Renovated Two-Family with Attic
For Sale
$375,000
75 Walnut, Waterbury, CT 06704
Renovated 2-family home with an expanded 3rd-floor attic level and refreshed upper unit finishes.
Property Size1,893 SF
Price / SF$116.82
Days on Market159
Property Features for 75 Walnut
General Information
Standard status
Active
Size
1,893 SF
Property subtype
2 Family
Lease Term
Listing ID: 24197390, Standard Status: Active, MLS Status: Active, Property Subtype: 2 Family, 74 days on market
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Building Size
1,893 SF
Year Built
1893
Listing Agency:
Oxford Realty
(203) 314-4219
Listed By:
Amanda Faroni-Sheehan · License #REB.0793328
(203) 758-0264
Source:
Iverty
Added: May 15
Changed: Oct 19
Last Checked: Oct 19 at 9:12AM
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
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Investment Insights
Based on property information with market context.
Renovated two-family property with a third-floor attic expansion that adds flexible living space. The second and third floors are combined into a spacious upper-level unit with modern finishes, a refreshed kitchen, two full baths, newer flooring, and fresh paint throughout. The property also includes separate, tenant-paid electric utilities for electric H&HW.
Conveniently located in Waterbury, the home is described as being near shopping, restaurants, schools, public transportation, and major highways.
With functional layouts, separate living areas, and updated interior finishes, the configuration supports both owner-occupant use and rental flexibility.
Conveniently located in Waterbury, the home is described as being near shopping, restaurants, schools, public transportation, and major highways.
With functional layouts, separate living areas, and updated interior finishes, the configuration supports both owner-occupant use and rental flexibility.
Key Highlights
- Renovated 2‑family property built in 1893 with expanded 3rd‑floor attic level
- 2nd and 3rd floors combined into a spacious upper‑level unit with modern finishes
- Upper unit features a refreshed kitchen, 2 full baths, newer flooring, and fresh paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,580
Cap Rate
8.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$651,600
$651.6K
Cap Rate 7%
$465,429
$465.4K
Cap Rate 9%
$362,000
$362.0K
Market Conditions
NOI Build-Up for 3,210 SF
Gross rent
$63.6K $19.80/SF
− Vacancy
−$4.3K −$1.35/SF
EGI
$59.2K $18.45/SF
− OpEx
−$26.7K −$8.30/SF
NOI
$32.6K $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%
$651,600
Cap Rate 7%
$465,429
Cap Rate 9%
$362,000
Alternative Uses
Best Use
Multifamily LT 5
$516.6K
$452.1K – $602.8K
NOI $36,165 @ 7.0% cap · market cap 9.64%
Second Best
Apartment 5plus
$465.4K
$407.3K – $543.0K
NOI $32,580 @ 7.0% cap · market cap 8.69%
Theoretical Best
Office A
$851.8K
$745.4K – $993.8K
NOI $59,629 @ 7.0% cap · market cap 15.90%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,337
Businesses Nearby
Explore this area
Business Placement
Demographics for 06704, CT
27,300
Population
12,987
Households
2.1
Avg Household Size
34
Median Age
14%
College-Educated
78%
High-School Grad
8.1 sq mi
ZIP Area
3,370
Density / Sq Mi
$47,848
Median Household Income
$33,090
Median Earnings
$1,202
Median Rent
$178,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Renovated 2-family home with an expanded 3rd-floor attic level and refreshed upper unit finishes.
Where is this duplex located?
The property is located at 75 Walnut Waterbury, CT.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Renovated 2‑family property built in 1893 with expanded 3rd‑floor attic level; 2nd and 3rd floors combined into a spacious upper‑level unit with modern finishes; Upper unit features a refreshed kitchen, 2 full baths, newer flooring, and fresh paint
