Victorian Multifamily with Rental
484 Waterville St, Waterbury, CT 06710
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Spacious Victorian multifamily with large units and strong rental appeal.
Type:Multifamily
Property size:
4,074 SFPrice / SF:
$120/SF- Added:
- Jan 24, 2026
- Days on Market:
- 129
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 484 Waterville St
General Information
- Standard status
- Active
- Size
- 4,074 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1898
Listing agent Amanda Faroni-Sheehan License #REB.0793328 CT
Listing office OXFORD REALTY (203) 314-4219
Listing date Jan 24, 2026
Source Crexi
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
HighLights
- Strong rental appeal with large units and practical floor plans suited for long‑term occupancy.
- Tenants pay their own utilities, leading to predictable operating expenses.
- Off‑street parking and a large yard provide valuable tenant amenities.
- Convenient location near shopping, public transportation, and major routes.
- Generously sized apartments with abundant natural light.
- Classic Victorian architectural charm.
Overview
This well-maintained Victorian multifamily property features generously sized apartments with classic architectural charm and strong rental appeal. The property offers large units with numerous windows that bring in abundant natural light. Each unit includes substantial living areas, large bedrooms, laundry hook-ups, and practical floor plans suited for long-term occupancy. Tenants are responsible for their own utilities. Exterior features include a large yard, providing valuable outdoor space for tenants, along with off-street parking for added convenience. The property is situated in a convenient location close to shopping, public transportation, and major routes. The property size is 4074 square feet.
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 | $80.7k | $19.80 |
| − Vacancy | −$5.5k | −$1.35 |
| EGI | $75.2k | $18.45 |
| − OpEx | −$33.8k | −$8.30 |
| NOI | $41.3k | $10.15 |
4,074 SF · lease $19.80/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$590.7K
$516.9K – $689.2K
NOI $41,349 @ 7.0% cap · market cap 8.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.08M
$946.0K – $1.26M
NOI $75,679 @ 7.0% cap · market cap 15.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Multifamily properties
Location Insight
- Map
- Local Demand
- City
- Waterbury
- County
- New Haven
- State
- Connecticut
- Longitude
- -73.0504897
- Latitude
- 41.5719282
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - Spacious Victorian multifamily with large units and strong rental appeal.
Where is this multifamily property located?
The property is located at 484 Waterville St Waterbury, CT.
What is the asking price?
The asking price for this property is $489,900.
What are key features of this property?
This property features: Strong rental appeal with large units and practical floor plans suited for long‑term occupancy.; Tenants pay their own utilities, leading to predictable operating expenses.; Off‑street parking and a large yard provide valuable tenant amenities.
