Turnkey High-Ranch
577 Columbia Blvd Extension Waterbury, CT 06704
577 Columbia Blvd Extension, Waterbury, CT, 06704
$459,900
For Sale
$459,900
Renovated right side offers open living and dining, a kitchen with stainless appliances, and adjacent half bath.
Property Size2,298 SF
Price / SF$200.13
Days on Market154
Property Features for 577 Columbia Blvd Extension
General Information
- Standard status
- Active
- Size
- 2,298 SF
- Property subtype
- Multi-Family / 2 Family
Building Details
- Year Built
- 1984
Listing agency
Mary Helen Levine Real Estate LLC
(203) 910-4823
Listed by
Mayer Behrend · License #RES.0802220
(203) 910-4823
Source
Compass
Added: Feb 18 Updated: Jul 22 at 1:37AM Checked: Jul 22 at 1:37AM
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 Mary Helen Levine Real Estate LLC
Investment Insights
Based on property information with market context.
Contemporary-style high-ranch duplex featuring two mirror-image units. The right-side unit has been completely renovated and presented in turnkey condition, with a fully equipped kitchen that includes stainless appliances and marble countertops. The open concept dining and living area is supported by a family or recreation room that can serve multiple uses, along with a convenient half bath adjacent to that space. Two decks provide outdoor areas, and the left unit is described as a mirror image.
The property is positioned for easy access to shopping, highways, parks, and other amenities, with the overall setting described as tucked away for privacy.
This duplex is listed for sale and may be suited to both owner-occupant and investment scenarios, with an additional note that the property is held by an LLC that includes a licensed real estate agent.
The property is positioned for easy access to shopping, highways, parks, and other amenities, with the overall setting described as tucked away for privacy.
This duplex is listed for sale and may be suited to both owner-occupant and investment scenarios, with an additional note that the property is held by an LLC that includes a licensed real estate agent.
Key Highlights
- High ranch duplex built in 1984
- Right side renovated with open concept dining and living room area
- Fully equipped kitchen with marble countertops and stainless appliances
Local Financial Insights For Multifamily LT 5
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 | $40.0k | $17.40 |
| − Vacancy | −$3.0k | −$1.31 |
| EGI | $37.0k | $16.10 |
| − OpEx | −$11.1k | −$4.83 |
| NOI | $25.9k | $11.27 |
2,298 SF · lease $17.40/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$369.9K
$323.6K – $431.5K
NOI $25,890 @ 7.0% cap · market cap 5.63%
Second Best
Apartment 5plus
$333.2K
$291.6K – $388.7K
NOI $23,324 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$609.8K
$533.6K – $711.5K
NOI $42,688 @ 7.0% cap · market cap 9.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Renovated right side offers open living and dining, a kitchen with stainless appliances, and adjacent half bath.
Where is this duplex located?
The property is located at 577 Columbia Blvd Extension Waterbury, CT.
What is the asking price?
The asking price for this property is $459,900.
What are key features of this property?
This property features: High ranch duplex built in 1984; Right side renovated with open concept dining and living room area; Fully equipped kitchen with marble countertops and stainless appliances
