Four-Unit Residential Income
62 Poplar Street Waterbury, CT 06708
62 Poplar Street, Waterbury, CT, 06708
$649,999
For Sale
$649,999
Fully occupied four-unit building with updated electrical, separate utilities, and in-unit laundry hookups for each unit.
Property Size4,104 SF
Price / SF$158.38
Days on Market19
Property Features for 62 Poplar Street
General Information
- Standard status
- Active
- Size
- 4,104 SF
- Property subtype
- 4 Family
Building Details
- Year Built
- 1905
Listing Agency
Dave Jones Realty, LLC
(203) 558-3653
Listed by
Stephanie Oliver · License #RES.0815416
(203) 558-3653
Source
Lockandkeyre
Added: Jun 29 Checked: Jul 17 at 5:52 am
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.
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.
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.
Key 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
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
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
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
