Well-Maintained Three-Family
81 Chambers Street Waterbury, CT 06708
81 Chambers Street, Waterbury, CT, 06708
$579,000
For Sale
$579,000
Legal three-family home with nine bedrooms and recent renovations.
Property Size3,561 SF
Price / SF$162.59
Days on Market59
Property Features for 81 Chambers Street
General Information
- Standard status
- Active
- Size
- 3,561 SF
- Property subtype
- 3 Family
Building Details
- Year Built
- 1930
Listing Agency
Rosana Melo Realty
(203) 545-1459
Listed by
Rosania Melo
(203) 545-1459
Source
Lockandkeyre
Added: May 20 Checked: Jul 17 at 5:42 am
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 Rosana Melo Realty
Investment Insights
Based on property information with market context.
This well-maintained legal three-family property features a total of 9 bedrooms across three spacious units. The first-floor unit has been recently renovated and includes a modern kitchen with a center island, a formal dining room, and a generously sized living room. The property also includes a detached three-car garage and a private driveway that accommodates up to four additional vehicles, providing ample off-street parking. Major updates have been completed, including a new roof installed four months ago and a new hot water system. The property is conveniently located near shopping, schools, parks, and major highways. The adjacent lot located behind the main property is included in the sale, offering extra value and potential. The property size is 3561 square feet.
Key Highlights
- Legal three‑family home offering strong rental income potential.
- First‑floor unit is recently renovated with a modern kitchen and center island.
- Includes a detached three‑car garage and private driveway for ample off‑street parking (7 spaces total).
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 | $62.0k | $17.40 |
| − Vacancy | −$4.6k | −$1.31 |
| EGI | $57.3k | $16.10 |
| − OpEx | −$17.2k | −$4.83 |
| NOI | $40.1k | $11.27 |
3,561 SF · lease $17.40/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$573.1K
$501.5K – $668.7K
NOI $40,120 @ 7.0% cap · market cap 6.93%
Second Best
Apartment 5plus
$516.3K
$451.8K – $602.4K
NOI $36,142 @ 7.0% cap · market cap 6.24%
Theoretical Best
Office A
$945.0K
$826.9K – $1.10M
NOI $66,149 @ 7.0% cap · market cap 11.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Legal three-family home with nine bedrooms and recent renovations.
Where is this triplex located?
The property is located at 81 Chambers Street Waterbury, CT.
What is the asking price?
The asking price for this property is $579,000.
What are key features of this property?
This property features: Legal three‑family home offering strong rental income potential.; **First‑floor unit is recently renovated with a modern kitchen and center island.**; Includes a detached three‑car garage and private driveway for ample off‑street parking (7 spaces total).
