Four-Unit Property with Detached
455 Congress Avenue, Waterbury, CT 06708
For Sale
$550,000
Pending
Multi-Family For Sale, Units on different Floors,3updown - Unit(s) per Floor, Waterbury, CT
Property Size3,862 SF
Lot Size0.23 Acres
Days on Market98
Property Features for 455 Congress Avenue
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Patio and Porch features
Exterior features
Basement
Lot features
Elementary school
High school
Directions
Subdivision
Standard status
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Water source
Amenities
off-street parking
detached garage
Building Details
Year built
Architectural style
Buildings
Listing Agency:
Ghent Realty Advisors
(203) 597-1077
Listed By:
Robert Ghent · License #REB.0790043
(203) 543-2847
Added: Aug 4
Changed: Oct 26
Last Checked: Nov 9 at 4:06AM
MLS# 24195977
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-unit multifamily property at 455 Congress Avenue includes three two-bedroom, one-bath apartments and one one-bedroom, one-bath apartment. Built in 1921, the building offers approximately 3,862 square feet of living area, with a porch, patio, off-street parking, and a detached garage. Heating is provided by a hot water system.
The property is in Waterbury, CT, within the 06708 ZIP code and New Haven County. It is served by public water and public sewer and carries RM zoning. The parcel contains 0.23 acres, providing a compact residential setting for the existing apartment configuration.
The property is in Waterbury, CT, within the 06708 ZIP code and New Haven County. It is served by public water and public sewer and carries RM zoning. The parcel contains 0.23 acres, providing a compact residential setting for the existing apartment configuration.
Key Highlights
- Four‑unit multifamily property with three 2‑bedroom, 1‑bath apartments and one 1‑bedroom, 1‑bath apartment
- Approximately 3,862 square feet on a 0.23‑acre parcel
- Detached garage and off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,511
Cap Rate
7.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$870,220
$870.2K
Cap Rate 7%
$621,586
$621.6K
Cap Rate 9%
$483,456
$483.5K
Market Conditions
NOI Build-Up for 3,862 SF
Gross rent
$67.2K $17.40/SF
− Vacancy
−$5.0K −$1.31/SF
EGI
$62.2K $16.10/SF
− OpEx
−$18.6K −$4.83/SF
NOI
$43.5K $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%
$870,220
Cap Rate 7%
$621,586
Cap Rate 9%
$483,456
Alternative Uses
Best Use
Multifamily LT 5
$621.6K
$543.9K – $725.2K
NOI $43,511 @ 7.0% cap · market cap 7.91%
Second Best
Apartment 5plus
$560.0K
$490.0K – $653.3K
NOI $39,197 @ 7.0% cap · market cap 7.13%
Theoretical Best
Office A
$1.02M
$896.8K – $1.20M
NOI $71,741 @ 7.0% cap · market cap 13.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
543
Businesses Nearby
Explore this area
Business Placement
Demographics for 06708, CT
30,345
Population
13,061
Households
2.3
Avg Household Size
38
Median Age
22%
College-Educated
84%
High-School Grad
9.4 sq mi
ZIP Area
3,228
Density / Sq Mi
$63,705
Median Household Income
$40,515
Median Earnings
$1,275
Median Rent
$196,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Quadplexes in New Haven County, CT
Properties on Market for Quadplexes in New Haven County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Four apartments with varied bedroom layouts, off-street parking, and a detached garage on a 0.23-acre lot.
Where is this quadplex located?
The property is located at 455 Congress Avenue Waterbury, CT.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Four‑unit multifamily property with three 2‑bedroom, 1‑bath apartments and one 1‑bedroom, 1‑bath apartment; Approximately 3,862 square feet on a 0.23‑acre parcel; Detached garage and off‑street parking
