Updated 3-Family
841 Highland Avenue Waterbury, CT 06708
841 Highland Avenue, Waterbury, CT, 06708
$499,000
For Sale
$499,000
Updated 3-family residence with roof and most windows replaced in 2021 and a 2-car garage conveyed as-is.
Property Size2,758 SF
Price / SF$180.93
Days on Market11
Property Features for 841 Highland Avenue
General Information
- Standard status
- Active
- Size
- 2,758 SF
- Property subtype
- Multi-Family / 3 Family
Building Details
- Year Built
- 1900
Listing agency
Marr Caruso Realty Group
(203) 550-1077
Listed by
Omar Arce · License #RES.0794989
(203) 550-1077
Source
Compass
Added: Jul 12 Updated: Jul 21 at 3:51AM Checked: Jul 22 at 8:32AM
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 Marr Caruso Realty Group
Investment Insights
Based on property information with market context.
This updated 3-family home offers a versatile layout with additional land on the side. Roof and most windows were replaced in 2021. The property includes a partially finished basement with a separate entrance, supporting flexible day-to-day access.
A 2-car garage is also included and will be conveyed “As-Is, Where-is.” The home is described as conveniently located near shopping, restaurants, and major roads.
Additional space on the side adds practical flexibility, whether you’re planning for a more productive use of the property or looking for extra outdoor room alongside the existing residential setup.
A 2-car garage is also included and will be conveyed “As-Is, Where-is.” The home is described as conveniently located near shopping, restaurants, and major roads.
Additional space on the side adds practical flexibility, whether you’re planning for a more productive use of the property or looking for extra outdoor room alongside the existing residential setup.
Key Highlights
- Updated 3‑family home built in 1900 with Hot Air heat and window‑unit cooling
- Roof and most windows were replaced in 2021
- 2‑car garage will be conveyed as‑is, where‑is
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 | $48.0k | $17.40 |
| − Vacancy | −$3.6k | −$1.31 |
| EGI | $44.4k | $16.10 |
| − OpEx | −$13.3k | −$4.83 |
| NOI | $31.1k | $11.27 |
2,758 SF · lease $17.40/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$443.9K
$388.4K – $517.9K
NOI $31,073 @ 7.0% cap · market cap 6.23%
Second Best
Apartment 5plus
$399.9K
$349.9K – $466.5K
NOI $27,992 @ 7.0% cap · market cap 5.61%
Theoretical Best
Office A
$731.9K
$640.4K – $853.9K
NOI $51,233 @ 7.0% cap · market cap 10.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Updated 3-family residence with roof and most windows replaced in 2021 and a 2-car garage conveyed as-is.
Where is this triplex located?
The property is located at 841 Highland Avenue Waterbury, CT.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Updated 3‑family home built in 1900 with Hot Air heat and window‑unit cooling; Roof and most windows were replaced in 2021; 2‑car garage will be conveyed as‑is, where‑is
