Two-Family
99 Congress Ave, Waterbury, CT 06708
For Sale
New
$298,000
Each residence has a tenant on a month-to-month arrangement.
Property Size2,589 SF
Price / SF$115.10
Days on Market6
Property Features for 99 Congress Ave
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Additional Details
Multifamily Units
Tenant in Place
Building Details
Year Built
Tenancy
Listing Agency:
RE/MAX RISE
Listed By:
Diana Mashni · License #RES.0826957
(203) 706-9775
Source:
Fairfieldcountycthomesearch
Added: Nov 4
Changed: Nov 7
Last Checked: Nov 8 at 7:18AM
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 RE/MAX RISE
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Investment Insights
Based on property information with market context.
Built in 1898, this two-family duplex at 99 Congress in Waterbury, Connecticut, contains two residences. Both are occupied by tenants under month-to-month arrangements.
Key Highlights
- Two residences, both occupied by month‑to‑month tenants
- Built in 1898
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,277
Cap Rate
8.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$525,540
$525.5K
Cap Rate 7%
$375,386
$375.4K
Cap Rate 9%
$291,967
$292.0K
Market Conditions
NOI Build-Up for 2,589 SF
Gross rent
$51.3K $19.80/SF
− Vacancy
−$3.5K −$1.35/SF
EGI
$47.8K $18.45/SF
− OpEx
−$21.5K −$8.30/SF
NOI
$26.3K $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%
$525,540
Cap Rate 7%
$375,386
Cap Rate 9%
$291,967
Alternative Uses
Best Use
Multifamily LT 5
$416.7K
$364.6K – $486.2K
NOI $29,169 @ 7.0% cap · market cap 9.79%
Second Best
Apartment 5plus
$375.4K
$328.5K – $438.0K
NOI $26,277 @ 7.0% cap · market cap 8.82%
Theoretical Best
Office A
$687.0K
$601.2K – $801.6K
NOI $48,093 @ 7.0% cap · market cap 16.14%
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
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,432
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
$196,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Waterbury, CT
Properties on Market for Duplexes in Waterbury
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has a tenant on a month-to-month arrangement.
Where is this duplex located?
The property is located at 99 Congress Ave Waterbury, CT.
What is the asking price?
The asking price for this property is $298,000.
What are key features of this property?
This property features: Two residences, both occupied by month‑to‑month tenants; Built in 1898
