Two-Family Residential Income
398 Bucks Hill Road Waterbury, CT 06704
398 Bucks Hill Road, Waterbury, CT, 06704
$349,900
For Sale
$349,900
Two separate 2-bedroom units with off-street parking offer rental income potential in Waterbury’s Bucks Hill area.
Property Size1,728 SF
Price / SF$202.49
Days on Market52
Property Features for 398 Bucks Hill Road
General Information
- Standard status
- Active
- Size
- 1,728 SF
- Property subtype
- 2 Family
Building Details
- Year Built
- 1910
Listing Agency
West View Properties, LLC
(203) 217-3711
Listed by
Kara Reynolds
(203) 217-3711
Source
Lockandkeyre
Added: May 29 Checked: Jul 19 at 4:44 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 West View Properties, LLC
Investment Insights
Based on property information with market context.
This two-family residential income property at 398 Bucks Hill Road features two separate living spaces, each with two bedrooms and one bathroom. The setup is well-suited for an owner-occupant who wants rental income, as well as for investors seeking a straightforward duplex-style layout. Additional outdoor space and a yard provide room for everyday enjoyment, and the home includes ample off-street parking.
Located in Waterbury’s Bucks Hill neighborhood, the property is described as conveniently positioned near schools, shopping, public transportation, and major commuter routes. That combination of daily amenities and access to commuter corridors can be important for both tenant stability and long-term livability.
From a practical investment standpoint, the property’s duplex configuration supports diversified household income within a single asset, with separate units designed for day-to-day privacy. For buyers looking to offset housing costs, this two-family plan offers the ability to live in one unit and rent the other, while investors can evaluate it as a turn-key income opportunity with upside potential.
Located in Waterbury’s Bucks Hill neighborhood, the property is described as conveniently positioned near schools, shopping, public transportation, and major commuter routes. That combination of daily amenities and access to commuter corridors can be important for both tenant stability and long-term livability.
From a practical investment standpoint, the property’s duplex configuration supports diversified household income within a single asset, with separate units designed for day-to-day privacy. For buyers looking to offset housing costs, this two-family plan offers the ability to live in one unit and rent the other, while investors can evaluate it as a turn-key income opportunity with upside potential.
Key Highlights
- Two‑family home in Waterbury’s Bucks Hill neighborhood
- Two separate units: each offers 2 bedrooms and 1 bath
- Approximately 1,728 SF of total living space
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 | $30.1k | $17.40 |
| − Vacancy | −$2.3k | −$1.31 |
| EGI | $27.8k | $16.10 |
| − OpEx | −$8.3k | −$4.83 |
| NOI | $19.5k | $11.27 |
1,728 SF · lease $17.40/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$278.1K
$243.4K – $324.5K
NOI $19,469 @ 7.0% cap · market cap 5.56%
Second Best
Apartment 5plus
$250.5K
$219.2K – $292.3K
NOI $17,538 @ 7.0% cap · market cap 5.01%
Theoretical Best
Office A
$458.6K
$401.2K – $535.0K
NOI $32,099 @ 7.0% cap · market cap 9.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Henry's Roofing & Siding
Roofing Company
Henrys construction & Remodeling
Construction Company
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two separate 2-bedroom units with off-street parking offer rental income potential in Waterbury’s Bucks Hill area.
Where is this duplex located?
The property is located at 398 Bucks Hill Road Waterbury, CT.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Two‑family home in Waterbury’s Bucks Hill neighborhood; Two separate units: each offers 2 bedrooms and 1 bath; Approximately 1,728 SF of total living space
