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Well-Maintained Two-Family Property

28 Platt Street Waterbury, CT 06704

28 Platt Street, Waterbury, CT, 06704

$319,900

For Sale

$319,900

Two-family property with income potential and owner-occupant opportunity.

Property Size2,520 SF

Price / SF$126.94

AddedMay 15

Days on Market62

Last RefreshJul 15 at 1:58 pm

Property Features for 28 Platt Street

General Information

Standard status: Active
Size: 2,520 SF
Property subtype: 2 Family

Building Details

Year Built: 1891

Listing office The Washington Agency

Listing date May 15, 2026

Source Lockandkeyre

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 The Washington Agency

Investment Insights

Based on property information with market context.

This well-maintained two-family property presents an opportunity for owner-occupancy with income potential. The first-floor unit features five rooms and two bedrooms, with a bathroom updated in 2023. It is heated by a new gas furnace and includes a tankless hot water system, both installed in 2023. The second-floor unit offers six rooms and three bedrooms with a townhouse-style layout, including finished attic space. This unit includes an eat-in kitchen and has an electric hot water tank installed in 2020. The heating system is oil-based, but materials are available to convert to electric. Recent updates include a new roof and an updated electrical system, both completed in 2023. The property also features a clean basement with transferable building and finishing materials, a detached two-car garage, and ample off-street parking. The property is located near shopping, public transportation, schools, parks, recreation, and major highways, making it suitable for investors or owner-occupants seeking long-term value with built-in income. The property size is 2520 square feet.

Key Highlights

Strong income potential from two‑family setup, ideal for owner‑occupant.
New roof and updated electrical system (2023).
First‑floor unit features an updated bathroom, new gas furnace, and tankless hot water system (2023).

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$43.8k	$17.40
− Vacancy	−$3.3k	−$1.31
EGI	$40.6k	$16.10
− OpEx	−$12.2k	−$4.83
NOI	$28.4k	$11.27

2,520 SF · lease $17.40/SF/yr · vacancy 7.50% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$405.6K

$354.9K – $473.2K (±1% cap)

NOI $28,392 @ 7.0% cap · market cap 8.88%

Second Best

Apartment 5plus

$365.4K

$319.7K – $426.3K (±1% cap)

NOI $25,577 @ 7.0% cap · market cap 8.00%

Theoretical Best

Office A

$668.7K

$585.2K – $780.2K (±1% cap)

NOI $46,812 @ 7.0% cap · market cap 14.63%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

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Suggested Use

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For sale
Duplexes
CT
Waterbury
06704
28 Platt Street

What type of property is this?

Duplex - Two-family property with income potential and owner-occupant opportunity.

Where is this duplex located?

The property is located at 28 Platt Street Waterbury, CT.

What is the asking price?

The asking price for this property is $319,900.

What are key features of this property?

This property features: Strong income potential from two‑family setup, ideal for owner‑occupant.; New roof and updated electrical system (2023).; First‑floor unit features an updated bathroom, new gas furnace, and tankless hot water system (2023).