Three-Family Residential
For Sale
$450,000
Pending
61 Idylwood Avenue, Waterbury, CT 06705
Multi-Family For Sale, 3updown - Unit(s) per Floor, Waterbury, CT
Property Size3,443 SF
Lot Size0.17 Acres
Days on Market66
Property Features for 61 Idylwood Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 4, Bathroom 1, Basement, Bathroom 2, Bedroom 1, Bedroom 5, Bedroom 8, Bedroom 6, Bathroom 4, Bathroom 3, Bedroom 2, Bedroom 7
Patio and Porch features
Porch
Exterior features
Porch
Basement
Unfinished, Full
Lot features
Level Lot
Elementary school
Per Board of Ed
High school
Per Board of Ed
Directions
East Main St. to Idylwood. Across from Hamilton Park.
Standard status
Pending
Size
3,443 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2027
Tax Annual Amount
7330
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Water source
Public
Building Details
Year built
1914
Architectural style
Other
Listing Agency:
Showcase Realty, Inc.
(860) 274-7000
Listed By:
John Donato Jr
(203) 695-4097
Added: Jun 17
Changed: Aug 19
Last Checked: Aug 21 at 4:06PM
MLS# 24184551
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 three-family residential building offers a practical renovation opportunity with the home planned to be fully vacant at closing. The property features separate utilities and includes an owner electrical panel plus three unit electrical panels, supporting three independently serviced units. Heating is provided by three separate natural gas boilers and three separate natural gas hot water heaters.
The home is served by city water and city sewer and includes a porch. Unit mix includes a total of nine bedrooms and four full baths across the three units, along with a basement. Built in 1914, the property sits on a 0.17-acre lot and is zoned RM.
With the existing utility separation and independent heating systems, the building’s configuration is well suited for tenants who need separate living spaces within a single structure. The generous bedroom and bath count across the three units can support flexible occupancy planning as you renovate and lease.
The home is served by city water and city sewer and includes a porch. Unit mix includes a total of nine bedrooms and four full baths across the three units, along with a basement. Built in 1914, the property sits on a 0.17-acre lot and is zoned RM.
With the existing utility separation and independent heating systems, the building’s configuration is well suited for tenants who need separate living spaces within a single structure. The generous bedroom and bath count across the three units can support flexible occupancy planning as you renovate and lease.
Key Highlights
- Three‑family building planned to be fully vacant at closing
- Separate utilities with owner electrical panel plus 3 unit panels
- 3 separate natural gas boilers and 3 separate natural gas hot water heaters
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
$38,791
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
8.62%
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%
$775,820
$775.8K
Cap Rate 7%
$554,157
$554.2K
Cap Rate 9%
$431,011
$431.0K
Market Conditions
NOI Build-Up for 3,443 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
$59.9K $17.40/SF
− Vacancy
−$4.5K −$1.31/SF
EGI
$55.4K $16.10/SF
− OpEx
−$16.6K −$4.83/SF
NOI
$38.8K $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%
$775,820
Cap Rate 7%
$554,157
Cap Rate 9%
$431,011
Alternative Uses
Best Use
Multifamily LT 5
$554.2K
$484.9K – $646.5K
NOI $38,791 @ 7.0% cap · market cap 8.62%
Second Best
Apartment 5plus
$499.2K
$436.8K – $582.4K
NOI $34,945 @ 7.0% cap · market cap 7.77%
Theoretical Best
Office A
$913.7K
$799.5K – $1.07M
NOI $63,957 @ 7.0% cap · market cap 14.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
765
Businesses Nearby
Explore this area
Business Placement
Demographics for 06705, CT
27,197
Population
12,222
Households
2.2
Avg Household Size
38
Median Age
18%
College-Educated
86%
High-School Grad
5.6 sq mi
ZIP Area
4,857
Density / Sq Mi
$53,169
Median Household Income
$41,327
Median Earnings
$1,165
Median Rent
$177,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three-family building in RM zoning with public water, public sewer, and separate utilities.
Where is this triplex located?
The property is located at 61 Idylwood Avenue Waterbury, CT.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Three‑family building planned to be fully vacant at closing; Separate utilities with owner electrical panel plus 3 unit panels; 3 separate natural gas boilers and 3 separate natural gas hot water heaters
