Triplex with Individual
New
For Sale
$500,000
878 Highland Ave, Waterbury, CT 06708
Each residence has its own furnace and water heater, along with washer/dryer hookups.
Property Size4,016 SF
Price / SF$124.50
Days on Market6
Property Features for 878 Highland Ave
General Information
Standard status
Active
Size
4,016 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
3
Building Details
Year Built
1919
Listing Agency:
KW Legacy Partners
Listed By:
Cordel Codling (860) 313-0700 (860) 313-0700 · License #RES.0830754
(860) 313-0700
Source:
Fairfieldcountycthomesearch
Added: Oct 6
Changed: Oct 10
Last Checked: Oct 9 at 7:31PM
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 KW Legacy Partners
Investment Insights
Based on property information with market context.
Built in 1919, this three-unit property has separate utilities for each residence, with an individual furnace and hot water heater in each unit. Washer/dryer hookups are also provided. Kitchens and bathrooms in the first- and second-floor units have tile flooring, with hardwood or laminate floors in their living rooms, dining rooms, and bedrooms.
The third-floor unit includes a kitchen with an eating area, a living room, a bedroom, and an additional room suited to use as an office, den, or living space. Its kitchen and bathroom have tile flooring.
The third-floor unit includes a kitchen with an eating area, a living room, a bedroom, and an additional room suited to use as an office, den, or living space. Its kitchen and bathroom have tile flooring.
Key Highlights
- Three separate residential units
- Separate utilities, furnace, and hot water heater for each unit
- Washer/dryer hookups in each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,246
Cap Rate
9.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$904,920
$904.9K
Cap Rate 7%
$646,371
$646.4K
Cap Rate 9%
$502,733
$502.7K
Market Conditions
NOI Build-Up for 4,016 SF
Gross rent
$69.9K $17.40/SF
− Vacancy
−$5.2K −$1.31/SF
EGI
$64.6K $16.10/SF
− OpEx
−$19.4K −$4.83/SF
NOI
$45.2K $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 Rate 5%
$904,920
Cap Rate 7%
$646,371
Cap Rate 9%
$502,733
Alternative Uses
Best Use
Multifamily LT 5
$646.4K
$565.6K – $754.1K
NOI $45,246 @ 7.0% cap · market cap 9.05%
Second Best
Apartment 5plus
$582.3K
$509.5K – $679.3K
NOI $40,760 @ 7.0% cap · market cap 8.15%
Theoretical Best
Office A
$1.07M
$932.5K – $1.24M
NOI $74,601 @ 7.0% cap · market cap 14.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
400
Businesses Nearby
Explore this area
Business Placement
Demographics for 06708, CT
30,345
Population
13,061
Households
2.3
Avg Household Size
38
Median Age
22%
College-Educated
84%
High-School Grad
9.4 sq mi
ZIP Area
3,228
Density / Sq Mi
$63,705
Median Household Income
$40,515
Median Earnings
$1,275
Median Rent
$196,700
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
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Frequently Asked Questions
What type of property is this?
Triplex - Each residence has its own furnace and water heater, along with washer/dryer hookups.
Where is this triplex located?
The property is located at 878 Highland Ave Waterbury, CT.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Three separate residential units; Separate utilities, furnace, and hot water heater for each unit; Washer/dryer hookups in each residence
