Hillside Three-Family Investment
37 Plaza Avenue, Waterbury, CT 06710
Three-unit property in Hillside with separate utilities and parking.
Type:3 Family
Property size:
3,401 SFPrice / SF:
$132/SF- Added:
- May 14, 2026
- Days on Market:
- 20
- Last Refresh:
- May 15 at 9:36 pm
Property Features for 37 Plaza Avenue
General Information
- Standard status
- Active
- Size
- 3,401 SF
- Property subtype
- 3 Family
Building Details
- Year Built
- 1907
Listing agent Amanda Faroni-Sheehan (203) 314-4219
Listing office Oxford Realty (203) 314-4219
Listing date May 14, 2026
Source Lockandkeyre
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
HighLights
- Strong cash flow potential with 8.5+% CAP at full occupancy.
- Three‑family property with two 3/4‑bedroom units and one 2‑bedroom unit.
- All utilities are separate and tenant‑paid (gas heat, hot water, and electric).
- Located in the desirable Hillside neighborhood.
- Updated electrical system with circuit breakers.
- Off‑street parking for three vehicles.
Overview
Located in the Hillside neighborhood, this three-family property presents an opportunity for both owner-occupants and investors. The property features two units with three or four bedrooms and one bathroom each, along with a single two-bedroom, one-bathroom unit. Each unit has separate, tenant-paid utilities, including gas heat and hot water. The electrical system has been updated to circuit breakers, also tenant-paid. The exterior of the building includes vinyl siding and replacement windows. Off-street parking is available for three vehicles. This property offers cash flow potential and a value-add opportunity for building equity and generating rental income.
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 | $59.2k | $17.40 |
| − Vacancy | −$4.4k | −$1.31 |
| EGI | $54.7k | $16.10 |
| − OpEx | −$16.4k | −$4.83 |
| NOI | $38.3k | $11.27 |
3,401 SF · lease $17.40/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$547.4K
$479.0K – $638.6K
NOI $38,317 @ 7.0% cap · market cap 8.52%
Second Best
Apartment 5plus
$493.1K
$431.5K – $575.3K
NOI $34,518 @ 7.0% cap · market cap 7.67%
Theoretical Best
Office A
$902.5K
$789.7K – $1.05M
NOI $63,177 @ 7.0% cap · market cap 14.04%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Waterbury
- County
- New Haven
- State
- Connecticut
- Longitude
- -73.0498812
- Latitude
- 41.5661187
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Three-unit property in Hillside with separate utilities and parking.
Where is this triplex located?
The property is located at 37 Plaza Avenue Waterbury, CT.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Strong cash flow potential with 8.5+% CAP at full occupancy.; Three‑family property with two 3/4‑bedroom units and one 2‑bedroom unit.; All utilities are separate and tenant‑paid (gas heat, hot water, and electric).
