Renovated Triplex with
For Sale
$469,900
12 , Waterbury, CT 06704
Three residential units offer updated interiors, separate utilities, and off-street parking.
Property Size3,163 SF
Price / SF$148.56
Days on Market49
Property Features for 12
General Information
Standard status
Active
Size
3,163 SF
Property subtype
3 Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 4BR/1BA, 1 x 2BR/1BA
Multifamily Units
3
Building Details
Year Built
1903
Listing Agency:
Oxford Realty
(203) 314-4219
Listed By:
Amanda Faroni-Sheehan · License #REB.0793328
(203) 758-0264
Source:
Lockandkeyre
Added: Aug 18
Changed: Oct 4
Last Checked: Oct 5 at 6:05PM
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 3,163-square-foot triplex, built in 1903, contains two four-bedroom, one-bath apartments on the first and second floors and a two-bedroom, one-bath apartment on the third. Interior work includes refreshed kitchens and bathrooms, new paint, flooring, fixtures, and other improvements. The exterior is finished with low-maintenance vinyl siding, and the property includes a private driveway with off-street parking.
Each unit has separate, tenant-paid utilities, including gas heat and hot water. The first-floor apartment is available for an owner-occupant, while the remaining units provide rental income potential. The property is located at 12 Aetna Street in Waterbury’s North End, with access to major highways, shopping, public transportation, and area amenities.
Each unit has separate, tenant-paid utilities, including gas heat and hot water. The first-floor apartment is available for an owner-occupant, while the remaining units provide rental income potential. The property is located at 12 Aetna Street in Waterbury’s North End, with access to major highways, shopping, public transportation, and area amenities.
Key Highlights
- 3,163 SF triplex built in 1903
- Unit mix includes two 4‑bedroom/1‑bath units and one 2‑bedroom/1‑bath unit
- Renovated kitchens and bathrooms, fresh paint, updated flooring, and fixtures
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,636
Cap Rate
7.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$712,720
$712.7K
Cap Rate 7%
$509,086
$509.1K
Cap Rate 9%
$395,956
$396.0K
Market Conditions
NOI Build-Up for 3,163 SF
Gross rent
$55.0K $17.40/SF
− Vacancy
−$4.1K −$1.31/SF
EGI
$50.9K $16.10/SF
− OpEx
−$15.3K −$4.83/SF
NOI
$35.6K $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%
$712,720
Cap Rate 7%
$509,086
Cap Rate 9%
$395,956
Alternative Uses
Best Use
Multifamily LT 5
$509.1K
$445.5K – $593.9K
NOI $35,636 @ 7.0% cap · market cap 7.58%
Second Best
Apartment 5plus
$458.6K
$401.3K – $535.1K
NOI $32,103 @ 7.0% cap · market cap 6.83%
Theoretical Best
Office A
$839.4K
$734.5K – $979.3K
NOI $58,756 @ 7.0% cap · market cap 12.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
339
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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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units offer updated interiors, separate utilities, and off-street parking.
Where is this triplex located?
The property is located at 12 Waterbury, CT.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: 3,163 SF triplex built in 1903; Unit mix includes two 4‑bedroom/1‑bath units and one 2‑bedroom/1‑bath unit; Renovated kitchens and bathrooms, fresh paint, updated flooring, and fixtures
