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Updated Triplex in Town Plot

83 Vernon Street, Waterbury, CT 06708

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For Sale

$540,000

Updated 3-family property in desirable Town Plot neighborhood.

Type:Multi-Family

Property size:

3,753 SF

Price / SF:

$143/SF

HighLights

Highly desirable Town Plot neighborhood location.
Updated 3‑family property, a prime investment opportunity.
Each unit has 3 bedrooms, 1 full bathroom, and an eat‑in kitchen.
Washer and dryer in each unit.
Private balconies for each apartment.
Ample off‑street parking on a quiet, dead‑end street.

We can help!

Listing Contact

(203) 241-0731

For Sale

$540,000

Updated 3-family property in desirable Town Plot neighborhood.

Type:Multi-Family

Property size:

3,753 SF

Price / SF:

$143/SF

Added:: Aug 6, 2025
Days on Market:: 308
Last Refresh:: May 19 at 9:11 pm

Property Features for 83 Vernon Street

General Information

Standard status: Active
Size: 3,753 SF
Property subtype: Multi-Family

Building Details

Year Built: 1926

We can help!

Listing Contact

(203) 241-0731

Listing agent (203) 241-0731 License #3482644

Listing office Coldwell Banker Realty

Listing date Aug 6, 2025

Source Kw

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 Coldwell Banker Realty

HighLights

Highly desirable Town Plot neighborhood location.
Updated 3‑family property, a prime investment opportunity.
Each unit has 3 bedrooms, 1 full bathroom, and an eat‑in kitchen.
Washer and dryer in each unit.
Private balconies for each apartment.
Ample off‑street parking on a quiet, dead‑end street.

Overview

This updated 3-family property is located in the Town Plot neighborhood. Each of the three units features 3 bedrooms, 1 full bathroom, and an eat-in kitchen with hardwood floors that flow into a living area. Updated in 2022, all units include a washer and dryer on their respective floors. Each apartment has a private balcony. The property provides off-street parking and is located on a quiet, dead-end street. All three units are currently rented on a month-to-month basis. Tenants are responsible for all utilities. The property offers access to public transportation, major highways, shopping, schools, and restaurants. The property size is 3753 square feet.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$65.3k	$17.40
− Vacancy	−$4.9k	−$1.31
EGI	$60.4k	$16.10
− OpEx	−$18.1k	−$4.83
NOI	$42.3k	$11.27

3,753 SF · lease $17.40/SF/yr · vacancy 7.50% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$604.0K

$528.5K – $704.7K (±1% cap)

NOI $42,283 @ 7.0% cap · market cap 7.83%

Second Best

Apartment 5plus

$544.2K

$476.1K – $634.9K (±1% cap)

NOI $38,091 @ 7.0% cap · market cap 7.05%

Theoretical Best

Office A

$995.9K

$871.5K – $1.16M (±1% cap)

NOI $69,716 @ 7.0% cap · market cap 12.91%

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

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Location Insight

Map
Local Demand

City: Waterbury
County: New Haven
State: Connecticut
Longitude: -73.0611
Latitude: 41.5502

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For sale
Triplexes
CT
Waterbury
06708
83 Vernon Street

What type of property is this?

Triplex - Updated 3-family property in desirable Town Plot neighborhood.

Where is this triplex located?

The property is located at 83 Vernon Street Waterbury, CT.

What is the asking price?

The asking price for this property is $540,000.

What are key features of this property?

This property features: Highly desirable Town Plot neighborhood location.; Updated 3‑family property, a prime investment opportunity.; Each unit has 3 bedrooms, 1 full bathroom, and an eat‑in kitchen.

83 Vernon Street, Waterbury, CT 06708

Updated 3-family property in desirable Town Plot neighborhood.

Property Features for 83 Vernon Street

General Information

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Retail Strip Mall with Multiple Tenants

Historic Three-Unit Multifamily Building

Three-Unit Multifamily with Detached Garage

Renovated Mixed-Use Income Property

Turnkey Renovated Multi-Family Home

Waterbury Multifamily Investment Opportunity

Permitted 14-Unit Rooming House

11-Unit Apartment Building

Spacious Two-Family Corner Lot

Well-Maintained Multifamily Property

Three-Unit Property with Separate Laundry

Waterbury Multi-Family Investment Opportunity

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