Three-Unit Multifamily Income
75 Woodward Avenue Waterbury, CT 06705
75 Woodward Avenue, Waterbury, CT, 06705
$450,000
For Sale
$450,000
Triplex with three 3-bedroom, 1-bath units, fully occupied, plus off-street parking and a two-car garage.
Property Size3,824 SF
Price / SF$117.68
Days on Market182
Property Features for 75 Woodward Avenue
General Information
- Standard status
- Active
- Size
- 3,824 SF
- Property subtype
- Multi-Family / 3 Family
Building Details
- Year Built
- 1913
Listing agency
Century 21 AllPoints Realty
(860) 878-8141
Listed by
Molly E Sullivan · License #RES.0827053
(860) 878-8141
Source
Compass
Added: Jan 21 Updated: Jul 22 at 1:19PM Checked: Jul 22 at 1:19PM
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 Century 21 AllPoints Realty
Investment Insights
Based on property information with market context.
75 Woodward Avenue is a well-maintained three-unit multifamily property with three spacious 3-bedroom, 1-bath apartments. All units are currently fully occupied, and each tenant pays separate utilities. The property includes off-street parking and a two-car garage for tenant convenience.
Recent updates include newer furnaces installed in 2021, 2023, and 2014, along with window improvements. The combination of these upgrades supports ongoing efficiency and helps reduce near-term maintenance concerns.
With all units positioned as 3-bedroom layouts and a consistent unit mix across the building, this property offers straightforward operating structure for an investor seeking in-place income alongside opportunities to adjust rents over time.
Recent updates include newer furnaces installed in 2021, 2023, and 2014, along with window improvements. The combination of these upgrades supports ongoing efficiency and helps reduce near-term maintenance concerns.
With all units positioned as 3-bedroom layouts and a consistent unit mix across the building, this property offers straightforward operating structure for an investor seeking in-place income alongside opportunities to adjust rents over time.
Key Highlights
- Triplex built in 1913 with three fully occupied 3‑bedroom, 1‑bath units
- Tenant‑paid utilities with separate utilities per unit
- Recent improvements include newer furnaces (2021, 2023, 2014) and updated windows
Local Financial Insights For Apartment 5plus
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 | $75.7k | $19.80 |
| − Vacancy | −$5.1k | −$1.35 |
| EGI | $70.6k | $18.45 |
| − OpEx | −$31.8k | −$8.30 |
| NOI | $38.8k | $10.15 |
3,824 SF · lease $19.80/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$615.5K
$538.5K – $718.1K
NOI $43,083 @ 7.0% cap · market cap 9.57%
Second Best
Apartment 5plus
$554.5K
$485.2K – $646.9K
NOI $38,812 @ 7.0% cap · market cap 8.62%
Theoretical Best
Office A
$1.01M
$887.9K – $1.18M
NOI $71,035 @ 7.0% cap · market cap 15.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Triplex with three 3-bedroom, 1-bath units, fully occupied, plus off-street parking and a two-car garage.
Where is this triplex located?
The property is located at 75 Woodward Avenue Waterbury, CT.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Triplex built in 1913 with three fully occupied 3‑bedroom, 1‑bath units; Tenant‑paid utilities with separate utilities per unit; Recent improvements include newer furnaces (2021, 2023, 2014) and updated windows
