Building Details

Year Built 1953

Listing Agency: Oxford Realty

Listed By: Amanda Faroni-Sheehan · License #REB.0793328 Show Phone

Source: Homesbyshoshana

Added: Aug 20 Changed: Oct 3 Last Checked: Oct 7 at 1:55PM

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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

Investment Insights

Based on property information with market context.

Built in 1953, this duplex includes two occupied residences totaling approximately 3,140 SF. One unit provides 5 bedrooms and 2 baths across approximately 1,800 SF, while the second offers 4 bedrooms and 2 baths with approximately 1,340 SF. The layouts provide substantial bedroom capacity within both homes.

Each residence has separate tenant-paid utilities, including gas heat and hot water, along with separate electric panels. The property also includes off-street parking. Located at 80 Niagara St, off Wolcott St in Waterbury’s north end, the duplex is positioned near shopping, public transportation, major roadways, and area amenities.

Key Highlights

• Two‑unit duplex with approximately 3,140 SF of combined living space
• 5‑bedroom/2‑bath unit with approximately 1,800 SF
• 4‑bedroom/2‑bath unit with approximately 1,340 SF

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,531

Cap Rate

4.38%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$350,620 $350.6K

Cap Rate 7%

$250,443 $250.4K

Cap Rate 9%

$194,789 $194.8K

Market Conditions

NOI Build-Up for 1,556 SF

Gross rent

$27.1K $17.40/SF

− Vacancy

−$2.0K −$1.31/SF

EGI

$25.0K $16.10/SF

− OpEx

−$7.5K −$4.83/SF

NOI

$17.5K $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 Rate 5%

$350,620

Cap Rate 7%

$250,443

Cap Rate 9%

$194,789

Alternative Uses

Best Use

Multifamily LT 5

$250.4K

$219.1K – $292.2K (±1% cap)

NOI $17,531 @ 7.0% cap · market cap 4.38%

Second Best

Apartment 5plus

$225.6K

$197.4K – $263.2K (±1% cap)

NOI $15,793 @ 7.0% cap · market cap 3.95%

Theoretical Best

Office A

$412.9K

$361.3K – $481.7K (±1% cap)

NOI $28,904 @ 7.0% cap · market cap 7.23%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Accounting Firm (Bike/Boat/Book/etc) Store Storage Facility Garden Center Florist Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

987

Businesses Nearby

Explore this area Business Placement

Demographics for 06702, CT

3,882

Population

1,910

Households

2

Avg Household Size

45

Median Age

8%

College-Educated

69%

High-School Grad

0.7 sq mi

ZIP Area

5,546

Density / Sq Mi

$16,198

Median Household Income

$15,833

Median Earnings

$720

Median Rent

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Fully occupied residential asset with separate utilities, off-street parking, and spacious living configurations.

Where is this duplex located?

The property is located at 80 Niagara St Waterbury, CT.

What is the asking price?

The asking price for this property is $399,900.

What are key features of this property?

This property features: Two‑unit duplex with approximately 3,140 SF of combined living space; 5‑bedroom/2‑bath unit with approximately 1,800 SF; 4‑bedroom/2‑bath unit with approximately 1,340 SF