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    Four-Unit Residential Income Property Title is generated by Realmo AI

    62 Poplar Street, Waterbury, CT 06708

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    For Sale
    $649,999

    Fully occupied four-unit building with updated electrical, separate utilities, and in-unit laundry hookups for each unit.

    Type:4 Family
    Property size:
    4,104 SF
    Price / SF:
    $158/SF
    Added:
    Jun 29, 2026
    Days on Market:
    8
    Last Refresh:
    Jul 4 at 3:27 am

    Property Features for 62 Poplar Street

    General Information

    Standard status
    Active
    Size
    4,104 SF
    Property subtype
    4 Family

    Building Details

    Year Built
    1905

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    Stephanie Oliver

    Listing office Dave Jones Realty, LLC

    Listing date Jun 29, 2026

    Source Lockandkeyre

    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 Dave Jones Realty, LLC

    HighLights

    • Fully occupied 4‑family building with 3 units featuring 3 bedrooms and a lower‑level unit with 2 bedrooms
    • Updated electrical and all units have separate utilities
    • Each unit includes laundry hook‑up
    • Vinyl flooring throughout
    • 1st, 2nd, and 3rd floor units include eat‑in kitchen, living room, and dining room

    Overview

    This four-unit residential income property is fully occupied and consists of three upper-level apartments and one lower-level apartment. The first, second, and third floor units each feature three bedrooms along with an eat-in kitchen, living room, and dining room. The lower-level unit offers two bedrooms. The building includes updated electrical and vinyl flooring throughout, and all units have their own laundry hookups. Each apartment is separately metered, with all units on separate utilities.

    The property is located close to highways, transportation, and schools, supporting convenient day-to-day access for tenants.

    With apartment layouts that balance three-bedroom and two-bedroom options, this building can appeal to a range of tenant households while maintaining a straightforward unit mix. Separate utilities can also simplify ongoing operating management, and the combination of updated electrical and consistent interior finishes may reduce near-term maintenance concerns for new ownership.

    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 $71.4k $17.40
    − Vacancy −$5.4k −$1.31
    EGI $66.1k $16.10
    − OpEx −$19.8k −$4.83
    NOI $46.2k $11.27
    4,104 SF · lease $17.40/SF/yr · vacancy 7.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $660.5K
    $578.0K – $770.6K (±1% cap)
    NOI $46,238 @ 7.0% cap · market cap 7.11%
    Second Best
    Apartment 5plus
    $595.0K
    $520.7K – $694.2K (±1% cap)
    NOI $41,653 @ 7.0% cap · market cap 6.41%
    Theoretical Best
    Office A
    $1.09M
    $953.0K – $1.27M (±1% cap)
    NOI $76,236 @ 7.0% cap · market cap 11.73%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Travel Agency (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Arcade & Gaming Center (Bike/Boat/Book/etc) Store Restaurant (Bike/Boat/Book/etc) Store Restaurant Butcher Tanning Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waterbury
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.0506623
    Latitude
    41.5461773

    FAQs

    What type of property is this?
    Quadplex - Fully occupied four-unit building with updated electrical, separate utilities, and in-unit laundry hookups for each unit.
    Where is this quadplex located?
    The property is located at 62 Poplar Street Waterbury, CT.
    What is the asking price?
    The asking price for this property is $649,999.
    What are key features of this property?
    This property features: Fully occupied 4‑family building with 3 units featuring 3 bedrooms and a lower‑level unit with 2 bedrooms; Updated electrical and all units have separate utilities; Each unit includes laundry hook‑up
    More about this property
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