Renovated Duplex
9 Ridge Street Waterbury, CT 06706
9 Ridge Street, Waterbury, CT, 06706
$450,000
For Sale
$450,000
Completely renovated from the studs up with new plumbing, electrical, flooring, kitchen, and bathrooms throughout.
Property Size1,344 SF
Price / SF$334.82
Days on Market86
Property Features for 9 Ridge Street
General Information
- Standard status
- Active
- Size
- 1,344 SF
- Property subtype
- 2 Family
Building Details
- Year Built
- 1900
Listing agency
eRealty Advisors, Inc.
(203) 572-6180
Listed by
Omar Ruizesparza
(203) 572-6180
Source
Lockandkeyre
Added: Apr 29 Updated: Jul 22 at 5:46PM Checked: Jul 23 at 5:36AM
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 eRealty Advisors, Inc.
Investment Insights
Based on property information with market context.
This fully renovated duplex at 9 Ridge Street in Waterbury, CT has been rebuilt from the studs up with brand-new plumbing, electrical, flooring, kitchen, and bathrooms. The result is a modern, move-in-ready interior with updated systems and finishes throughout, while still preserving the home’s original charm.
Designed for straightforward day-to-day living, the home features a brand-new kitchen with a fresh, contemporary feel and fully updated baths. All major components have been replaced, reducing maintenance concerns and delivering a “new construction” feel.
Whether you’re purchasing as an owner-occupant or seeking a low-maintenance residential income property, this is a turnkey duplex opportunity with comprehensive updates already completed.
Designed for straightforward day-to-day living, the home features a brand-new kitchen with a fresh, contemporary feel and fully updated baths. All major components have been replaced, reducing maintenance concerns and delivering a “new construction” feel.
Whether you’re purchasing as an owner-occupant or seeking a low-maintenance residential income property, this is a turnkey duplex opportunity with comprehensive updates already completed.
Key Highlights
- Renovated from the studs up with new plumbing, electrical, flooring, kitchen, and bathrooms throughout.
- Completely updated interior systems for a low‑maintenance, move‑in‑ready home.
- Brand‑new kitchen with a fresh, contemporary design.
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 | $23.4k | $17.40 |
| − Vacancy | −$1.8k | −$1.31 |
| EGI | $21.6k | $16.10 |
| − OpEx | −$6.5k | −$4.83 |
| NOI | $15.1k | $11.27 |
1,344 SF · lease $17.40/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$216.3K
$189.3K – $252.4K
NOI $15,142 @ 7.0% cap · market cap 3.36%
Second Best
Apartment 5plus
$194.9K
$170.5K – $227.4K
NOI $13,641 @ 7.0% cap · market cap 3.03%
Theoretical Best
Office A
$356.7K
$312.1K – $416.1K
NOI $24,966 @ 7.0% cap · market cap 5.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
M2J construction LLC
Roofing Company
LuisGeneralConstruction.LLC
Construction Company
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FAQs
What type of property is this?
Duplex - Completely renovated from the studs up with new plumbing, electrical, flooring, kitchen, and bathrooms throughout.
Where is this duplex located?
The property is located at 9 Ridge Street Waterbury, CT.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Renovated from the studs up with new plumbing, electrical, flooring, kitchen, and bathrooms throughout.; Completely updated interior systems for a low‑maintenance, move‑in‑ready home.; Brand‑new kitchen with a fresh, contemporary design.
