13-Unit Apartment
For Sale
$1,450,000
66-74 Holmes, Waterbury, CT 06710
Two multifamily properties combine renovated apartments with off-street parking and a range of unit layouts.
Property Size1,890 SF
Price / SF$205.53
Days on Market11
Property Features for 66-74 Holmes
General Information
Standard status
Active
Size
1,890 SF
Property subtype
5 Family+
Lease Term
Listing ID: 24212158, Standard Status: Active, MLS Status: Active, Property Subtype: 5 Family+
Property Condition
Severity
Repairs Needed
Evidence
Some renovation remains
Units
Unit Mix
4 x 3BR, 3 x 2BR, 4 x 1BR, 2 x studio
Multifamily Units
13
Building Details
Building Size
1,890 SF
Year Built
1890
Buildings
2
Listing Agency:
Oxford Realty
(203) 314-4219
Listed By:
Amanda Faroni-Sheehan · License #REB.0793328
(203) 758-0264
Source:
Iverty
Added: Oct 5
Changed: Oct 13
Last Checked: Oct 12 at 7:02PM
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 Oxford Realty
Investment Insights
Based on property information with market context.
Offered together, 66 and 74 Holmes Avenue comprise a 13-unit apartment portfolio in Waterbury. The buildings contain four three-bedroom apartments, three two-bedroom apartments, four one-bedroom apartments, and two studios. At 66 Holmes Avenue, all eight units have been remodeled, and the property has replacement windows. The five-unit building at 74 Holmes Avenue has mostly updated apartments, replacement windows, vinyl siding, and a roof approximately two years old; additional renovation work remains.
The properties occupy a corner lot and include off-street parking. Both addresses are on Holmes Avenue in Waterbury, Connecticut.
The properties occupy a corner lot and include off-street parking. Both addresses are on Holmes Avenue in Waterbury, Connecticut.
Key Highlights
- 13 apartments across two properties offered as one package
- Unit mix: four 3‑bedroom, three 2‑bedroom, four 1‑bedroom units, and two studios
- 66 Holmes Avenue: 8 remodeled units and replacement windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,605
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,432,100
$1.4M
Cap Rate 7%
$1,022,929
$1.0M
Cap Rate 9%
$795,611
$795.6K
Market Conditions
NOI Build-Up for 7,055 SF
Gross rent
$139.7K $19.80/SF
− Vacancy
−$9.5K −$1.35/SF
EGI
$130.2K $18.45/SF
− OpEx
−$58.6K −$8.30/SF
NOI
$71.6K $10.15/SF
Area
Waterbury, CT
Vacancy
6.80%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,432,100
Cap Rate 7%
$1,022,929
Cap Rate 9%
$795,611
Alternative Uses
Best Use
Apartment 5plus
$1.02M
$895.1K – $1.19M
NOI $71,605 @ 7.0% cap · market cap 4.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.87M
$1.64M – $2.18M
NOI $131,054 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
13
Residential units
Location Intelligence
Trade Area within ½ mile
2,626
Businesses Nearby
Explore this area
Business Placement
Demographics for 06710, CT
11,056
Population
4,515
Households
2.4
Avg Household Size
32
Median Age
15%
College-Educated
71%
High-School Grad
1.0 sq mi
ZIP Area
11,056
Density / Sq Mi
$42,774
Median Household Income
$33,880
Median Earnings
$1,135
Median Rent
$219,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two multifamily properties combine renovated apartments with off-street parking and a range of unit layouts.
Where is this apartment building located?
The property is located at 66-74 Holmes Waterbury, CT.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 13 apartments across two properties offered as one package; Unit mix: four 3‑bedroom, three 2‑bedroom, four 1‑bedroom units, and two studios; 66 Holmes Avenue: 8 remodeled units and replacement windows
