Renovated Multifamily
For Sale
$559,999
601 Washington Ave, Waterbury, CT 06708
Renovated units in a walkable setting near transportation, shopping, restaurants, and highways.
Property Size3,192 SF
Price / SF$175.44
Days on Market93
Property Features for 601 Washington Ave
General Information
Standard status
Active
Size
3,192 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Building Details
Year Built
1916
Listing Agency:
Larracuente & Johnson Realty, LLC
Listed By:
Michael Nembhard (203) 243-0598 (203) 366-7355 · License #RES.0761192
(203) 366-7355
Source:
Fairfieldcounty-properties
Added: Jul 15
Changed: Oct 1
Last Checked: Oct 14 at 11:24PM
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 Larracuente & Johnson Realty, LLC
Investment Insights
Based on property information with market context.
Located at 601 Washington Ave in Waterbury, Connecticut, this multifamily property was built in 1916 and includes renovated units throughout. The updates provide a refreshed residential offering within an established neighborhood setting.
The property is positioned near transportation, shopping, restaurants, and highway access. Walk Score is 72, indicating a very walkable location, while Transit Score is 39 and Bike Score is 37.
The property is positioned near transportation, shopping, restaurants, and highway access. Walk Score is 72, indicating a very walkable location, while Transit Score is 39 and Bike Score is 37.
Key Highlights
- All units have been renovated
- Built in 1916
- Walk Score: 72
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,397
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$647,940
$647.9K
Cap Rate 7%
$462,814
$462.8K
Cap Rate 9%
$359,967
$360.0K
Market Conditions
NOI Build-Up for 3,192 SF
Gross rent
$63.2K $19.80/SF
− Vacancy
−$4.3K −$1.35/SF
EGI
$58.9K $18.45/SF
− OpEx
−$26.5K −$8.30/SF
NOI
$32.4K $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%
$647,940
Cap Rate 7%
$462,814
Cap Rate 9%
$359,967
Alternative Uses
Best Use
Apartment 5plus
$462.8K
$405.0K – $540.0K
NOI $32,397 @ 7.0% cap · market cap 5.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$847.1K
$741.2K – $988.3K
NOI $59,295 @ 7.0% cap · market cap 10.59%
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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
525
Businesses Nearby
Explore this area
Business Placement
Demographics for 06708, CT
30,345
Population
13,061
Households
2.3
Avg Household Size
38
Median Age
22%
College-Educated
84%
High-School Grad
9.4 sq mi
ZIP Area
3,228
Density / Sq Mi
$63,705
Median Household Income
$40,515
Median Earnings
$1,275
Median Rent
$196,700
Median Home Value
Check the figures for this property
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 - Renovated units in a walkable setting near transportation, shopping, restaurants, and highways.
Where is this multifamily property located?
The property is located at 601 Washington Ave Waterbury, CT.
What is the asking price?
The asking price for this property is $559,999.
What are key features of this property?
This property features: All units have been renovated; Built in 1916; Walk Score: 72
