Three-Unit Residential
For Sale
$661,900
84 Wheeler, Waterbury, CT 06704
Classic 3-unit home with separate utilities and upgraded kitchens and bathrooms, featuring hardwood floors on upper levels.
Property Size3,383 SF
Price / SF$195.65
Days on Market141
Property Features for 84 Wheeler
General Information
Standard status
Active
Size
3,383 SF
Property subtype
3 Family
Additional Details
Multifamily Units
3
Building Details
Year Built
1894
Tenancy
Multi
Listing Agency:
Mary Helen Levine Real Estate LLC
(203) 525-4753
Listed By:
Mayer Behrend · License #RES.0802220
(203) 910-4823
Source:
Lockandkeyre
Added: Jun 4
Changed: Oct 21
Last Checked: Oct 20 at 10:24PM
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 Mary Helen Levine Real Estate LLC
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Investment Insights
Based on property information with market context.
This classic three-unit residential property is laid out for separate living with separate utilities. The home features many upgrades throughout, with large rooms that provide comfortable space within each unit.
The second and third floors include upgraded bathrooms and kitchens, along with hardwood floors. The property is described as being on a quiet yet convenient street, with walkability and transit ratings provided in the remarks.
Offered for sale as a three-family, the configuration supports a variety of occupancy approaches, whether for owner occupation with rental income or for investors seeking a multi-unit asset.
The second and third floors include upgraded bathrooms and kitchens, along with hardwood floors. The property is described as being on a quiet yet convenient street, with walkability and transit ratings provided in the remarks.
Offered for sale as a three-family, the configuration supports a variety of occupancy approaches, whether for owner occupation with rental income or for investors seeking a multi-unit asset.
Key Highlights
- Classic 3‑family home built in 1894 with separate utilities
- Upgraded kitchens and bathrooms on the 2nd and 3rd floors
- Hardwood floors on the upper levels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,115
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$762,300
$762.3K
Cap Rate 7%
$544,500
$544.5K
Cap Rate 9%
$423,500
$423.5K
Market Conditions
NOI Build-Up for 3,383 SF
Gross rent
$58.9K $17.40/SF
− Vacancy
−$4.4K −$1.31/SF
EGI
$54.4K $16.10/SF
− OpEx
−$16.3K −$4.83/SF
NOI
$38.1K $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%
$762,300
Cap Rate 7%
$544,500
Cap Rate 9%
$423,500
Alternative Uses
Best Use
Multifamily LT 5
$544.5K
$476.4K – $635.3K
NOI $38,115 @ 7.0% cap · market cap 5.76%
Second Best
Apartment 5plus
$490.5K
$429.2K – $572.3K
NOI $34,336 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$897.8K
$785.5K – $1.05M
NOI $62,843 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
488
Businesses Nearby
Explore this area
Business Placement
Demographics for 06704, CT
27,300
Population
12,987
Households
2.1
Avg Household Size
34
Median Age
14%
College-Educated
78%
High-School Grad
8.1 sq mi
ZIP Area
3,370
Density / Sq Mi
$47,848
Median Household Income
$33,090
Median Earnings
$1,202
Median Rent
$178,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Classic 3-unit home with separate utilities and upgraded kitchens and bathrooms, featuring hardwood floors on upper levels.
Where is this triplex located?
The property is located at 84 Wheeler Waterbury, CT.
What is the asking price?
The asking price for this property is $661,900.
What are key features of this property?
This property features: Classic 3‑family home built in 1894 with separate utilities; Upgraded kitchens and bathrooms on the 2nd and 3rd floors; Hardwood floors on the upper levels
