Two-Unit Duplex with Detached
For Sale
$339,900
Pending
206 , Waterbury, CT 06708
Updated kitchens and baths, enclosed porches, separate utilities, and off-street parking support practical two-unit living.
Property Size1,508 SF
Days on Market39
Property Features for 206
General Information
Standard status
Pending
Size
1,508 SF
Property subtype
2 Family
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
enclosed porches
basement
detached garage
Building Details
Year Built
1918
Listing Agency:
Mapleridge Realty
(203) 725-7004
Listed By:
Tommy Dorso · License #REB.0792861
Source:
Lockandkeyre
Added: Sep 7
Changed: Oct 7
Last Checked: Oct 15 at 12:49AM
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 Mapleridge Realty
Investment Insights
Based on property information with market context.
This two-family duplex at 206 Chipman Street includes two residential units, each with two bedrooms, living space, an eat-in kitchen, a renovated bathroom, enclosed porch, and closet storage. The property sits on a level lot measuring more than half an acre and includes a dry basement for additional storage. Separate utilities serve the units.
A detached two-car garage and off-street parking complement the building. Recent improvements include the roof, windows, front walkways, concrete garage floor, electrical panel, high-efficiency furnace, and fire-rated doors. The property is located in Waterbury’s Town Plot section, seconds from major highways.
A detached two-car garage and off-street parking complement the building. Recent improvements include the roof, windows, front walkways, concrete garage floor, electrical panel, high-efficiency furnace, and fire-rated doors. The property is located in Waterbury’s Town Plot section, seconds from major highways.
Key Highlights
- Two‑family duplex with two bedrooms in each unit
- Level lot measuring more than half an acre
- Detached two‑car garage plus off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,990
Cap Rate
5.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$339,800
$339.8K
Cap Rate 7%
$242,714
$242.7K
Cap Rate 9%
$188,778
$188.8K
Market Conditions
NOI Build-Up for 1,508 SF
Gross rent
$26.2K $17.40/SF
− Vacancy
−$2.0K −$1.31/SF
EGI
$24.3K $16.10/SF
− OpEx
−$7.3K −$4.83/SF
NOI
$17.0K $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%
$339,800
Cap Rate 7%
$242,714
Cap Rate 9%
$188,778
Alternative Uses
Best Use
Multifamily LT 5
$242.7K
$212.4K – $283.2K
NOI $16,990 @ 7.0% cap · market cap 5.00%
Second Best
Apartment 5plus
$218.6K
$191.3K – $255.1K
NOI $15,305 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$400.2K
$350.2K – $466.9K
NOI $28,013 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
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
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Cap Rate, Value Estimation, Potential NOI and more
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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 - Updated kitchens and baths, enclosed porches, separate utilities, and off-street parking support practical two-unit living.
Where is this duplex located?
The property is located at 206 Waterbury, CT.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: Two‑family duplex with two bedrooms in each unit; Level lot measuring more than half an acre; Detached two‑car garage plus off‑street parking
