Duplex with Shared
For Sale
$209,000
129 , Waterbury, CT 06705
Two-family duplex with semi-updated kitchens, shared driveway access, and flexible bedroom potential per unit.
Property Size1,340 SF
Price / SF$155.97
Days on Market71
Property Features for 129
General Information
Standard status
Active
Size
1,340 SF
Property subtype
2 Family
Building Details
Year Built
1909
Tenancy
Multi
Listing Agency:
Better Living Realty, LLC
(203) 756-2520
Listed By:
Jessie Tajildeen · License #REB.0792771
(203) 695-2130
Source:
Lockandkeyre
Added: Jul 28
Changed: Oct 4
Last Checked: Oct 5 at 7:31PM
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 Better Living Realty, LLC
Investment Insights
Based on property information with market context.
This two-family duplex offers a functional layout and individual unit space with semi-updated kitchens and a full bathroom in each unit. Each unit also has the possibility of two bedrooms, providing flexibility for an owner-occupant or rental use. The property is in fair condition and requires updates.
The home includes a shared driveway and is a project-style opportunity built in 1909. With the right improvements, it can be brought back to modern living standards while maintaining its duplex configuration.
The total property size is 1,340 SF, supporting a straightforward duplex setup designed for separate unit living.
The home includes a shared driveway and is a project-style opportunity built in 1909. With the right improvements, it can be brought back to modern living standards while maintaining its duplex configuration.
The total property size is 1,340 SF, supporting a straightforward duplex setup designed for separate unit living.
Key Highlights
- Two‑family duplex with semi‑updated kitchens in each unit
- Shared driveway provides common access
- Full bathroom in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,097
Cap Rate
7.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$301,940
$301.9K
Cap Rate 7%
$215,671
$215.7K
Cap Rate 9%
$167,744
$167.7K
Market Conditions
NOI Build-Up for 1,340 SF
Gross rent
$23.3K $17.40/SF
− Vacancy
−$1.7K −$1.31/SF
EGI
$21.6K $16.10/SF
− OpEx
−$6.5K −$4.83/SF
NOI
$15.1K $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%
$301,940
Cap Rate 7%
$215,671
Cap Rate 9%
$167,744
Alternative Uses
Best Use
Multifamily LT 5
$215.7K
$188.7K – $251.6K
NOI $15,097 @ 7.0% cap · market cap 7.22%
Second Best
Apartment 5plus
$194.3K
$170.0K – $226.7K
NOI $13,600 @ 7.0% cap · market cap 6.51%
Theoretical Best
Office A
$355.6K
$311.2K – $414.9K
NOI $24,892 @ 7.0% cap · market cap 11.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
479
Businesses Nearby
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Business Placement
Demographics for 06705, CT
27,197
Population
12,222
Households
2.2
Avg Household Size
38
Median Age
18%
College-Educated
86%
High-School Grad
5.6 sq mi
ZIP Area
4,857
Density / Sq Mi
$53,169
Median Household Income
$41,327
Median Earnings
$1,165
Median Rent
$177,700
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?
Duplex - Two-family duplex with semi-updated kitchens, shared driveway access, and flexible bedroom potential per unit.
Where is this duplex located?
The property is located at 129 Waterbury, CT.
What is the asking price?
The asking price for this property is $209,000.
What are key features of this property?
This property features: Two‑family duplex with semi‑updated kitchens in each unit; Shared driveway provides common access; Full bathroom in each unit
