Two-Building Six-Unit Apartment
38 Green Street Waterbury, CT 06708
38 Green Street, Waterbury, CT, 06708
$775,000
For Sale
$775,000
Two buildings totaling six residential units, each with 2 bedrooms and 1 full bathroom, with off-street parking.
Property Size5,200 SF
Price / SF$149.04
Days on Market83
Property Features for 38 Green Street
General Information
- Standard status
- Active
- Size
- 5,200 SF
- Property subtype
- Multi-Family / 5 Family+
Building Details
- Year Built
- 1900
Listing agency
Brass Moon Realty
(917) 974-6356
Listed by
Ben M Weinberg · License #RES.0813934
(917) 974-6356
Source
Compass
Added: Apr 30 Updated: Jul 20 at 8:27PM Checked: Jul 20 at 8:27PM
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 Brass Moon Realty
Investment Insights
Based on property information with market context.
This two-building apartment property includes a total of six residential units, with three units in each building. All units are described as renovated and feature 2 bedrooms and 1 full bathroom, with updated interiors and refreshed kitchens and bathrooms, along with functional layouts intended to support day-to-day livability.
The offering at 38 Green Street is described as including off-street parking for residents, an amenity intended to add convenience. The property is also presented as being conveniently located near local amenities, shopping, and major routes.
The property is being offered for sale as a residential income asset with rental potential across all six units.
The offering at 38 Green Street is described as including off-street parking for residents, an amenity intended to add convenience. The property is also presented as being conveniently located near local amenities, shopping, and major routes.
The property is being offered for sale as a residential income asset with rental potential across all six units.
Key Highlights
- Two‑building multi‑family on Green Street with 6 total residential units (3 units per building)
- All 6 units feature 2 bedrooms and 1 full bathroom each
- Updated/renovated interiors with refreshed kitchens and bathrooms across the units
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 | $103.0k | $19.80 |
| − Vacancy | −$7.0k | −$1.35 |
| EGI | $96.0k | $18.45 |
| − OpEx | −$43.2k | −$8.30 |
| NOI | $52.8k | $10.15 |
5,200 SF · lease $19.80/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$754.0K
$659.7K – $879.6K
NOI $52,777 @ 7.0% cap · market cap 6.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,595 @ 7.0% cap · market cap 12.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Two buildings totaling six residential units, each with 2 bedrooms and 1 full bathroom, with off-street parking.
Where is this apartment building located?
The property is located at 38 Green Street Waterbury, CT.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Two‑building multi‑family on Green Street with 6 total residential units (3 units per building); All 6 units feature 2 bedrooms and 1 full bathroom each; Updated/renovated interiors with refreshed kitchens and bathrooms across the units
