Hillside Three-Family Investment
37 Plaza Avenue Waterbury, CT 06710
37 Plaza Avenue, Waterbury, CT, 06710
$399,900
For Sale
$399,900
Three-unit property in Hillside with separate utilities and parking.
Property Size3,401 SF
Price / SF$117.58
Days on Market65
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 Agency
Oxford Realty
(203) 314-4219
Listed by
Amanda Faroni-Sheehan
(203) 314-4219
Source
Lockandkeyre
Added: May 14 Checked: Jul 17 at 5:56 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 Oxford Realty
Investment Insights
Based on property information with market context.
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.
Key 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).
Local Financial Insights For Apartment 5plus
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 | $67.3k | $19.80 |
| − Vacancy | −$4.6k | −$1.35 |
| EGI | $62.8k | $18.45 |
| − OpEx | −$28.2k | −$8.30 |
| NOI | $34.5k | $10.15 |
3,401 SF · lease $19.80/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$547.4K
$479.0K – $638.6K
NOI $38,317 @ 7.0% cap · market cap 9.58%
Second Best
Apartment 5plus
$493.1K
$431.5K – $575.3K
NOI $34,518 @ 7.0% cap · market cap 8.63%
Theoretical Best
Office A
$902.5K
$789.7K – $1.05M
NOI $63,177 @ 7.0% cap · market cap 15.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
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 $399,900.
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).
