Updated Triplex with In-Unit
278 Willow Street Waterbury, CT 06710
278 Willow Street, Waterbury, CT, 06710
$475,000
For Sale
$475,000
Updated 3-family triplex with separate, tenant-paid electric and in-unit laundry hookups across three distinct floorplans.
Property Size3,600 SF
Price / SF$131.94
Days on Market78
Property Features for 278 Willow Street
General Information
- Standard status
- Active
- Size
- 3,600 SF
- Property subtype
- Multi-Family / 3 Family
Building Details
- Year Built
- 1898
Listing agency
Oxford Realty
(203) 314-4219
Listed by
Amanda R Faroni-Sheehan · License #REB.0793328
(203) 314-4219
Source
Compass
Added: May 6 Updated: Jul 22 at 4:43AM Checked: Jul 22 at 4:43AM
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 Oxford Realty
Investment Insights
Based on property information with market context.
This updated 3-family triplex offers three separate units with in-unit laundry hookups. The first-floor unit is configured as 3 bedrooms and 1 bathroom, the second-floor unit features 2 bedrooms and 2 bathrooms, and the third-floor unit provides 4 bedrooms and 2 bathrooms. Each unit is separately metered for utilities, with electric tenant-paid, helping keep owner expenses lower. The exterior includes low-maintenance vinyl siding and on-street parking.
Located in the Hillside area of Waterbury, the property is described as just minutes from Downtown Waterbury with convenient access to major highway routes and nearby shopping and dining options, including Brass Mill Mall.
The building is presented as updated and turnkey, positioned for immediate occupancy or rental use based on the current unit configuration.
Located in the Hillside area of Waterbury, the property is described as just minutes from Downtown Waterbury with convenient access to major highway routes and nearby shopping and dining options, including Brass Mill Mall.
The building is presented as updated and turnkey, positioned for immediate occupancy or rental use based on the current unit configuration.
Key Highlights
- Updated 3‑family triplex built in 1898 with 3 distinct unit floorplans
- 1st floor: 3 bed/1 bath; 2nd floor: 2 bed/2 bath; 3rd floor: 4 bed/2 bath
- In‑unit laundry hookup in each unit (Unit 1, Unit 2, and Unit 3)
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 | $62.6k | $17.40 |
| − Vacancy | −$4.7k | −$1.31 |
| EGI | $57.9k | $16.10 |
| − OpEx | −$17.4k | −$4.83 |
| NOI | $40.6k | $11.27 |
3,600 SF · lease $17.40/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$579.4K
$507.0K – $676.0K
NOI $40,559 @ 7.0% cap · market cap 8.54%
Second Best
Apartment 5plus
$522.0K
$456.7K – $609.0K
NOI $36,538 @ 7.0% cap · market cap 7.69%
Theoretical Best
Office A
$955.3K
$835.9K – $1.11M
NOI $66,874 @ 7.0% cap · market cap 14.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Updated 3-family triplex with separate, tenant-paid electric and in-unit laundry hookups across three distinct floorplans.
Where is this triplex located?
The property is located at 278 Willow Street Waterbury, CT.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Updated 3‑family triplex built in 1898 with 3 distinct unit floorplans; 1st floor: 3 bed/1 bath; 2nd floor: 2 bed/2 bath; 3rd floor: 4 bed/2 bath; In‑unit laundry hookup in each unit (Unit 1, Unit 2, and Unit 3)
