3-Unit Side-by-Side
For Sale
$575,000
303 New Haven Avenue, Waterbury, CT 06708
Multi-Family For Sale, Units are Side-by-Side, Waterbury, CT
Property Size4,284 SF
Lot Size0.17 Acres
Price / SF$134.22
Days on Market8
Property Features for 303 New Haven Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RL
Bedrooms
6
Bathrooms
6
Full bathrooms
3
Half bathrooms
3
Rooms
Bedroom 4, Bedroom 5, Bathroom 2, Bathroom 3, Bedroom 6, Bathroom 6, Bedroom 2, Bathroom 5, Bedroom 3, Bathroom 4, Basement, Bathroom 1, Bedroom 1
Parking
3
Patio and Porch features
Deck
Exterior features
Deck
Basement
Full
Lot features
Secluded, Sloping Lot
Elementary school
Per Board of Ed
High school
Per Board of Ed
Directions
Bradley Ave to New Haven Ave
Subdivision
Town Plot
Standard status
Active
Size
4,284 SF
Lot size
0.17 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2027
Tax Annual Amount
10991
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Wall Unit(s)
Water source
Public
Amenities
basement storage
Building Details
Year built
1960
Architectural style
Other
Listing Agency:
Showcase Realty, Inc.
(860) 274-7000
Listed By:
James Kane · License #RES.0349361
(203) 560-3339
Added: Oct 30
Changed: Nov 5
Last Checked: Nov 6 at 5:06AM
MLS# 24217662
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,284-square-foot triplex, built in 1960, contains three side-by-side residences. Each unit has four rooms, two bedrooms, and 1.5 bathrooms, along with its own basement storage area. Separate electric baseboard heating serves the units, and the property also has a deck and a new roof.
The property occupies 0.17 acres and is zoned RL. Public water and public sewer serve the site. Route 8 and I-84 are nearby.
The property occupies 0.17 acres and is zoned RL. Public water and public sewer serve the site. Route 8 and I-84 are nearby.
Key Highlights
- Three side‑by‑side units, each with 4 rooms, 2 bedrooms, and 1.5 bathrooms
- 4,284 square feet on a 0.17‑acre lot
- Separate electric baseboard heating for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,266
Cap Rate
8.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$965,320
$965.3K
Cap Rate 7%
$689,514
$689.5K
Cap Rate 9%
$536,289
$536.3K
Market Conditions
NOI Build-Up for 4,284 SF
Gross rent
$74.5K $17.40/SF
− Vacancy
−$5.6K −$1.31/SF
EGI
$69.0K $16.10/SF
− OpEx
−$20.7K −$4.83/SF
NOI
$48.3K $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%
$965,320
Cap Rate 7%
$689,514
Cap Rate 9%
$536,289
Alternative Uses
Best Use
Multifamily LT 5
$689.5K
$603.3K – $804.4K
NOI $48,266 @ 7.0% cap · market cap 8.39%
Second Best
Apartment 5plus
$621.1K
$543.5K – $724.7K
NOI $43,480 @ 7.0% cap · market cap 7.56%
Theoretical Best
Office A
$1.14M
$994.8K – $1.33M
NOI $79,580 @ 7.0% cap · market cap 13.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Explore this area
Business Placement
Demographics for 06708, CT
30,345
Population
13,061
Households
2.3
Avg Household Size
38
Median Age
22%
College-Educated
84%
High-School Grad
9.4 sq mi
ZIP Area
3,228
Density / Sq Mi
$63,705
Median Household Income
$40,515
Median Earnings
$1,275
Median Rent
$196,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Each residence offers two bedrooms, 1.5 bathrooms, separate electric baseboard heat, and individual basement storage.
Where is this triplex located?
The property is located at 303 New Haven Avenue Waterbury, CT.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Three side‑by‑side units, each with 4 rooms, 2 bedrooms, and 1.5 bathrooms; 4,284 square feet on a 0.17‑acre lot; Separate electric baseboard heating for each unit
