Side-by-Side Duplex with Private
46 Horseshoe Drive Waterbury, CT 06706
46 Horseshoe Drive, Waterbury, CT, 06706
$399,999
For Sale
$399,999
Original-owner side-by-side duplex features two mirrored 3-bedroom layouts, private entrances, and finished walk-out lower levels.
Property Size3,528 SF
Price / SF$113.38
Days on Market89
Property Features for 46 Horseshoe Drive
General Information
- Standard status
- Active
- Size
- 3,528 SF
- Property subtype
- Multi-Family / 2 Family
Building Details
- Year Built
- 1975
Listing agency
Coldwell Banker Realty
(860) 921-7411
Listed by
Raeann Cost · License #RES.0776512
(860) 921-7411
Source
Compass
Added: Apr 24 Updated: Jul 20 at 7:06PM Checked: Jul 21 at 8:41AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
46 Horseshoe Drive is an original-owner side-by-side duplex with a classic colonial feel. Each unit mirrors the other with three bedrooms, 1.5 bathrooms, and an open kitchen/dining area. Private entrances help each side operate independently, and finished walk-out lower levels expand usable living space, offering flexibility for recreation, home offices, or storage.
The elevated setting provides sweeping, panoramic views. The property also includes dedicated driveways for each side, with one unit featuring a private deck. The duplex sits in an established, quiet neighborhood of mainly single-family homes, with easy access to bus lines and nearby shopping, dining, and everyday conveniences.
With generous layouts and a private yard, the property is configured as a two-family home while maintaining the feel of a single-family residence.
The elevated setting provides sweeping, panoramic views. The property also includes dedicated driveways for each side, with one unit featuring a private deck. The duplex sits in an established, quiet neighborhood of mainly single-family homes, with easy access to bus lines and nearby shopping, dining, and everyday conveniences.
With generous layouts and a private yard, the property is configured as a two-family home while maintaining the feel of a single-family residence.
Key Highlights
- Original‑owner side‑by‑side duplex built in 1975 with two mirrored 3‑bedroom unit layouts
- Each unit has 3 BR, 1.5 BA, and an open‑concept kitchen/dining area, with private entrances for each side
- Finished walk‑out lower level (LL) adds extra flexible living space for recreation, home offices, or storage
Local Financial Insights For Apartment 5plus
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 | $69.9k | $19.80 |
| − Vacancy | −$4.8k | −$1.35 |
| EGI | $65.1k | $18.45 |
| − OpEx | −$29.3k | −$8.30 |
| NOI | $35.8k | $10.15 |
3,528 SF · lease $19.80/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$567.8K
$496.9K – $662.5K
NOI $39,748 @ 7.0% cap · market cap 9.94%
Second Best
Apartment 5plus
$511.5K
$447.6K – $596.8K
NOI $35,807 @ 7.0% cap · market cap 8.95%
Theoretical Best
Office A
$936.2K
$819.2K – $1.09M
NOI $65,536 @ 7.0% cap · market cap 16.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Original-owner side-by-side duplex features two mirrored 3-bedroom layouts, private entrances, and finished walk-out lower levels.
Where is this duplex located?
The property is located at 46 Horseshoe Drive Waterbury, CT.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: Original‑owner side‑by‑side duplex built in 1975 with two mirrored 3‑bedroom unit layouts; Each unit has 3 BR, 1.5 BA, and an open‑concept kitchen/dining area, with private entrances for each side; Finished walk‑out lower level (LL) adds extra flexible living space for recreation, home offices, or storage
