Renovated Triplex
For Sale
$559,999
601 , Waterbury, CT 06708
Three renovated units near transportation, shopping, restaurants, and highway connections.
Property Size3,192 SF
Price / SF$175.44
Days on Market59
Property Features for 601
General Information
Standard status
Active
Size
3,192 SF
Property subtype
3 Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Building Details
Year Built
1916
Listing Agency:
Larracuente & Johnson Realty, LLC
(203) 366-7355
Listed By:
Michael Nembhard · License #RES.0761192
(203) 243-0598
Source:
Lockandkeyre
Added: Aug 9
Changed: Oct 4
Last Checked: Oct 5 at 7:03PM
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 Larracuente & Johnson Realty, LLC
Investment Insights
Based on property information with market context.
This triplex property contains three renovated units within a 3,192-square-foot building constructed in 1916. The improvements provide updated residential spaces across the existing multifamily layout.
The property is located at 601 Washington Avenue in Waterbury, Connecticut, with access to transportation, shopping, restaurants, and nearby highways. Its established setting and renovated units support continued use as a multifamily residential property.
The property is located at 601 Washington Avenue in Waterbury, Connecticut, with access to transportation, shopping, restaurants, and nearby highways. Its established setting and renovated units support continued use as a multifamily residential property.
Key Highlights
- Triplex configuration with three units
- All units have been renovated
- 3,192‑square‑foot property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,963
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$719,260
$719.3K
Cap Rate 7%
$513,757
$513.8K
Cap Rate 9%
$399,589
$399.6K
Market Conditions
NOI Build-Up for 3,192 SF
Gross rent
$55.5K $17.40/SF
− Vacancy
−$4.2K −$1.31/SF
EGI
$51.4K $16.10/SF
− OpEx
−$15.4K −$4.83/SF
NOI
$36.0K $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%
$719,260
Cap Rate 7%
$513,757
Cap Rate 9%
$399,589
Alternative Uses
Best Use
Multifamily LT 5
$513.8K
$449.5K – $599.4K
NOI $35,963 @ 7.0% cap · market cap 6.42%
Second Best
Apartment 5plus
$462.8K
$405.0K – $540.0K
NOI $32,397 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office A
$847.1K
$741.2K – $988.3K
NOI $59,295 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
859
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three renovated units near transportation, shopping, restaurants, and highway connections.
Where is this triplex located?
The property is located at 601 Waterbury, CT.
What is the asking price?
The asking price for this property is $559,999.
What are key features of this property?
This property features: Triplex configuration with three units; All units have been renovated; 3,192‑square‑foot property
