Four-Unit Quadplex with Separate
For Sale
$649,999
62 Poplar St, Waterbury, CT 06708
Fully occupied building with updated electrical and individual utility service for each unit.
Property Size4,104 SF
Price / SF$158.38
Days on Market81
Property Features for 62 Poplar St
General Information
Standard status
Active
Size
4,104 SF
Property subtype
Multi-Family
Occupancy
100%
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
3 x 3BR, 1 x 2BR
Multifamily Units
4
Additional Details
Cap Rate
8%
Amenities
laundry hook up
Building Details
Year Built
1905
Listing Agency:
Dave Jones Realty, LLC
Listed By:
Stephanie Oliver · License #RES.0815416
(203) 558-3653
Source:
Themialeteam
Added: Jul 27
Changed: Oct 14
Last Checked: Oct 7 at 12:57PM
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
Investment Insights
Based on property information with market context.
Located at 62 Poplar St in Waterbury, CT, this 4,104-square-foot quadplex was built in 1905 and contains four residential units. The first-, second-, and third-floor apartments each offer 3 bedrooms, an eat-in kitchen, living room, and dining room. The lower-level apartment provides 2 bedrooms. All units include laundry hookups and vinyl flooring throughout.
The property is fully occupied and each unit is served by separate utilities. Updated electrical systems support the existing configuration, while the reported 8% CAP rate provides an operating metric for review. The building is positioned near highways, transportation, and schools.
The property is fully occupied and each unit is served by separate utilities. Updated electrical systems support the existing configuration, while the reported 8% CAP rate provides an operating metric for review. The building is positioned near highways, transportation, and schools.
Key Highlights
- Four residential units in a 4,104‑square‑foot quadplex
- 8% CAP rate with the property fully occupied
- Three units offer 3 bedrooms; lower‑level unit has 2 bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,238
Cap Rate
7.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$924,760
$924.8K
Cap Rate 7%
$660,543
$660.5K
Cap Rate 9%
$513,756
$513.8K
Market Conditions
NOI Build-Up for 4,104 SF
Gross rent
$71.4K $17.40/SF
− Vacancy
−$5.4K −$1.31/SF
EGI
$66.1K $16.10/SF
− OpEx
−$19.8K −$4.83/SF
NOI
$46.2K $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 Rate 5%
$924,760
Cap Rate 7%
$660,543
Cap Rate 9%
$513,756
Alternative Uses
Best Use
Multifamily LT 5
$660.5K
$578.0K – $770.6K
NOI $46,238 @ 7.0% cap · market cap 7.11%
Second Best
Apartment 5plus
$595.0K
$520.7K – $694.2K
NOI $41,653 @ 7.0% cap · market cap 6.41%
Theoretical Best
Office A
$1.09M
$953.0K – $1.27M
NOI $76,236 @ 7.0% cap · market cap 11.73%
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
4
Residential units
100%
Occupancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
828
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?
Quadplex - Fully occupied building with updated electrical and individual utility service for each unit.
Where is this quadplex located?
The property is located at 62 Poplar St 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: Four residential units in a 4,104‑square‑foot quadplex; 8% CAP rate with the property fully occupied; Three units offer 3 bedrooms; lower‑level unit has 2 bedrooms
