Two-Family
For Sale
$379,900
Pending
287 Circular, Waterbury, CT 06705
Two residential units with a 5/5 configuration in Waterbury’s East End.
Property Size2,184 SF
Days on Market50
Property Features for 287 Circular
General Information
Standard status
Pending
Size
2,184 SF
Property subtype
2 Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1921
Listing Agency:
Lamacchia Realty
(203) 754-5171
Listed By:
Mercedes Baus · License #REB.0756818
Source:
Lockandkeyre
Added: Sep 1
Changed: Oct 19
Last Checked: Oct 19 at 11:10AM
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 Lamacchia Realty
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Investment Insights
Based on property information with market context.
This duplex contains two residential units arranged in a 5/5 configuration, with a total property size of 2,184 SF. The building was constructed in 1921.
Located at 287 Circular Avenue in Waterbury, Connecticut, the property is identified within the East End. The two-family layout provides a straightforward residential income configuration.
Located at 287 Circular Avenue in Waterbury, Connecticut, the property is identified within the East End. The two-family layout provides a straightforward residential income configuration.
Key Highlights
- Two‑family duplex with a 5/5 unit configuration
- 2,184 SF property size
- Built in 1921
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,606
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$492,120
$492.1K
Cap Rate 7%
$351,514
$351.5K
Cap Rate 9%
$273,400
$273.4K
Market Conditions
NOI Build-Up for 2,184 SF
Gross rent
$38.0K $17.40/SF
− Vacancy
−$2.9K −$1.31/SF
EGI
$35.2K $16.10/SF
− OpEx
−$10.5K −$4.83/SF
NOI
$24.6K $11.27/SF
Area
Waterbury, CT
Vacancy
7.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$492,120
Cap Rate 7%
$351,514
Cap Rate 9%
$273,400
Alternative Uses
Best Use
Multifamily LT 5
$351.5K
$307.6K – $410.1K
NOI $24,606 @ 7.0% cap · market cap 6.48%
Second Best
Apartment 5plus
$316.7K
$277.1K – $369.4K
NOI $22,166 @ 7.0% cap · market cap 5.83%
Theoretical Best
Office A
$579.6K
$507.1K – $676.2K
NOI $40,570 @ 7.0% cap · market cap 10.68%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
600
Businesses Nearby
Explore this area
Business Placement
Demographics for 06705, CT
27,197
Population
12,222
Households
2.2
Avg Household Size
38
Median Age
18%
College-Educated
86%
High-School Grad
5.6 sq mi
ZIP Area
4,857
Density / Sq Mi
$53,169
Median Household Income
$41,327
Median Earnings
$1,165
Median Rent
$177,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units with a 5/5 configuration in Waterbury’s East End.
Where is this duplex located?
The property is located at 287 Circular Waterbury, CT.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: Two‑family duplex with a 5/5 unit configuration; 2,184 SF property size; Built in 1921
