Turn-Key Duplex with Corner
429 Washington Avenue Waterbury, CT 06708
For Sale
$350,000
Recently updated duplex on a visible corner lot with a newer roof, vinyl siding, and upgraded 200-amp electrical service.
Property Size1,950 SF
Price / SF$179.49
Days on Market159
Property Features for 429 Washington Avenue
General Information
- Standard status
- Active
- Size
- 1,950 SF
- Property subtype
- Multi-Family / 2 Family
Building Details
- Year Built
- 1884
Listing Agency:
Tesla Realty Group LLC
(914) 387-2242
Listed By:
Jonathan Santos · License #RES.0823095
(914) 387-2242
Source:
Compass
Added: Feb 15
Changed: Jul 23
Last Checked: Jul 23 at 12:38PM
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 Tesla Realty Group LLC
Investment Insights
Based on property information with market context.
This turn-key duplex features exterior and infrastructure updates including a newer roof, vinyl siding, and a recently upgraded 200-amp electrical system. The interiors have been refreshed as well, with the first-floor unit offering a new kitchen and updated bathrooms designed for comfortable day-to-day living.
The property sits on a visible corner lot, providing straightforward street presence for both tenants and owners.
As a residential income property, it is configured as a two-unit setup that can support an owner-occupant arrangement or be operated as a rental property.
The property sits on a visible corner lot, providing straightforward street presence for both tenants and owners.
As a residential income property, it is configured as a two-unit setup that can support an owner-occupant arrangement or be operated as a rental property.
Key Highlights
- Recently updated duplex on a visible corner lot at 429 Washington Avenue
- Newer roof and vinyl siding
- Upgraded 200‑amp electrical system
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 | $33.9k | $17.40 |
| − Vacancy | −$2.5k | −$1.31 |
| EGI | $31.4k | $16.10 |
| − OpEx | −$9.4k | −$4.83 |
| NOI | $22.0k | $11.27 |
1,950 SF · lease $17.40/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$313.9K
$274.6K – $366.2K
NOI $21,970 @ 7.0% cap · market cap 6.28%
Second Best
Apartment 5plus
$282.7K
$247.4K – $329.9K
NOI $19,791 @ 7.0% cap · market cap 5.65%
Theoretical Best
Office A
$517.5K
$452.8K – $603.7K
NOI $36,223 @ 7.0% cap · market cap 10.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Recently updated duplex on a visible corner lot with a newer roof, vinyl siding, and upgraded 200-amp electrical service.
Where is this duplex located?
The property is located at 429 Washington Avenue Waterbury, CT.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Recently updated duplex on a visible corner lot at 429 Washington Avenue; Newer roof and vinyl siding; Upgraded 200‑amp electrical system
