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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
    Under Contract
    Claim this Listing
    $319,900

    MULTI_FAMILY - Waterbury, CT

    Property Size2,520 SF
    Lot Size0.15 Acres
    Price / SF$126.94
    AddedMay 15
    Days on Market61
    Last RefreshJul 14 at 2:06 pm

    Property Features for 28 Platt Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    RM
    Bedrooms
    5
    Bathrooms
    2
    Rooms
    Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 2, Bedroom 5, Basement, Bathroom 1, Bedroom 1
    Parking
    6
    Basement
    Full
    Standard status
    Active Under Contract
    Size
    2,520 SF
    Lot size
    0.15 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    4594

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Hot Water(Heating)
    Water source
    Public

    Building Details

    Year built
    1891
    Architectural style
    Other

    Listing agent Ashley Henry

    Listing office The Washington Agency 182 Birge Park Road Unit 1, Torrington, CT

    Listing date May 15, 2026

    MLS# 24169945 Listing URL

    Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Investment Insights

    Based on property information with market context.

    This well-maintained two-family property offers income potential and an owner-occupant opportunity. The first-floor unit features five rooms and two bedrooms with a bathroom updated in 2023. It is heated with a new gas furnace and a tankless hot water system installed in 2023. The second-floor unit features six rooms and three bedrooms with a townhouse-style layout, including finished attic space. This unit includes an eat-in kitchen and is heated by oil, but has materials available to convert to electric. The electric hot water tank was installed in 2020. Major updates include a new roof (2023) and updated electrical system (2023). Additional highlights include 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. The lot size is 0.15 acres and the property size is 2520 square feet. The property is located in Waterbury, CT.

    Key Highlights

    • Two‑family property built in 1891 with public water and public sewer.
    • First‑floor unit: bathroom updated in 2023; new gas furnace and tankless hot water system installed in 2023.
    • Major 2023 updates include a new roof and updated electrical system.

    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 $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

    Duplexes

    Suggested Use

    (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Locksmith Tech Support Center Garden Center Catering Service Computer & Electronic Repair Veterinary Clinic Electrical Service Pet Grooming Service

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

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    FAQs

    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: Two‑family property built in 1891 with public water and public sewer.; First‑floor unit: bathroom updated in 2023; new gas furnace and tankless hot water system installed in 2023.; Major 2023 updates include a new roof and updated electrical system.
    Contact an agent
    (860) 776-6515
    We can help!
    Contact an agent
    Ashley Henry
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