Two-Family Residential Income
265 Piedmont Street Waterbury, CT 06706
265 Piedmont Street, Waterbury, CT, 06706
$290,000
For Sale
$290,000
Well-maintained two-family home with separate utility metering and flexible unit layout options.
Property Size1,467 SF
Price / SF$197.68
Days on Market20
Property Features for 265 Piedmont Street
General Information
- Standard status
- Active
- Size
- 1,467 SF
- Property subtype
- 2 Family
Building Details
- Year Built
- 1869
Listing agency
Regency Real Estate, LLC
(860) 406-5044
Listed by
David Aurigemma
(860) 406-5044
Source
Lockandkeyre
Added: Jul 3 Updated: Jul 21 at 6:06PM Checked: Jul 21 at 6:06PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Regency Real Estate, LLC
Investment Insights
Based on property information with market context.
Well-maintained two-family residence offering flexible living arrangements. The first-floor unit is currently configured as a three-bedroom (legal four-bedroom) with a spacious eat-in kitchen flowing into the living room, 9-foot ceilings, gas radiator heat, a full bath with a large vanity and tub, and a generous bedroom with a walk-in closet. A fully plumbed brick fireplace provides an opportunity to add a wood-burning stove, and the kitchen can be reconfigured with a partition wall to convert the first-floor unit into a two-bedroom layout.
The second-floor unit features a galley-style kitchen with a washer/dryer area, a partially sunken living room with additional recreation space, and an oversized full bath with a large soaking tub, updated vanity, toilet, and spacious linen closet. A private front entrance leads directly to this unit, which includes a third-level bedroom.
Exterior improvements include aluminum siding, an attractive fieldstone foundation, a newer asphalt shingle roof, and newer gutters with gutter guards. Utilities are separately metered for gas heat and hot water, with one shared water meter, and shared laundry is located in the basement. Off-street parking is available.
The second-floor unit features a galley-style kitchen with a washer/dryer area, a partially sunken living room with additional recreation space, and an oversized full bath with a large soaking tub, updated vanity, toilet, and spacious linen closet. A private front entrance leads directly to this unit, which includes a third-level bedroom.
Exterior improvements include aluminum siding, an attractive fieldstone foundation, a newer asphalt shingle roof, and newer gutters with gutter guards. Utilities are separately metered for gas heat and hot water, with one shared water meter, and shared laundry is located in the basement. Off-street parking is available.
Key Highlights
- 1869‑built well‑maintained two‑family home with flexible living setup and separate utility metering.
- Currently configured as 3‑bed, legally a 4‑bedroom; first‑floor unit can be converted back by removing/adding partitions.
- First‑floor features an eat‑in kitchen, living room, 9‑foot ceilings, gas radiator heat, full bath, and a walk‑in closet bedroom.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.5k | $17.40 |
| − Vacancy | −$1.9k | −$1.31 |
| EGI | $23.6k | $16.10 |
| − OpEx | −$7.1k | −$4.83 |
| NOI | $16.5k | $11.27 |
1,467 SF · lease $17.40/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$236.1K
$206.6K – $275.5K
NOI $16,528 @ 7.0% cap · market cap 5.70%
Second Best
Apartment 5plus
$212.7K
$186.1K – $248.2K
NOI $14,889 @ 7.0% cap · market cap 5.13%
Theoretical Best
Office A
$389.3K
$340.6K – $454.2K
NOI $27,251 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained two-family home with separate utility metering and flexible unit layout options.
Where is this duplex located?
The property is located at 265 Piedmont Street Waterbury, CT.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: 1869‑built well‑maintained two‑family home with flexible living setup and separate utility metering.; Currently configured as 3‑bed, legally a 4‑bedroom; first‑floor unit can be converted back by removing/adding partitions.; First‑floor features an eat‑in kitchen, living room, 9‑foot ceilings, gas radiator heat, full bath, and a walk‑in closet bedroom.
