3-Unit Triplex with
New
For Sale
$469,900
355 Frost, Waterbury, CT 06705
Separate, tenant-paid utilities and a detached garage complement the three-apartment layout.
Property Size1,919 SF
Price / SF$212.14
Days on Market5
Property Features for 355 Frost
General Information
Standard status
Active
Size
1,919 SF
Property subtype
3 Family
Lease Term
Listing ID: 24217036, Standard Status: Active, MLS Status: Active, Property Subtype: 3 Family, 1 day on market
Site & Location
Neighborhood
Fairlawn
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/1BA, 1 x 1BR
Multifamily Units
3
Individually Metered Utilities
unspecified utilities
Building Details
Building Size
1,919 SF
Year Built
1919
Buildings
1
Stories
3
Listing Agency:
Oxford Realty
Listed By:
Amanda Faroni-Sheehan · License #REB.0793328
(203) 314-4219
Source:
Iverty
Added: Oct 26
Changed: Oct 29
Last Checked: Oct 28 at 6:42AM
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 Oxford Realty
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Investment Insights
Based on property information with market context.
At 355 Frost in Waterbury, this 2,215-square-foot triplex was built in 1919 and contains three apartments. The first and second floors each have two bedrooms, one bathroom, an eat-in kitchen, and a living room. The third-floor unit has one bedroom, an eat-in kitchen, and a living room.
Utility service is separately metered and paid by tenants. The first- and second-floor apartments have gas heat and hot water; the third-floor apartment uses electricity for both. A detached two-car garage with electricity, a private driveway, and additional off-street parking at the rear serve the property. The building may be acquired on its own or with other multifamily properties in Waterbury.
Utility service is separately metered and paid by tenants. The first- and second-floor apartments have gas heat and hot water; the third-floor apartment uses electricity for both. A detached two-car garage with electricity, a private driveway, and additional off-street parking at the rear serve the property. The building may be acquired on its own or with other multifamily properties in Waterbury.
Key Highlights
- Three apartments: two 2‑bedroom units and one 1‑bedroom unit
- 2,215 square feet; built in 1919
- Detached 2‑car garage with electricity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,955
Cap Rate
5.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$499,100
$499.1K
Cap Rate 7%
$356,500
$356.5K
Cap Rate 9%
$277,278
$277.3K
Market Conditions
NOI Build-Up for 2,215 SF
Gross rent
$38.5K $17.40/SF
− Vacancy
−$2.9K −$1.31/SF
EGI
$35.7K $16.10/SF
− OpEx
−$10.7K −$4.83/SF
NOI
$25.0K $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%
$499,100
Cap Rate 7%
$356,500
Cap Rate 9%
$277,278
Alternative Uses
Best Use
Multifamily LT 5
$356.5K
$311.9K – $415.9K
NOI $24,955 @ 7.0% cap · market cap 5.31%
Second Best
Apartment 5plus
$321.2K
$281.0K – $374.7K
NOI $22,481 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$587.8K
$514.3K – $685.8K
NOI $41,146 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
600
Businesses Nearby
Explore this area
Business Placement
Demographics for 06705, CT
27,197
Population
12,222
Households
2.2
Avg Household Size
38
Median Age
18%
College-Educated
86%
High-School Grad
5.6 sq mi
ZIP Area
4,857
Density / Sq Mi
$53,169
Median Household Income
$41,327
Median Earnings
$1,165
Median Rent
$177,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Separate, tenant-paid utilities and a detached garage complement the three-apartment layout.
Where is this triplex located?
The property is located at 355 Frost Waterbury, CT.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: Three apartments: two 2‑bedroom units and one 1‑bedroom unit; 2,215 square feet; built in 1919; Detached 2‑car garage with electricity
