Triplex with Two-Car
For Sale
$374,999
Pending
38 Ives, Waterbury, CT 06704
Three residential units offer separate utilities, off-street parking, basement storage, and outdoor space.
Property Size3,042 SF
Days on Market58
Property Features for 38 Ives
General Information
Standard status
Pending
Size
3,042 SF
Property subtype
3 Family
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Amenities
private patio with garden area
additional storage in basement
Building Details
Year Built
1917
Listing Agency:
Century 21 Scala Group
(203) 374-9451
Listed By:
Martha Torres · License #RES.0813297
(203) 736-6088
Source:
Lockandkeyre
Added: Aug 19
Changed: Oct 15
Last Checked: Oct 14 at 11:55PM
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 Century 21 Scala Group
Investment Insights
Based on property information with market context.
This Waterbury triplex contains three residential units, each arranged with two bedrooms, a living room, kitchen, and bathroom. Separate utility services serve the apartments. The property also includes a garage for two vehicles, off-street parking, a private patio with garden area, and basement storage.
Located at 38 Ives St, the property is within one mile of Brass Mill Shopping Center, downtown Waterbury, and Waterbury Hospital. Built in 1917, the building offers a multi-unit configuration with amenities that support both residential occupancy and property management.
Located at 38 Ives St, the property is within one mile of Brass Mill Shopping Center, downtown Waterbury, and Waterbury Hospital. Built in 1917, the building offers a multi-unit configuration with amenities that support both residential occupancy and property management.
Key Highlights
- Three‑unit residential property with 2 bedrooms, living room, kitchen, and bath in each unit
- Separate utilities for each unit
- Garage for 2 cars plus ample off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,273
Cap Rate
9.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$685,460
$685.5K
Cap Rate 7%
$489,614
$489.6K
Cap Rate 9%
$380,811
$380.8K
Market Conditions
NOI Build-Up for 3,042 SF
Gross rent
$52.9K $17.40/SF
− Vacancy
−$4.0K −$1.31/SF
EGI
$49.0K $16.10/SF
− OpEx
−$14.7K −$4.83/SF
NOI
$34.3K $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%
$685,460
Cap Rate 7%
$489,614
Cap Rate 9%
$380,811
Alternative Uses
Best Use
Multifamily LT 5
$489.6K
$428.4K – $571.2K
NOI $34,273 @ 7.0% cap · market cap 9.14%
Second Best
Apartment 5plus
$441.1K
$385.9K – $514.6K
NOI $30,875 @ 7.0% cap · market cap 8.23%
Theoretical Best
Office A
$807.3K
$706.4K – $941.8K
NOI $56,508 @ 7.0% cap · market cap 15.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,438
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
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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?
Triplex - Three residential units offer separate utilities, off-street parking, basement storage, and outdoor space.
Where is this triplex located?
The property is located at 38 Ives Waterbury, CT.
What is the asking price?
The asking price for this property is $374,999.
What are key features of this property?
This property features: Three‑unit residential property with 2 bedrooms, living room, kitchen, and bath in each unit; Separate utilities for each unit; Garage for 2 cars plus ample off‑street parking
