Two-Unit Duplex with Separate Living
For Sale
$295,000
48 Taylor St, Waterbury, CT 06702
Two-family property with independent living areas and renovation needs in Waterbury.
Property Size2,018 SF
Price / SF$146.18
Days on Market24
Property Features for 48 Taylor St
General Information
Standard status
Active
Size
2,018 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
requires repairs and updates
Additional Details
Multifamily Units
2
Building Details
Year Built
1891
Listing Agency:
Brass Moon Realty
(203) 724-7127
Listed By:
Levi Judqin · License #REB.0791859
Source:
Themialeteam
Added: Aug 8
Changed: Aug 29
Last Checked: Aug 30 at 8:28PM
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 Brass Moon Realty
Investment Insights
Based on property information with market context.
This two-family duplex at 48 Taylor St in Waterbury, Connecticut, offers separate living spaces within a residential income property built in 1891. The building requires repairs and updates and is being offered in as-is condition, allowing the next owner to undertake improvements based on their plans.
The property is situated near local amenities, shopping, schools, and major routes. Its two-unit configuration supports distinct household living arrangements and provides a straightforward layout for continued residential use.
The property is situated near local amenities, shopping, schools, and major routes. Its two-unit configuration supports distinct household living arrangements and provides a straightforward layout for continued residential use.
Key Highlights
- Two‑family duplex with separate living spaces
- Built in 1891
- Repairs and updates required
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,736
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.71%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$454,720
$454.7K
Cap Rate 7%
$324,800
$324.8K
Cap Rate 9%
$252,622
$252.6K
Market Conditions
NOI Build-Up for 2,018 SF
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.
Gross rent
$35.1K $17.40/SF
− Vacancy
−$2.6K −$1.31/SF
EGI
$32.5K $16.10/SF
− OpEx
−$9.7K −$4.83/SF
NOI
$22.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$454,720
Cap Rate 7%
$324,800
Cap Rate 9%
$252,622
Alternative Uses
Best Use
Multifamily LT 5
$324.8K
$284.2K – $378.9K
NOI $22,736 @ 7.0% cap · market cap 7.71%
Second Best
Apartment 5plus
$292.6K
$256.0K – $341.4K
NOI $20,482 @ 7.0% cap · market cap 6.94%
Theoretical Best
Office A
$535.5K
$468.6K – $624.8K
NOI $37,486 @ 7.0% cap · market cap 12.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,762
Businesses Nearby
Explore this area
Business Placement
Demographics for 06702, CT
3,882
Population
1,910
Households
2
Avg Household Size
45
Median Age
8%
College-Educated
69%
High-School Grad
0.7 sq mi
ZIP Area
5,546
Density / Sq Mi
$16,198
Median Household Income
$15,833
Median Earnings
$720
Median Rent
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family property with independent living areas and renovation needs in Waterbury.
Where is this duplex located?
The property is located at 48 Taylor St Waterbury, CT.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Two‑family duplex with separate living spaces; Built in 1891; Repairs and updates required
