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    Four-Unit Multifamily Property Title is generated by Realmo AI

    62 Poplar Street, Waterbury, CT 06708

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    Claim this Listing
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    For Sale
    $649,999

    MULTI_FAMILY - Waterbury, CT

    Property size:
    4,104 SF
    Lot size:
    0.16 Acres
    Price / SF:
    $158/SF
    Added:
    Jun 29, 2026
    Days on Market:
    7
    Last Refresh:
    Jul 5 at 11:06 pm

    Property Features for 62 Poplar Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    RM
    Bedrooms
    11
    Bathrooms
    4
    Rooms
    Bedroom 9, Bedroom 1, Bathroom 4, Basement, Bedroom 11, Bedroom 5, Bathroom 1, Bedroom 10, Bedroom 3, Bedroom 6, Bedroom 4, Bathroom 2, Bedroom 7, Bedroom 2, Bathroom 3, Bedroom 8
    Patio and Porch features
    Deck
    Exterior features
    Balcony,Sidewalk,Covered Deck
    Basement
    Full, Unfinished
    Standard status
    Active
    Size
    4,104 SF
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    9745

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Hot Water(Heating)
    Cooling system
    Wall Unit(s)
    Water source
    Public

    Building Details

    Year built
    1905
    Architectural style
    Other

    We can help!

    Contact an agent
    Stephanie Oliver

    Listing agent Stephanie Oliver License #RES.0815416

    Listing office Dave Jones Realty, LLC 40 Center Street, PROSPECT, CT

    Listing date Jun 29, 2026

    MLS# 24187685 Listing URL

    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.

    HighLights

    • Fully occupied 4‑family property with an 8% cap rate
    • 1st, 2nd, and 3rd floor units each feature 3 bedrooms with an eat‑in kitchen, living room, and dining room
    • Lower‑level unit includes 2 bedrooms; all units have laundry hook up
    • Updated electrical and all units on separate utilities
    • Vinyl flooring throughout; heating is hot water and cooling is wall unit(s)
    • Exterior features include a balcony and covered deck/deck; public water and public sewer

    Overview

    This fully occupied four-unit multifamily property is configured as a quadplex with three units on the first, second, and third floors offering three bedrooms each, along with an eat-in kitchen, living room, and dining room. The lower-level unit provides two bedrooms. The property has updated electrical, vinyl flooring throughout, and laundry hookups in every unit, supporting tenant convenience and day-to-day usability. All units are served by separate utilities.

    Located in Waterbury, CT, the building is described as conveniently close to highways, transportation, and schools, with RM zoning noted for the site. The lot size is listed at 0.16 acres.

    With four independently metered units and in-unit laundry hookups, this property fits investors or operators seeking a straightforward income-producing multifamily setup. The current occupancy status is reported as fully occupied, and the unit layouts are consistent on the upper floors, which can help streamline leasing and turn preparation while maintaining functional bedroom-count variety with the lower-level two-bedroom unit.

    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.
    Property Profile 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
    -73.050667
    Latitude
    41.546169

    FAQs

    What type of property is this?
    Quadplex - Well-maintained four-unit building with separate utilities and laundry hookups across all units.
    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 property with an 8% cap rate; 1st, 2nd, and 3rd floor units each feature 3 bedrooms with an eat‑in kitchen, living room, and dining room; Lower‑level unit includes 2 bedrooms; all units have laundry hook up
    More about this property
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