Two-Unit Duplex with Renovated
New
For Sale
$350,000
963 North Main, Waterbury, CT 06704
Both apartments offer three bedrooms and one bath, with separate utilities paid by tenants.
Property Size3,091 SF
Price / SF$113.23
Days on Market5
Property Features for 963 North Main
General Information
Standard status
Active
Size
3,091 SF
Property subtype
2 Family
Site & Location
Neighborhood
New_pac
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Individually Metered Utilities
electricity, water
Additional Details
Tenant in Place
Yes
Building Details
Year Built
1893
Listing Agency:
Oxford Realty
Listed By:
Amanda Faroni-Sheehan · License #REB.0793328
(203) 314-4219
Source:
Lockandkeyre
Added: Oct 26
Changed: Oct 29
Last Checked: Oct 30 at 3:31PM
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 Oxford Realty
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Investment Insights
Based on property information with market context.
This 3,091-square-foot duplex contains two apartments, each configured with three bedrooms and one bathroom. The first-floor unit was remodeled before its current tenant moved in; the second-floor apartment has not been described as renovated. The building dates to 1893.
The property is on North Main Street in Waterbury, Connecticut. Shopping, restaurants, public transportation, major highways and local amenities are identified in the surrounding area.
The property is on North Main Street in Waterbury, Connecticut. Shopping, restaurants, public transportation, major highways and local amenities are identified in the surrounding area.
Key Highlights
- Two apartments, each with 3 bedrooms and 1 bathroom
- 3,091 square feet of living space
- First‑floor apartment remodeled before current tenant occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,372
Cap Rate
8.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$627,440
$627.4K
Cap Rate 7%
$448,171
$448.2K
Cap Rate 9%
$348,578
$348.6K
Market Conditions
NOI Build-Up for 3,091 SF
Gross rent
$61.2K $19.80/SF
− Vacancy
−$4.2K −$1.35/SF
EGI
$57.0K $18.45/SF
− OpEx
−$25.7K −$8.30/SF
NOI
$31.4K $10.15/SF
Area
Waterbury, CT
Vacancy
6.80%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$627,440
Cap Rate 7%
$448,171
Cap Rate 9%
$348,578
Alternative Uses
Best Use
Multifamily LT 5
$497.5K
$435.3K – $580.4K
NOI $34,825 @ 7.0% cap · market cap 9.95%
Second Best
Apartment 5plus
$448.2K
$392.2K – $522.9K
NOI $31,372 @ 7.0% cap · market cap 8.96%
Theoretical Best
Office A
$820.3K
$717.7K – $957.0K
NOI $57,418 @ 7.0% cap · market cap 16.41%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
703
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?
Duplex - Both apartments offer three bedrooms and one bath, with separate utilities paid by tenants.
Where is this duplex located?
The property is located at 963 North Main Waterbury, CT.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two apartments, each with 3 bedrooms and 1 bathroom; 3,091 square feet of living space; First‑floor apartment remodeled before current tenant occupancy
