Four-Family Quadplex with Separate
For Sale
$649,999
Pending
62 Poplar Street, Waterbury, CT 06708
Multi-Family For Sale, Units on different Floors,4updown - Unit(s) per Floor, Waterbury, CT
Property Size4,104 SF
Lot Size0.16 Acres
Days on Market58
Property Features for 62 Poplar Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM
Bedrooms
11
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bedroom 3, Bedroom 1, Bedroom 5, Bedroom 6, Bedroom 11, Bathroom 1, Bedroom 4, Bathroom 4, Bedroom 10, Basement, Bedroom 7, Bathroom 2, Bedroom 2, Bedroom 8, Bedroom 9
Patio and Porch features
Deck
Exterior features
Balcony,Sidewalk,Covered Deck
Basement
Unfinished, Full
Lot features
City Views
Elementary school
Duggan
High school
John F. Kennedy
Directions
GPS
Subdivision
Brooklyn Center
Standard status
Pending
Size
4,104 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2027
Tax Annual Amount
9390
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Cooling system
Wall Unit(s)
Water source
Public
Amenities
laundry hookups
Building Details
Year built
1905
Architectural style
Other
Listing Agency:
Dave Jones Realty, LLC
(203) 758-0264
Listed By:
Stephanie Oliver · License #RES.0815416
(203) 558-3653
Added: Jun 29
Changed: Aug 19
Last Checked: Aug 25 at 10:06AM
MLS# 24187685
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.
Four-family quadplex in Waterbury designed for separate utility billing, and reported fully occupied. The first, second, and third floor units each offer three bedrooms plus an eat-in kitchen, living room, and dining room. The lower-level unit offers two bedrooms. All units include laundry hookups, and vinyl flooring runs throughout.
Built in 1905, the property sits on a 0.16-acre lot and totals 4,104 square feet. Heating is hot water, and cooling is via wall unit(s). Water service and sewer are public, supporting straightforward utility coordination.
Outdoor features include a balcony, covered deck, deck, and sidewalk. Zoning is RM, with convenient access to highways, transportation, and schools as described in the remarks.
Built in 1905, the property sits on a 0.16-acre lot and totals 4,104 square feet. Heating is hot water, and cooling is via wall unit(s). Water service and sewer are public, supporting straightforward utility coordination.
Outdoor features include a balcony, covered deck, deck, and sidewalk. Zoning is RM, with convenient access to highways, transportation, and schools as described in the remarks.
Key Highlights
- Fully occupied four‑family quadplex with reported 8% cap rate
- First, second, and third floor units: three bedrooms, eat‑in kitchen, living room, dining room
- Lower‑level unit: two bedrooms
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
$46,238
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
7.11%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
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?
Quadplex - Fully occupied quadplex with separate utilities, vinyl flooring, and laundry hookups across four units with RM zoning.
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 four‑family quadplex with reported 8% cap rate; First, second, and third floor units: three bedrooms, eat‑in kitchen, living room, dining room; Lower‑level unit: two bedrooms
