Renovated Two-Family Turn-Key
33 Congress Avenue Waterbury, CT 06708
33 Congress Avenue, Waterbury, CT, 06708
$405,000
For Sale
$405,000
Completely renovated two-unit residence with separate utilities for flexible owner-occupant or investment use.
Property Size1,824 SF
Price / SF$222.04
Days on Market39
Property Features for 33 Congress Avenue
General Information
- Standard status
- Active
- Size
- 1,824 SF
- Property subtype
- 2 Family
Building Details
- Year Built
- 1910
Listing Agency
RE/MAX Heritage
(203) 428-5962
Listed by
Noor Ahmed
(203) 428-5962
Source
Lockandkeyre
Added: Jun 10 Checked: Jul 17 at 5:48 am
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 RE/MAX Heritage
Investment Insights
Based on property information with market context.
This completely renovated, turn-key 2-family home presents like new construction and is ready for immediate occupancy. Both units offer bright, open layouts with brand-new finishes, including modern kitchens and updated bathrooms. Each unit is served by separate utilities, supporting resident-level control and simplifying day-to-day operations for an owner.
The property is located at 33 Congress Avenue in Waterbury, Connecticut. With its two distinct residential units, the home is suited to buyers looking for a straightforward structure that can accommodate either shared ownership in one unit and rental income in the other, or a hands-on-leaning investment approach where units can be managed independently.
For owner-occupants, the arrangement allows you to live in one unit while the second helps offset housing costs. For investors, the updated interior finishes, separate utilities, and move-in-ready condition reduce near-term renovation concerns and support a more predictable transition to new tenants. If you’re looking for a renovated two-family home with practical separation between units, this one is designed for both living and renting from day one.
The property is located at 33 Congress Avenue in Waterbury, Connecticut. With its two distinct residential units, the home is suited to buyers looking for a straightforward structure that can accommodate either shared ownership in one unit and rental income in the other, or a hands-on-leaning investment approach where units can be managed independently.
For owner-occupants, the arrangement allows you to live in one unit while the second helps offset housing costs. For investors, the updated interior finishes, separate utilities, and move-in-ready condition reduce near-term renovation concerns and support a more predictable transition to new tenants. If you’re looking for a renovated two-family home with practical separation between units, this one is designed for both living and renting from day one.
Key Highlights
- Completely renovated 2‑family residence (built 1910) at 33 Congress Ave
- Each unit features a bright, open layout with brand‑new finishes throughout
- Modern kitchens and updated bathrooms in both units
Local 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
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Completely renovated two-unit residence with separate utilities for flexible owner-occupant or investment use.
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: Completely renovated 2‑family residence (built 1910) at 33 Congress Ave; Each unit features a bright, open layout with brand‑new finishes throughout; Modern kitchens and updated bathrooms in both units
