Three-Unit Apartment
For Sale
$203,000
301 Oak, Waterbury, CT 06705
Three one-bedroom apartments have separate electrical panels and water heaters, with off-street parking available.
Property Size1,830 SF
Price / SF$110.93
Days on Market8
Property Features for 301 Oak
General Information
Standard status
Active
Size
1,830 SF
Property subtype
3 Family
Property Condition
Severity
Repairs Needed
Evidence
the third needs flooring and a kitchen
Site & Location
Neighborhood
East End
Additional Details
Asking Price
$369,900
Multifamily Units
6
Tenant in Place
Yes
Building Details
Year Built
1988
Listing Agency:
HOMESELL
(203) 361-3182
Listed By:
Warren Juall · License #REB.0794003
(203) 815-1890
Source:
Lockandkeyre
Added: Oct 27
Changed: Nov 2
Last Checked: Nov 3 at 6:33AM
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 HOMESELL
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Investment Insights
Based on property information with market context.
This 1,830-square-foot, single-story triplex was built in 1988 and contains three one-bedroom, one-bathroom apartments. Each unit has its own electric panel and water heater, and the building uses electric heat. Two apartments have been renovated; the third has a completed bathroom but still needs flooring and kitchen work. Flooring materials for that unit are on site and included. The center apartment is tenant-occupied, and off-street parking is available.
The property is being sold as-is and forms part of an investor package with 299 Oak St. Together, the properties are described as having six potential units; buyers should confirm unit count and zoning with the City of Waterbury. Cash or hard-money financing only.
The property is being sold as-is and forms part of an investor package with 299 Oak St. Together, the properties are described as having six potential units; buyers should confirm unit count and zoning with the City of Waterbury. Cash or hard-money financing only.
Key Highlights
- Three apartments, each with 1 bedroom and 1 bathroom
- 1,830‑square‑foot, one‑story building constructed in 1988
- Separate electric panel and water heater for each unit; electric heat
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,574
Cap Rate
9.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$371,480
$371.5K
Cap Rate 7%
$265,343
$265.3K
Cap Rate 9%
$206,378
$206.4K
Market Conditions
NOI Build-Up for 1,830 SF
Gross rent
$36.2K $19.80/SF
− Vacancy
−$2.5K −$1.35/SF
EGI
$33.8K $18.45/SF
− OpEx
−$15.2K −$8.30/SF
NOI
$18.6K $10.15/SF
Area
Waterbury, CT
Vacancy
6.80%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$371,480
Cap Rate 7%
$265,343
Cap Rate 9%
$206,378
Alternative Uses
Best Use
Multifamily LT 5
$294.5K
$257.7K – $343.6K
NOI $20,618 @ 7.0% cap · market cap 10.16%
Second Best
Apartment 5plus
$265.3K
$232.2K – $309.6K
NOI $18,574 @ 7.0% cap · market cap 9.15%
Theoretical Best
Office A
$485.6K
$424.9K – $566.6K
NOI $33,994 @ 7.0% cap · market cap 16.75%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
1,003
Businesses Nearby
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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?
Triplex - Three one-bedroom apartments have separate electrical panels and water heaters, with off-street parking available.
Where is this triplex located?
The property is located at 301 Oak Waterbury, CT.
What is the asking price?
The asking price for this property is $203,000.
What are key features of this property?
This property features: Three apartments, each with 1 bedroom and 1 bathroom; 1,830‑square‑foot, one‑story building constructed in 1988; Separate electric panel and water heater for each unit; electric heat
