Two-Family Residential Income
72 New Haven Avenue Waterbury, CT 06708
72 New Haven Avenue, Waterbury, CT, 06708
$285,000
Pending
For Sale
$285,000
Pending
Two-family home on a corner lot with 3-room units, a detached 2-car garage, and major roof updates.
Property Size1,518 SF
Days on Market92
Property Features for 72 New Haven Avenue
General Information
- Standard status
- Pending
- Size
- 1,518 SF
- Property subtype
- Multi-Family / 2 Family
Building Details
- Year Built
- 1914
Listing agency
KW Legacy Partners
(860) 313-0700
Listed by
Pedro Echevarria · License #RES.0817427
(860) 313-0700
Source
Compass
Added: Apr 22 Updated: Jul 22 at 12:33AM Checked: Jul 22 at 12:33AM
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 KW Legacy Partners
Investment Insights
Based on property information with market context.
This two-family residential income property is situated on a corner lot and features two separate units. Each unit includes 3 rooms and offers a straightforward layout for income use or owner occupancy. The property also includes a detached 2-car garage.
Improvements noted include roof updates to both the home and garage in 2011. Utilities are currently shared, with one gas boiler (approximately 16 years old), one gas hot water heater, and a single electrical service. Current rents are reported to include all utilities.
The home is offered as-is. With some minor updating, it may continue as a two-family income property or be converted back into a spacious single-family home.
Improvements noted include roof updates to both the home and garage in 2011. Utilities are currently shared, with one gas boiler (approximately 16 years old), one gas hot water heater, and a single electrical service. Current rents are reported to include all utilities.
The home is offered as-is. With some minor updating, it may continue as a two-family income property or be converted back into a spacious single-family home.
Key Highlights
- Two‑family home on a corner lot in the Town Plot neighborhood of Waterbury
- 6 total rooms: both units have 3 rooms each
- Detached 2‑car garage
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 | $26.4k | $17.40 |
| − Vacancy | −$2.0k | −$1.31 |
| EGI | $24.4k | $16.10 |
| − OpEx | −$7.3k | −$4.83 |
| NOI | $17.1k | $11.27 |
1,518 SF · lease $17.40/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$244.3K
$213.8K – $285.1K
NOI $17,103 @ 7.0% cap · market cap 6.00%
Second Best
Apartment 5plus
$220.1K
$192.6K – $256.8K
NOI $15,407 @ 7.0% cap · market cap 5.41%
Theoretical Best
Office A
$402.8K
$352.5K – $470.0K
NOI $28,198 @ 7.0% cap · market cap 9.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-family home on a corner lot with 3-room units, a detached 2-car garage, and major roof updates.
Where is this duplex located?
The property is located at 72 New Haven Avenue Waterbury, CT.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Two‑family home on a corner lot in the Town Plot neighborhood of Waterbury; 6 total rooms: both units have 3 rooms each; Detached 2‑car garage
