Duplex With Walk-Out
New
For Sale
$299,900
50 Ash Street, Waterbury, CT 06704
Two electrical meters and two gas meters support separately metered utilities.
Property Size1,863 SF
Price / SF$160.98
Days on Market6
Property Features for 50 Ash Street
General Information
Standard status
Active
Size
1,863 SF
Property subtype
2 Family
Additional Details
Utilities to Site
Yes
Amenities
laundry room
backyard
Building Details
Year Built
1894
Listing Agency:
New England Realty Assoc LLC
(203) 715-1676
Listed By:
Richard Tirado
(203) 715-1676
Source:
Lockandkeyre
Added: Aug 15
Changed: Aug 20
Last Checked: Aug 20 at 4:33AM
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 New England Realty Assoc LLC
Investment Insights
Based on property information with market context.
This 1,863-square-foot duplex, built in 1894, includes an updated open-concept apartment with walk-out basement access and a first-floor unit occupied by long-term tenants. The property also features a laundry room, newer vinyl windows, off-street parking, and an attic that may support additional first-floor living area or storage, subject to applicable requirements.
Separate utility infrastructure includes two electrical meters and two gas meters. The spacious backyard provides outdoor area for gardening, recreation, entertaining, or personal use. The property is being offered as-is, with inspections limited to informational purposes.
Separate utility infrastructure includes two electrical meters and two gas meters. The spacious backyard provides outdoor area for gardening, recreation, entertaining, or personal use. The property is being offered as-is, with inspections limited to informational purposes.
Key Highlights
- 1,863‑square‑foot duplex built in 1894
- Updated open‑concept walk‑out basement apartment
- First‑floor unit occupied by long‑term tenants
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
$20,989
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
7.00%
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%
$419,780
$419.8K
Cap Rate 7%
$299,843
$299.8K
Cap Rate 9%
$233,211
$233.2K
Market Conditions
NOI Build-Up for 1,863 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
$32.4K $17.40/SF
− Vacancy
−$2.4K −$1.31/SF
EGI
$30.0K $16.10/SF
− OpEx
−$9.0K −$4.83/SF
NOI
$21.0K $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%
$419,780
Cap Rate 7%
$299,843
Cap Rate 9%
$233,211
Alternative Uses
Best Use
Multifamily LT 5
$299.8K
$262.4K – $349.8K
NOI $20,989 @ 7.0% cap · market cap 7.00%
Second Best
Apartment 5plus
$270.1K
$236.4K – $315.1K
NOI $18,908 @ 7.0% cap · market cap 6.30%
Theoretical Best
Office A
$494.4K
$432.6K – $576.8K
NOI $34,607 @ 7.0% cap · market cap 11.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
826
Businesses Nearby
Explore this area
Business Placement
Demographics for 06704, CT
27,300
Population
12,987
Households
2.1
Avg Household Size
34
Median Age
14%
College-Educated
78%
High-School Grad
8.1 sq mi
ZIP Area
3,370
Density / Sq Mi
$47,848
Median Household Income
$33,090
Median Earnings
$1,202
Median Rent
$178,500
Median Home Value
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 electrical meters and two gas meters support separately metered utilities.
Where is this duplex located?
The property is located at 50 Ash Street Waterbury, CT.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 1,863‑square‑foot duplex built in 1894; Updated open‑concept walk‑out basement apartment; First‑floor unit occupied by long‑term tenants
