Three-Family Income
46 Plaza Avenue Waterbury, CT 06710
For Sale
$475,000
Well-maintained three-unit home with in-unit laundry hookups, separate utilities, and updated electrical systems.
Property Size3,592 SF
Price / SF$132.24
Days on Market76
Property Features for 46 Plaza Avenue
General Information
- Standard status
- Active
- Size
- 3,592 SF
- Property subtype
- Multi-Family / 3 Family
Building Details
- Year Built
- 1911
Listing Agency:
Oxford Realty
(475) 313-5640
Listed By:
Steve Colon · License #RES.0823484
(475) 313-5640
Source:
Compass
Added: May 9
Changed: Jul 23
Last Checked: Jul 23 at 6:57AM
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 Oxford Realty
Investment Insights
Based on property information with market context.
This well-maintained three-family property offers three separate units totaling approximately 3,600 square feet. The configuration includes two 4-bedroom, 1-bath units and one 3-bedroom, 1-bath unit. Each unit includes laundry hookups.
Utilities are set up separately, with tenant-paid gas and electric. The heating system includes separate gas-fired hot water boilers for baseboard heat, and each unit has an individual 40-gallon electric hot water heater. The electrical system has been updated with separate 100-amp circuit breaker panels for each unit, plus an owner’s meter.
Additional improvements include a roof that is approximately 10 years old and vinyl replacement windows throughout.
Utilities are set up separately, with tenant-paid gas and electric. The heating system includes separate gas-fired hot water boilers for baseboard heat, and each unit has an individual 40-gallon electric hot water heater. The electrical system has been updated with separate 100-amp circuit breaker panels for each unit, plus an owner’s meter.
Additional improvements include a roof that is approximately 10 years old and vinyl replacement windows throughout.
Key Highlights
- Large 3‑family home with 3 separate units and a total of 3,600 SF
- Unit mix: two 4‑bedroom, 1‑bath units and one 3‑bedroom, 1‑bath unit
- In‑unit laundry hookups for all units
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 | $62.5k | $17.40 |
| − Vacancy | −$4.7k | −$1.31 |
| EGI | $57.8k | $16.10 |
| − OpEx | −$17.3k | −$4.83 |
| NOI | $40.5k | $11.27 |
3,592 SF · lease $17.40/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$578.1K
$505.9K – $674.5K
NOI $40,469 @ 7.0% cap · market cap 8.52%
Second Best
Apartment 5plus
$520.8K
$455.7K – $607.6K
NOI $36,457 @ 7.0% cap · market cap 7.68%
Theoretical Best
Office A
$953.2K
$834.1K – $1.11M
NOI $66,725 @ 7.0% cap · market cap 14.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Well-maintained three-unit home with in-unit laundry hookups, separate utilities, and updated electrical systems.
Where is this triplex located?
The property is located at 46 Plaza Avenue Waterbury, CT.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Large 3‑family home with 3 separate units and a total of 3,600 SF; Unit mix: two 4‑bedroom, 1‑bath units and one 3‑bedroom, 1‑bath unit; In‑unit laundry hookups for all units
