Multifamily Property with Basement
For Sale
$279,000
50 Ash Street, Waterbury, CT 06704
Multi-Family For Sale, Units on different Floors, Waterbury, CT
Property Size1,863 SF
Lot Size0.18 Acres
Price / SF$149.76
Days on Market62
Property Features for 50 Ash Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RL
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2, Basement, Bedroom 3
Basement
Full
Lot features
City Views, Sloping Lot
Elementary school
Per Board of Ed
High school
Per Board of Ed
Directions
Oak St to Ash St. - Accurate GPS
Subdivision
East End
Standard status
Active
Size
1,863 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2027
Tax Annual Amount
3185
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
laundry room
off-street parking
Building Details
Year built
1894
Architectural style
Other
Listing Agency:
New England Realty Assoc LLC
(203) 774-4800
Listed By:
Richard Tirado · License #RES.0790695
(203) 715-1676
Added: Aug 15
Changed: Oct 11
Last Checked: Oct 15 at 8:06AM
MLS# 24199557
Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multifamily property contains 1,863 square feet on a 0.18-acre lot and was built in 1894. The walk-out basement apartment has been fully updated with an open-concept layout, while the first-floor residence is occupied by long-term tenants. Four bedrooms and two bathrooms are identified, along with an attic that can provide storage or support future expansion of the first-floor living area.
Additional features include a laundry room, newer vinyl windows, off-street parking, and separate utility systems with two electrical meters and two gas meters. The property also includes a spacious backyard, public water, and public sewer. Zoning is RL. The sale is offered as-is, with inspections limited to informational purposes.
Additional features include a laundry room, newer vinyl windows, off-street parking, and separate utility systems with two electrical meters and two gas meters. The property also includes a spacious backyard, public water, and public sewer. Zoning is RL. The sale is offered as-is, with inspections limited to informational purposes.
Key Highlights
- 1,863‑square‑foot multifamily property on a 0.18‑acre lot
- Fully updated open‑concept walk‑out basement apartment
- First‑floor residence is occupied by long‑term tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,908
Cap Rate
6.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$378,160
$378.2K
Cap Rate 7%
$270,114
$270.1K
Cap Rate 9%
$210,089
$210.1K
Market Conditions
NOI Build-Up for 1,863 SF
Gross rent
$36.9K $19.80/SF
− Vacancy
−$2.5K −$1.35/SF
EGI
$34.4K $18.45/SF
− OpEx
−$15.5K −$8.30/SF
NOI
$18.9K $10.15/SF
Area
Waterbury, CT
Vacancy
6.80%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$378,160
Cap Rate 7%
$270,114
Cap Rate 9%
$210,089
Alternative Uses
Best Use
Apartment 5plus
$270.1K
$236.4K – $315.1K
NOI $18,908 @ 7.0% cap · market cap 6.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$494.4K
$432.6K – $576.8K
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
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Current Use
Lease Details
2
Residential units
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Updated walk-out living space, separate utilities, off-street parking, and a backyard complement the existing rental setup.
Where is this multifamily property located?
The property is located at 50 Ash Street 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 multifamily property on a 0.18‑acre lot; Fully updated open‑concept walk‑out basement apartment; First‑floor residence is occupied by long‑term tenants
