Six-Unit Condominium Apartment
379 Perkins Ave, Waterbury, CT 06704
For Sale
$780,000
Fully leased condominium package with uniform one-bedroom layouts, private garages, and tenants retained at closing.
Property Size3,648 SF
Days on Market53
Property Features for 379 Perkins Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Net Operating Income
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Additional Details
Gross Income
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
Carbutti & Co., Realtors
Listed By:
Christopher Farrell · License CT RES.0820023
(860) 480-1799
Source:
Elliman
Added: Sep 19
Changed: Nov 2
Last Checked: Nov 10 at 7:51AM
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 Carbutti & Co., Realtors
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Investment Insights
Based on property information with market context.
This six-unit apartment portfolio comprises Units 4, 5, 6, 7, 8, and 11 at 379 Perkins Ave in Waterbury. The units are offered together and share a consistent configuration: one bedroom, one full bathroom, approximately 608 square feet of living area, electric heat, and a one-car garage. The property was built in 1985, and a recently replaced roof adds a notable capital improvement.
All six units are occupied by existing tenants, with current rents in place at delivery. Garage space also produces rental income. Condominium ownership and HOA fees support a shared-maintenance structure, while the similar condition across the units may provide operational consistency. The property has a Walk Score of 30, a Bike Score of 29, and a Transit Score of 29.
All six units are occupied by existing tenants, with current rents in place at delivery. Garage space also produces rental income. Condominium ownership and HOA fees support a shared-maintenance structure, while the similar condition across the units may provide operational consistency. The property has a Walk Score of 30, a Bike Score of 29, and a Transit Score of 29.
Key Highlights
- Six condominium apartment units sold together: Units 4, 5, 6, 7, 8, and 11
- All 6 units are occupied with current tenants in place
- Each unit includes 1 bedroom, 1 full bathroom, and approximately 608 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,025
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$740,500
$740.5K
Cap Rate 7%
$528,929
$528.9K
Cap Rate 9%
$411,389
$411.4K
Market Conditions
NOI Build-Up for 3,648 SF
Gross rent
$72.2K $19.80/SF
− Vacancy
−$4.9K −$1.35/SF
EGI
$67.3K $18.45/SF
− OpEx
−$30.3K −$8.30/SF
NOI
$37.0K $10.15/SF
Area
Waterbury, CT
Vacancy
6.80%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$740,500
Cap Rate 7%
$528,929
Cap Rate 9%
$411,389
Alternative Uses
Best Use
Apartment 5plus
$528.9K
$462.8K – $617.1K
NOI $37,025 @ 7.0% cap · market cap 4.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$968.1K
$847.1K – $1.13M
NOI $67,765 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
6
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
517
Businesses Nearby
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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
$178,500
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Waterbury, CT
Properties on Market for Apartment buildings in Waterbury
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully leased condominium package with uniform one-bedroom layouts, private garages, and tenants retained at closing.
Where is this apartment building located?
The property is located at 379 Perkins Ave Waterbury, CT.
What is the asking price?
The asking price for this property is $780,000.
What are key features of this property?
This property features: Six condominium apartment units sold together: Units 4, 5, 6, 7, 8, and 11; All 6 units are occupied with current tenants in place; Each unit includes 1 bedroom, 1 full bathroom, and approximately 608 square feet
