Renovated Two-Family
94 Walnut Street Waterbury, CT 06704
94 Walnut Street, Waterbury, CT, 06704
$399,900
For Sale
$399,900
Turnkey renovated two-family with updated kitchens and baths, two- and three-bedroom units, plus third-floor finished flex space.
Property Size2,178 SF
Price / SF$183.61
Days on Market60
Property Features for 94 Walnut Street
General Information
- Standard status
- Active
- Size
- 2,178 SF
- Property subtype
- Multi-Family / 2 Family
Building Details
- Year Built
- 1889
Listing agency
Oxford Realty
(203) 314-4219
Listed by
Amanda R Faroni-Sheehan · License #REB.0793328
(203) 314-4219
Source
Compass
Added: May 24 Updated: Jul 22 at 2:15PM Checked: Jul 22 at 2:15PM
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 Oxford Realty
Investment Insights
Based on property information with market context.
This beautifully renovated two-family property offers two separate residences with modern updates throughout. The first-floor unit includes 2 bedrooms and 1 full bath. The second-floor unit features 3 bedrooms and 1 full bath, along with access to two finished rooms on the third floor for additional living space that can be used as office, guest, or other flexible rooms.
Both units have been updated with new flooring, fresh paint, modern fixtures, and attractive finishes, including new kitchens and baths. Separate, tenant-paid utilities support convenient occupancy management. Off-street parking is available, and the property includes a detached 3-car garage that can provide additional parking and storage.
Set up for either an owner-occupant arrangement or investment use, the home is described as being in a convenient location near shopping, restaurants, schools, public transportation, and major highways.
Both units have been updated with new flooring, fresh paint, modern fixtures, and attractive finishes, including new kitchens and baths. Separate, tenant-paid utilities support convenient occupancy management. Off-street parking is available, and the property includes a detached 3-car garage that can provide additional parking and storage.
Set up for either an owner-occupant arrangement or investment use, the home is described as being in a convenient location near shopping, restaurants, schools, public transportation, and major highways.
Key Highlights
- Renovated 2‑family built in 1889 with two separate units and a finished, walk‑up attic
- First‑floor unit: 2 bedrooms and 1 full bath, updated with new flooring, fresh paint, and a new kitchen and bath
- Second‑floor unit: 3 bedrooms and 1 full bath, updated with new flooring, fresh paint, and a new kitchen and bath
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 | $37.9k | $17.40 |
| − Vacancy | −$2.8k | −$1.31 |
| EGI | $35.1k | $16.10 |
| − OpEx | −$10.5k | −$4.83 |
| NOI | $24.5k | $11.27 |
2,178 SF · lease $17.40/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$350.5K
$306.7K – $409.0K
NOI $24,538 @ 7.0% cap · market cap 6.14%
Second Best
Apartment 5plus
$315.8K
$276.3K – $368.4K
NOI $22,106 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$578.0K
$505.7K – $674.3K
NOI $40,459 @ 7.0% cap · market cap 10.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Parra
Discount Store
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Turnkey renovated two-family with updated kitchens and baths, two- and three-bedroom units, plus third-floor finished flex space.
Where is this duplex located?
The property is located at 94 Walnut Street Waterbury, CT.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Renovated 2‑family built in 1889 with two separate units and a finished, walk‑up attic; First‑floor unit: 2 bedrooms and 1 full bath, updated with new flooring, fresh paint, and a new kitchen and bath; Second‑floor unit: 3 bedrooms and 1 full bath, updated with new flooring, fresh paint, and a new kitchen and bath
