Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    304 Buckingham St Watertown, CT 6779

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,700 /Mo

    First-floor unit with hardwood floors, washer/dryer, and private terrace.

    Type:Multi Family
    Added:
    Apr 1, 2026
    Days on Market:
    17
    Last Refresh:
    Apr 1 at 4:26 am

    Property Features for 304 Buckingham St

    General Information

    Standard status
    Active
    Property subtype
    Multi Family

    Building Details

    Year Built
    1930

    We can help!

    Listing Contact
    David McDuff
    David McDuff

    Listing agent David McDuff

    Listing office

    Listing date Apr 1, 2026

    Source Elliman

    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 David McDuff

    Overview

    Well-Kept Two Bedroom Apartment

    This first-floor unit features two bedrooms and hardwood floors throughout. A washer and dryer are included. The apartment has a private terrace in the back. The property is located close to major amenities. The walk score is 66, indicating it is somewhat walkable, and the bike score is 22, indicating it is somewhat bikeable.
    Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Watertown
    County
    Litchfield
    State
    Connecticut
    Longitude
    -73.0833801
    Latitude
    41.5953833

    Nearby Similar for Lease

    • $21/mo

      Medical Office with Ample Parking

      Stand-alone medical office building suitable for various practices.
      70 Heminway Park Road, Watertown, CT 06795
      View Details
    • Contact for pricing

      Oakville Commercial Office Space Available

      Commercial office space in Oakville, CT, approximately 1300+ SF.
      314 Main Street #1UL, Watertown, CT 06779
      View Details
    • Contact for pricing

      Prime Storefront in Watertown Center

      Ground-level storefront on Route 63, suitable for various businesses.
      175 Main Street, Watertown, CT 06795
      View Details
    • Contact for pricing

      Oakville Office Space Available

      Cozy second-floor office space in the heart of Oakville.
      314 Main Street #2UL, Watertown, CT 06779
      View Details
    • Contact for pricing

      Oakville Duplex Rental Available Now

      Turn-key duplex with hardwood floors, close to amenities.
      94 Pullen Ave, Watertown, CT 06779
      View Details
    • Contact for pricing

      Downtown One Bedroom Apartment

      Cozy one-bedroom apartment in downtown Watertown available for rent.
      20 Depot St 2nd Floor, Watertown, CT 06708
      View Details
    • Contact for pricing

      Watertown Office Space For Rent

      Office space with multiple rooms available for rent.
      314 Main Street #3 UL, Watertown, CT 06779
      View Details
    • $18/mo

      Office Space For Lease

      2,700 SF office space available in Watertown, CT.
      1278 Main St, Watertown, CT
      View Details
    • Contact for pricing

      Nicely Finished Office Space

      400 SF of office space for professional uses.
      1197 Main St, Watertown, CT
      View Details
    • Contact for pricing

      Retail Space on Main Street

      Retail space available for rent on Main Street.
      224 Main St, Watertown, CT
      View Details
    • $187/mo

      Professional Office or Retail Space

      Newer office or retail space in high traffic area.
      216 Davis Street, Oakville, Connecticut, Watertown, CT 06779
      View Details
    • $9/mo

      Watertown Manufacturing/Warehouse Space Available

      14,000 SF manufacturing/warehouse space for lease near Route 8.
      290-320 Sylvan Lake Rd, Watertown, CT
      View Details

    FAQs

    What type of property is this?
    Multifamily property - First-floor unit with hardwood floors, washer/dryer, and private terrace.
    Where is this multifamily property located?
    The property is located at 304 Buckingham St Watertown, CT.
    What is the lease rate?
    The lease rate is $1,700 /Mo.
    What are key features of this property?
    This property features: First floor unit for easy access.; Hardwood floors throughout the apartment.; Includes Washer/Dryer for your convenience.
    (203) 228-1954
    We can help!
    Listing Contact
    David McDuff
    David McDuff
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!