Triplex with Detached
New
For Sale
$525,000
319 Hill, Waterbury, CT 06704
Three vacant residential units feature updated kitchens and baths, with a detached garage adding on-site parking.
Property Size1,900 SF
Price / SF$158.13
Days on Market6
Property Features for 319 Hill
General Information
Standard status
Active
Size
1,900 SF
Total Parking Spaces
3
Property subtype
3 Family
Lease Term
Listing ID: 24215772, Standard Status: Coming Soon, MLS Status: Coming Soon, Property Subtype: 3 Family
Site & Location
Neighborhood
Hill Street
Additional Details
Multifamily Units
3
Building Details
Building Size
1,900 SF
Year Built
1900
Listing Agency:
West View Properties, LLC
(860) 274-7838
Listed By:
Kara Reynolds · License #RES.0821379
(203) 217-3711
Source:
Iverty
Added: Oct 20
Changed: Oct 25
Last Checked: Oct 24 at 6:28PM
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 West View Properties, LLC
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Investment Insights
Based on property information with market context.
Built in 1900, this 3,320-square-foot triplex contains three residential units and is currently vacant. Recent work includes updates to the kitchens, bathrooms, railings, front porch, and hot water heaters. A detached three-car garage is also part of the property.
The third floor offers views of the city. The property is located at 319 Hill, Waterbury, Connecticut.
The third floor offers views of the city. The property is located at 319 Hill, Waterbury, Connecticut.
Key Highlights
- Three‑unit residential property, currently vacant
- 3,320 square feet; built in 1900
- Detached garage with three car spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,405
Cap Rate
7.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$748,100
$748.1K
Cap Rate 7%
$534,357
$534.4K
Cap Rate 9%
$415,611
$415.6K
Market Conditions
NOI Build-Up for 3,320 SF
Gross rent
$57.8K $17.40/SF
− Vacancy
−$4.3K −$1.31/SF
EGI
$53.4K $16.10/SF
− OpEx
−$16.0K −$4.83/SF
NOI
$37.4K $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%
$748,100
Cap Rate 7%
$534,357
Cap Rate 9%
$415,611
Alternative Uses
Best Use
Multifamily LT 5
$534.4K
$467.6K – $623.4K
NOI $37,405 @ 7.0% cap · market cap 7.12%
Second Best
Apartment 5plus
$481.4K
$421.2K – $561.6K
NOI $33,696 @ 7.0% cap · market cap 6.42%
Theoretical Best
Office A
$881.0K
$770.9K – $1.03M
NOI $61,672 @ 7.0% cap · market cap 11.75%
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
Location Intelligence
Trade Area within ½ mile
535
Businesses Nearby
Explore this area
Business Placement
Demographics for 06704, CT
27,300
Population
12,987
Households
2.1
Avg Household Size
34
Median Age
14%
College-Educated
78%
High-School Grad
8.1 sq mi
ZIP Area
3,370
Density / Sq Mi
$47,848
Median Household Income
$33,090
Median Earnings
$1,202
Median Rent
$178,500
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 vacant residential units feature updated kitchens and baths, with a detached garage adding on-site parking.
Where is this triplex located?
The property is located at 319 Hill Waterbury, CT.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Three‑unit residential property, currently vacant; 3,320 square feet; built in 1900; Detached garage with three car spaces
