Vacant Two-Unit
New
For Sale
$275,000
360 Pine, Waterbury, CT 06704
The vacant property combines a ground-floor one-bedroom residence with a three-bedroom unit above.
Property Size1,576 SF
Price / SF$174.49
Days on Market7
Property Features for 360 Pine
General Information
Standard status
Active
Size
1,576 SF
Property subtype
2 Family
Units
Unit Mix
1 x 1BR, 1 x 3BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Building Details
Year Built
1900
Listing Agency:
Coldwell Banker Realty
(860) 674-0300
Listed By:
Mustafa Muaremi · License #RES.0818283
(860) 877-4682
Source:
Lockandkeyre
Added: Oct 8
Changed: Oct 13
Last Checked: Oct 12 at 7:11PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This two-family property contains 1,576 square feet and was built in 1900. The first-floor residence has one bedroom and a spacious living room; the other unit occupies the second and third floors and includes three bedrooms and one full bath. Both residences are vacant, and the property is being sold as-is. A newer metal roof, off-street parking, and a private driveway are also present.
Fulton Park is directly across the street, providing nearby green space, recreation areas, and a playground.
Fulton Park is directly across the street, providing nearby green space, recreation areas, and a playground.
Key Highlights
- Two‑family property with 1,576 square feet
- Ground‑floor unit has 1 bedroom and a large living room
- Upper unit spans the second and third floors, with 3 bedrooms and 1 full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,756
Cap Rate
6.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$355,120
$355.1K
Cap Rate 7%
$253,657
$253.7K
Cap Rate 9%
$197,289
$197.3K
Market Conditions
NOI Build-Up for 1,576 SF
Gross rent
$27.4K $17.40/SF
− Vacancy
−$2.1K −$1.31/SF
EGI
$25.4K $16.10/SF
− OpEx
−$7.6K −$4.83/SF
NOI
$17.8K $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%
$355,120
Cap Rate 7%
$253,657
Cap Rate 9%
$197,289
Alternative Uses
Best Use
Multifamily LT 5
$253.7K
$222.0K – $295.9K
NOI $17,756 @ 7.0% cap · market cap 6.46%
Second Best
Apartment 5plus
$228.5K
$200.0K – $266.6K
NOI $15,996 @ 7.0% cap · market cap 5.82%
Theoretical Best
Office A
$418.2K
$366.0K – $487.9K
NOI $29,276 @ 7.0% cap · market cap 10.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
944
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - The vacant property combines a ground-floor one-bedroom residence with a three-bedroom unit above.
Where is this duplex located?
The property is located at 360 Pine Waterbury, CT.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two‑family property with 1,576 square feet; Ground‑floor unit has 1 bedroom and a large living room; Upper unit spans the second and third floors, with 3 bedrooms and 1 full bath
