Updated Two-Family
For Sale
$389,900
75 Wood Street, Waterbury, CT 06704
Income-producing residential property with a newer roof, Navien combi boiler, and access to transit and nearby amenities.
Property Size1,892 SF
Price / SF$206.08
Days on Market68
Property Features for 75 Wood Street
General Information
Standard status
Active
Size
1,892 SF
Property subtype
Multi-Family / 2 Family
Zoning
RM
Taxes and HOA fees
Annual Taxes
$4,310
Amenities
Yes
Hot Water
8
Walk-up
Basement Hook-Up(s)
Not Applicable
Building Details
Year Built
1908
Listing Agency:
Better Homes and Gardens Real Estate Executive Real Estate
(203) 927-4641
Listed By:
Wendy Secore · License #RES.0834143
(203) 927-4641
Source:
Compass
Added: Jun 24
Changed: Aug 29
Last Checked: Aug 29 at 1:44PM
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 Better Homes and Gardens Real Estate Executive Real Estate
Investment Insights
Based on property information with market context.
This updated two-family home offers an income-producing residential configuration with a newer roof and Navien combi boiler. Built in 1908, the property is zoned RM and combines established construction with recent mechanical improvements.
Shopping, public transportation, parks, and major highways are located nearby, supporting convenient access for residents. The two-family layout provides flexibility for an investor or an owner-occupant seeking rental income, both uses explicitly supported by the property’s existing configuration.
Shopping, public transportation, parks, and major highways are located nearby, supporting convenient access for residents. The two-family layout provides flexibility for an investor or an owner-occupant seeking rental income, both uses explicitly supported by the property’s existing configuration.
Key Highlights
- Two‑family residential property with income‑producing use
- Newer roof and Navien combi boiler
- RM zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,316
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$426,320
$426.3K
Cap Rate 7%
$304,514
$304.5K
Cap Rate 9%
$236,844
$236.8K
Market Conditions
NOI Build-Up for 1,892 SF
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.
Gross rent
$32.9K $17.40/SF
− Vacancy
−$2.5K −$1.31/SF
EGI
$30.5K $16.10/SF
− OpEx
−$9.1K −$4.83/SF
NOI
$21.3K $11.27/SF
Area
Waterbury, CT
Vacancy
7.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$426,320
Cap Rate 7%
$304,514
Cap Rate 9%
$236,844
Alternative Uses
Best Use
Multifamily LT 5
$304.5K
$266.5K – $355.3K
NOI $21,316 @ 7.0% cap · market cap 5.47%
Second Best
Apartment 5plus
$274.3K
$240.0K – $320.1K
NOI $19,203 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$502.1K
$439.3K – $585.8K
NOI $35,146 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,038
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Income-producing residential property with a newer roof, Navien combi boiler, and access to transit and nearby amenities.
Where is this duplex located?
The property is located at 75 Wood Street Waterbury, CT.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Two‑family residential property with income‑producing use; Newer roof and Navien combi boiler; RM zoning
