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    Waterbury Two-Family Investment Opportunity

    398 Bucks Hill Road Waterbury, CT 06704

    Picture of Duplexes at 398 Bucks Hill Road, Waterbury, CT
    398 Bucks Hill Road, Waterbury, CT, 06704
    $349,900
    For Sale
    Claim this Listing
    $349,900

    MULTI_FAMILY - Waterbury, CT

    Property Size1,728 SF
    Lot Size0.28 Acres
    Price / SF$202.49
    AddedMay 31
    Days on Market46
    Last RefreshJul 15 at 8:06 pm

    Property Features for 398 Bucks Hill Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    RS-12
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 4, Bathroom 2, Basement
    Basement
    Unfinished, Full
    Standard status
    Active
    Size
    1,728 SF
    Lot size
    0.28 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    5485

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Hot Water(Heating)
    Water source
    Public

    Building Details

    Year built
    1910
    Architectural style
    Other

    Listing agent Kara Reynolds

    Listing office West View Properties, LLC 1400 Main Street, Unit 3, Watertown, CT

    Listing date May 31, 2026

    MLS# 24179425 Listing URL

    Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Investment Insights

    Based on property information with market context.

    Located in Waterbury's Bucks Hill neighborhood, this two-family property presents an opportunity for both owner-occupants and investors. The property features two 2-bedroom, 1-bath units with separate living spaces. The building provides approximately 1,728 square feet of living space. There is ample off-street parking and a yard. The property is conveniently located near schools, shopping, public transportation, and major commuter routes. This income-producing property has strong upside potential.

    Key Highlights

    • Two‑family home on Bucks Hill Road with two separate 2‑bedroom, 1‑bath units
    • Approximately 1,728 SF of living space with basement
    • Public water and public sewer

    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 (±1% cap)
    NOI $19,469 @ 7.0% cap · market cap 5.56%
    Second Best
    Apartment 5plus
    $250.5K
    $219.2K – $292.3K (±1% cap)
    NOI $17,538 @ 7.0% cap · market cap 5.01%
    Theoretical Best
    Office A
    $458.6K
    $401.2K – $535.0K (±1% cap)
    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

    Suggested Use

    Law Firm Restaurant Building Supply Hair Salon HVAC Service Big Box & Wholesale Store Gym & Fitness Center Daycare Center (Bike/Boat/Book/etc) Store Barber Shop

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Duplex - Two-family property in Waterbury's Bucks Hill neighborhood.
    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 on Bucks Hill Road with two separate 2‑bedroom, 1‑bath units; Approximately 1,728 SF of living space with basement; Public water and public sewer
    Contact an agent
    (203) 217-3711
    We can help!
    Contact an agent
    Kara Reynolds
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