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Updated 2-Family Residential Income

75 Wood Street Waterbury, CT 06704

75 Wood Street, Waterbury, CT, 06704
$389,900
For Sale
Claim this Listing
$389,900

MULTI_FAMILY - Waterbury, CT

Property Size1,892 SF
Lot Size0.13 Acres
Price / SF$206.08
AddedJun 30
Days on Market16
Last RefreshJul 15 at 8:06 pm

Property Features for 75 Wood Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
RM
Bedrooms
4
Bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 2, Bathroom 1, Basement
Parking
3
Basement
Full
Standard status
Active
Size
1,892 SF
Lot size
0.13 Acres

Taxes and HOA fees

Tax Year
2026
Tax Annual Amount
4310

Utilities

Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Water source
Public

Building Details

Year built
1908
Architectural style
Other

Listing agent Wendy Secore

Listing office Better Homes and Gardens Real Estate Executive Real Estate 17 School St, Glastonbury, CT

Listing date Jun 30, 2026

MLS# 24187418 Listing URL

Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This property is a 2-family residential income home presented in updated condition. The home includes a newer roof and a Navien combi boiler, along with additional updates throughout, supporting day-to-day operational readiness for either an investor or an owner-occupant.

The property is located in Waterbury, Connecticut, on a small lot with zoning identified as RM. Public remarks indicate the home is near shopping, public transportation, parks, and major highways, which can be useful for tenant convenience and day-to-day access.

As a duplex-style setup, the layout is designed to support rental use, whether you are adding to a portfolio or living in one unit while renting the other. With the documented mechanical and exterior updates, prospective buyers can evaluate the property with an emphasis on functional improvements already in place, rather than starting from scratch.

Key Highlights

  • Updated 2‑family home built in 1908
  • Navien combi boiler and hot water heating
  • Newer roof

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 $32.9k $17.40
− Vacancy −$2.5k −$1.31
EGI $30.5k $16.10
− OpEx −$9.1k −$4.83
NOI $21.3k $11.27
1,892 SF · lease $17.40/SF/yr · vacancy 7.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$304.5K
$266.5K – $355.3K (±1% cap)
NOI $21,316 @ 7.0% cap · market cap 5.47%
Second Best
Apartment 5plus
$274.3K
$240.0K – $320.1K (±1% cap)
NOI $19,203 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$502.1K
$439.3K – $585.8K (±1% cap)
NOI $35,146 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Garden Center Storage Facility Locksmith Catering Service Florist Pet Grooming Service (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Veterinary Clinic

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Updated 2-family home with a newer roof and Navien combi boiler, suited for rental income or owner-occupancy.
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: Updated 2‑family home built in 1908; Navien combi boiler and hot water heating; Newer roof
Contact an agent
More about this property
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