Triplex with Basement
New
For Sale
$575,000
303 New Haven, Waterbury, CT 06708
Three residential units provide two-bedroom layouts, individual storage, and separate electric baseboard heating.
Property Size2,856 SF
Price / SF$201.33
Days on Market6
Property Features for 303 New Haven
General Information
Standard status
Active
Size
2,856 SF
Property subtype
3 Family
Site & Location
Neighborhood
Town Plot
Highway Access
Yes
Units
Unit Mix
3 x 2BR/1.5BA
Multifamily Units
3
Amenities
basement storage
Building Details
Year Built
1960
Listing Agency:
Showcase Realty, Inc.
(860) 274-7000
Listed By:
James Kane · License #RES.0349361
(203) 560-3339
Source:
Lockandkeyre
Added: Oct 29
Changed: Nov 1
Last Checked: Nov 1 at 3:44PM
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 Showcase Realty, Inc.
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Investment Insights
Based on property information with market context.
This 2,856-square-foot triplex contains three units, each arranged with four rooms, two bedrooms, and 1.5 bathrooms. Basement storage is provided for every unit, and the property has a recently installed roof. Each residence uses separate electric baseboard heat. The building dates to 1960.
Route 8 and I-84 are nearby, providing access to both interstate routes.
Route 8 and I-84 are nearby, providing access to both interstate routes.
Key Highlights
- Three units, each with four rooms, two bedrooms, and 1.5 bathrooms
- 2,856 square feet in a building constructed in 1960
- Individual basement storage for every unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,177
Cap Rate
5.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$643,540
$643.5K
Cap Rate 7%
$459,671
$459.7K
Cap Rate 9%
$357,522
$357.5K
Market Conditions
NOI Build-Up for 2,856 SF
Gross rent
$49.7K $17.40/SF
− Vacancy
−$3.7K −$1.31/SF
EGI
$46.0K $16.10/SF
− OpEx
−$13.8K −$4.83/SF
NOI
$32.2K $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%
$643,540
Cap Rate 7%
$459,671
Cap Rate 9%
$357,522
Alternative Uses
Best Use
Multifamily LT 5
$459.7K
$402.2K – $536.3K
NOI $32,177 @ 7.0% cap · market cap 5.60%
Second Best
Apartment 5plus
$414.1K
$362.3K – $483.1K
NOI $28,987 @ 7.0% cap · market cap 5.04%
Theoretical Best
Office A
$757.9K
$663.2K – $884.2K
NOI $53,053 @ 7.0% cap · market cap 9.23%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
151
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units provide two-bedroom layouts, individual storage, and separate electric baseboard heating.
Where is this triplex located?
The property is located at 303 New Haven 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 units, each with four rooms, two bedrooms, and 1.5 bathrooms; 2,856 square feet in a building constructed in 1960; Individual basement storage for every unit
