Building Details

Year Built 1894

Listing Agency: New England Realty Assoc LLC N***@gmail.com Show Phone

Listed By: Richard Tirado · License #RES.0790695 Show Phone

Source: Lockandkeyre

Added: Aug 15 Changed: Oct 13 Last Checked: Oct 15 at 1:13AM

Report an Issue

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.

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 / Yr

$20,989

Cap Rate

7.52%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $20,989 @ 7.0% cap · market cap 7.52%

Second Best

Apartment 5plus

$270.1K

$236.4K – $315.1K (±1% cap)

NOI $18,908 @ 7.0% cap · market cap 6.78%

Theoretical Best

Office A

$494.4K

$432.6K – $576.8K (±1% cap)

NOI $34,607 @ 7.0% cap · market cap 12.40%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Storage Facility Catering Service Acupuncture Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Two-Unit Duplex with Separate Living Spaces

48 Taylor St, Waterbury, CT 06702

$295,000

2,018 SF

View details

Updated Two-Family Residential

11 Cossett Street, Waterbury, CT 06704

$365,000

1,804 SF

View details

Renovated Two-Unit Duplex

33 Congress Avenue, Waterbury, CT 06708

$389,000

1,824 SF

View details

Vacant Two-Unit Duplex

360 Pine, Waterbury, CT 06704

$275,000

1,576 SF

View details

Two-Unit Duplex with Garage

11 Martin St, Waterbury, CT 06706

$299,900

View details

Two-Family Home with Basement Access

106 Edin Ave, Waterbury, CT 06706

$369,000

2,184 SF

View details

Remodeled Duplex with Finished Attic

52 Wilson St, Waterbury, CT 06708

$528,300

2,015 SF

View details

Two-Unit Duplex Property

80 Niagara St, Waterbury, CT 06702

$399,900

1,556 SF

View details

Two-Family Residential Income Property

917 Cooke St, Waterbury, CT 06704

$379,999

2,340 SF

View details

Duplex with Hardwood Floors

138 Danielle, Waterbury, CT 06704

$449,900

1,488 SF

View details

Duplex with Shared Driveway

129 Wall Street, Waterbury, CT 06705

$209,000

1,340 SF

View details

Two-Unit Duplex with Basement Laundry

20 Venice Avenue, Waterbury, CT 06708

$475,000

2,400 SF

View details

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 Waterbury, CT.

What is the asking price?

The asking price for this property is $279,000.

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