3-Unit Triplex with
New
For Sale
$525,000
319 Hill Street, Waterbury, CT 06704
Multi-Family For Sale, 3updown - Unit(s) per Floor, Waterbury, CT
Property Size3,320 SF
Lot Size0.15 Acres
Price / SF$158.13
Days on Market6
Property Features for 319 Hill Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RL
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 1, Bedroom 4, Bathroom 3, Bedroom 3, Bedroom 2, Basement, Bathroom 2, Bedroom 5
Basement
Full
Lot features
Level Lot
Elementary school
Per Board of Ed
High school
Per Board of Ed
Directions
Chase Ave to Hill St
Standard status
Active
Size
3,320 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2027
Tax Annual Amount
6893
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Water source
Public
Building Details
Year built
1900
Architectural style
Other
Listing Agency:
West View Properties, LLC
(860) 274-7838
Listed By:
Kara Reynolds
(203) 217-3711
Added: Oct 21
Changed: Oct 26
Last Checked: Oct 26 at 1:06PM
MLS# 24215772
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.
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Investment Insights
Based on property information with market context.
This three-unit residential property contains 3,320 square feet across three floors and sits on a 0.15-acre lot. Built in 1900, it has updated kitchens, bathrooms, railings, a front porch, and hot water heaters. A detached three-car garage is also on site, and the third floor offers city views.
The property is currently vacant and zoned RL. Public water and sewer serve the site, and heating is provided by a hot water system.
The property is currently vacant and zoned RL. Public water and sewer serve the site, and heating is provided by a hot water system.
Key Highlights
- Three‑family property with 3,320 square feet
- Detached three‑car garage
- 0.15‑acre lot; zoned RL
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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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - The vacant three-family property features renovated kitchens and baths, plus a detached garage.
Where is this triplex located?
The property is located at 319 Hill Street 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‑family property with 3,320 square feet; Detached three‑car garage; 0.15‑acre lot; zoned RL
