Cape Cod Duplex with
For Sale
$299,900
81 Robert Street, Waterbury, CT 06710
Two residential units include a screened porch, full basement, and level backyard.
Property Size1,440 SF
Lot Size0.14 Acres
Price / SF$208.26
Days on Market91
Property Features for 81 Robert Street
General Information
Standard status
Active
Size
1,440 SF
Total Parking Spaces
2
Lot size
0.14 Acres
Property subtype
2 Family
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Amenities
hardwood floors
coffered ceilings
pantry
screened porch/mudroom
loft area
closets
built-in cubby storage
full basement
washer and dryer hookup
level backyard
Building Details
Year Built
1929
Buildings
1
Construction
Cape Cod-style
Listing Agency:
Vitale Realty
(203) 800-5575
Listed By:
Diane Persechino Lanese
(203) 800-5575
Source:
Lockandkeyre
Added: Jun 2
Changed: Aug 30
Last Checked: Aug 30 at 5:02PM
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 Vitale Realty
Investment Insights
Based on property information with market context.
This 1,440-square-foot duplex is arranged as two residential units within a Cape Cod-style home built in 1929. The first floor contains 6 rooms, 2 bedrooms, a dining room, 1 full bath, hardwood flooring, selected coffered ceilings, and a pantry. Upstairs, the second unit offers 3 rooms, 1 bedroom, 1 full bath, a loft, closets, and built-in cubby storage.
A screened porch and mudroom entry serve both units. The property also includes a detached 2-car garage with loft space, a full basement with washer and dryer hookups, a newer 40-gallon water heater, and a level backyard. Set on .14 acre at 81 Robert Street in Waterbury, the property is surrounded primarily by single-family homes.
A screened porch and mudroom entry serve both units. The property also includes a detached 2-car garage with loft space, a full basement with washer and dryer hookups, a newer 40-gallon water heater, and a level backyard. Set on .14 acre at 81 Robert Street in Waterbury, the property is surrounded primarily by single-family homes.
Key Highlights
- Two‑unit duplex totaling 1440 square feet
- First‑floor unit with 6 rooms, 2 bedrooms, and 1 full bath
- Second‑floor unit with 3 rooms, 1 bedroom, 1 full bath, and loft
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
$16,224
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
5.41%
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%
$324,480
$324.5K
Cap Rate 7%
$231,771
$231.8K
Cap Rate 9%
$180,267
$180.3K
Market Conditions
NOI Build-Up for 1,440 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
$25.1K $17.40/SF
− Vacancy
−$1.9K −$1.31/SF
EGI
$23.2K $16.10/SF
− OpEx
−$7.0K −$4.83/SF
NOI
$16.2K $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%
$324,480
Cap Rate 7%
$231,771
Cap Rate 9%
$180,267
Alternative Uses
Best Use
Multifamily LT 5
$231.8K
$202.8K – $270.4K
NOI $16,224 @ 7.0% cap · market cap 5.41%
Second Best
Apartment 5plus
$208.8K
$182.7K – $243.6K
NOI $14,615 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$382.1K
$334.4K – $445.8K
NOI $26,749 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
494
Businesses Nearby
Explore this area
Business Placement
Demographics for 06710, CT
11,056
Population
4,515
Households
2.4
Avg Household Size
32
Median Age
15%
College-Educated
71%
High-School Grad
1.0 sq mi
ZIP Area
11,056
Density / Sq Mi
$42,774
Median Household Income
$33,880
Median Earnings
$1,135
Median Rent
$219,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units include a screened porch, full basement, and level backyard.
Where is this duplex located?
The property is located at 81 Robert Street Waterbury, CT.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Two‑unit duplex totaling 1440 square feet; First‑floor unit with 6 rooms, 2 bedrooms, and 1 full bath; Second‑floor unit with 3 rooms, 1 bedroom, 1 full bath, and loft
