Turn-Key Renovated Two-Family
33 Congress Avenue Waterbury, CT 06708
For Sale
$405,000
MULTI_FAMILY - Waterbury, CT
Property Size1,824 SF
Lot Size0.08 Acres
Price / SF$222.04
Days on Market47
Property Features for 33 Congress Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RH
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 1, Bedroom 2, Basement, Bedroom 3
- Parking
- 4
- Basement
- Full
- Standard status
- Active
- Size
- 1,824 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 8895
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating), Baseboard
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1910
- Architectural style
- Other
Listing Agency:
RE/MAX Heritage
(203) 254-7555
Listed By:
Noor Ahmed
(203) 428-5962
Added: Jun 10
Changed: Jul 21
Last Checked: Jul 26 at 9:06AM
MLS# 24182495
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.
Investment Insights
Based on property information with market context.
This completely renovated, turn-key two-family home presents two bright, open layouts with brand-new finishes. Each unit includes a modern kitchen and updated bathroom. The property also features new electrical and new plumbing, supporting a straightforward move-in or lease-up process. A basement is available and could be finished upon request, offering flexibility for additional storage or future space.
Located at 33 Congress Avenue in Waterbury, Connecticut, the home sits on a small lot of about 0.08 acres. The property is zoned RH, making it suitable for residential income use consistent with the current zoning designation.
For an owner-occupant, the layout supports living in one unit while renting the other, with separate utilities to help simplify resident billing. For investors, the configuration offers two self-contained units with contemporary updates already completed, reducing near-term capital concerns. With the property in ready condition, buyers can focus on resident placement and day-to-day operations rather than renovations.
Located at 33 Congress Avenue in Waterbury, Connecticut, the home sits on a small lot of about 0.08 acres. The property is zoned RH, making it suitable for residential income use consistent with the current zoning designation.
For an owner-occupant, the layout supports living in one unit while renting the other, with separate utilities to help simplify resident billing. For investors, the configuration offers two self-contained units with contemporary updates already completed, reducing near-term capital concerns. With the property in ready condition, buyers can focus on resident placement and day-to-day operations rather than renovations.
Key Highlights
- 2‑family home built in 1910 with public water and public sewer
- New electrical and new plumbing
- Separate utilities for each unit
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.7k | $17.40 |
| − Vacancy | −$2.4k | −$1.31 |
| EGI | $29.4k | $16.10 |
| − OpEx | −$8.8k | −$4.83 |
| NOI | $20.6k | $11.27 |
1,824 SF · lease $17.40/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$293.6K
$256.9K – $342.5K
NOI $20,550 @ 7.0% cap · market cap 5.07%
Second Best
Apartment 5plus
$264.5K
$231.4K – $308.6K
NOI $18,513 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$484.0K
$423.5K – $564.7K
NOI $33,883 @ 7.0% cap · market cap 8.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Completely renovated two-family with separate utilities, updated kitchens and baths, plus new electrical and plumbing.
Where is this duplex located?
The property is located at 33 Congress Avenue Waterbury, CT.
What is the asking price?
The asking price for this property is $405,000.
What are key features of this property?
This property features: 2‑family home built in 1910 with public water and public sewer; New electrical and new plumbing; Separate utilities for each unit
