4-Bed Residential Income
62 North Leonard Street Waterbury, CT 06708
62 North Leonard Street, Waterbury, CT, 06708
$306,000
For Sale
$306,000
Colonial with 1,722 SF of living space, fully rented, offering 4 bedrooms and 2 bathrooms.
Property Size1,722 SF
Price / SF$177.70
Days on Market24
Property Features for 62 North Leonard Street
General Information
- Standard status
- Active
- Size
- 1,722 SF
- Property subtype
- 2 Family
Building Details
- Year Built
- 1900
Listing agency
Better Homes and Gardens Real Estate Executive Real Estate
(203) 927-4641
Listed by
Wendy Secore
(203) 927-4641
Source
Lockandkeyre
Added: Jun 29 Updated: Jul 21 at 7:34PM Checked: Jul 21 at 7:34PM
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 Better Homes and Gardens Real Estate Executive Real Estate
Investment Insights
Based on property information with market context.
This fully rented Colonial style residential income property offers 1,722 square feet of living space with four bedrooms and two bathrooms. Designed for year-round occupancy, it presents a straightforward configuration for buyers seeking immediate rental income or those planning owner occupancy in the future.
Located at 62 North Leonard Street in Waterbury, CT, the property is described as conveniently close to major highways, shopping, public transportation, and everyday amenities, supporting practical day-to-day access.
The home’s layout is anchored by its four-bedroom, two-bath arrangement within the existing Colonial footprint.
Located at 62 North Leonard Street in Waterbury, CT, the property is described as conveniently close to major highways, shopping, public transportation, and everyday amenities, supporting practical day-to-day access.
The home’s layout is anchored by its four-bedroom, two-bath arrangement within the existing Colonial footprint.
Key Highlights
- Fully rented Colonial with 1,722 sq ft of living space
- 4 bedrooms and 2 bathrooms
- Year built: 1900
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 | $30.0k | $17.40 |
| − Vacancy | −$2.2k | −$1.31 |
| EGI | $27.7k | $16.10 |
| − OpEx | −$8.3k | −$4.83 |
| NOI | $19.4k | $11.27 |
1,722 SF · lease $17.40/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$277.2K
$242.5K – $323.4K
NOI $19,401 @ 7.0% cap · market cap 6.34%
Second Best
Apartment 5plus
$249.7K
$218.5K – $291.3K
NOI $17,477 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$457.0K
$399.9K – $533.1K
NOI $31,988 @ 7.0% cap · market cap 10.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Colonial with 1,722 SF of living space, fully rented, offering 4 bedrooms and 2 bathrooms.
Where is this duplex located?
The property is located at 62 North Leonard Street Waterbury, CT.
What is the asking price?
The asking price for this property is $306,000.
What are key features of this property?
This property features: Fully rented Colonial with 1,722 sq ft of living space; 4 bedrooms and 2 bathrooms; Year built: 1900
