Duplex with Two-Level Upper
66 Willow, Waterbury, CT 06710
For Sale
$300,000
The property has a ground-floor residence and a second dwelling arranged across the upper two floors.
Property Size2,538 SF
Price / SF$118.20
Days on Market8
Property Features for 66 Willow
General Information
Standard status
Size
Property subtype
Property Condition
Severity
Evidence
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Listing Agency:
Coldwell Banker Realty
(860) 674-0300
Listed By:
Mustafa Muaremi · License #RES.0818283
(860) 877-4682
Source:
Lockandkeyre
Added: Nov 2
Changed: Nov 8
Last Checked: Nov 8 at 6:04AM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This 2,538-square-foot duplex contains two dwellings. The ground-floor unit has two bedrooms and one full bathroom. Above it, the second residence occupies the next two floors and includes seven bedrooms, two full bathrooms, and two kitchen areas. The building dates to 1880 and is described as needing improvements.
Located at 66 Willow St in Waterbury, Connecticut, the property is represented as a two-family residence.
Located at 66 Willow St in Waterbury, Connecticut, the property is represented as a two-family residence.
Key Highlights
- 2,538‑square‑foot duplex
- 9 bedrooms and 3 full bathrooms across two dwelling units
- Upper residence spans two floors, with 7 bedrooms, 2 full bathrooms, and 2 kitchen areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,759
Cap Rate
8.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$515,180
$515.2K
Cap Rate 7%
$367,986
$368.0K
Cap Rate 9%
$286,211
$286.2K
Market Conditions
NOI Build-Up for 2,538 SF
Gross rent
$50.3K $19.80/SF
− Vacancy
−$3.4K −$1.35/SF
EGI
$46.8K $18.45/SF
− OpEx
−$21.1K −$8.30/SF
NOI
$25.8K $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%
$515,180
Cap Rate 7%
$367,986
Cap Rate 9%
$286,211
Alternative Uses
Best Use
Multifamily LT 5
$408.5K
$357.4K – $476.6K
NOI $28,594 @ 7.0% cap · market cap 9.53%
Second Best
Apartment 5plus
$368.0K
$322.0K – $429.3K
NOI $25,759 @ 7.0% cap · market cap 8.59%
Theoretical Best
Office A
$673.5K
$589.3K – $785.8K
NOI $47,146 @ 7.0% cap · market cap 15.72%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,498
Businesses Nearby
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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
$219,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Waterbury, CT
Properties on Market for Duplexes in Waterbury
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The property has a ground-floor residence and a second dwelling arranged across the upper two floors.
Where is this duplex located?
The property is located at 66 Willow Waterbury, CT.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 2,538‑square‑foot duplex; 9 bedrooms and 3 full bathrooms across two dwelling units; Upper residence spans two floors, with 7 bedrooms, 2 full bathrooms, and 2 kitchen areas
