68 Willow St Waterbury, CT 06710
Property profile & analytics
68 Willow St, Waterbury, CT 06710
- Investment properties
- 6,093 SF
- 0.16 lot acres
Property ID
US15-0671419
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Willow Deli Market / Grocery & Convenience Store
Property Details for 68 Willow St
- Year built
- 1890
- Lot size
- 0.16 lot acres
- Zone code
- RO
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- WBRY M:0253 B:0064 L:0146
- APU
- WBRYM0253B0064L0146
Description
This exceptional mixed-use property, located at 68 Willow St in Waterbury, Connecticut, presents a compelling investment opportunity. The three-story, 6,093 square foot building, constructed in 1890 and renovated in 2020, boasts nine units: six two-bedroom, one-bathroom apartments, one studio apartment, and two retail spaces. Currently operating at 90% occupancy, the property generates a strong net operating income (NOI) of $75,641, yielding an 11.64% capitalization rate. Pro forma projections indicate a potential NOI of $79,388 and a 12.22% cap rate, suggesting significant upside potential. The building sits on a 0.16-acre corner lot, offering excellent visibility. Utilities are separately metered and paid by tenants, minimizing landlord responsibilities. On-street parking is available, further reducing maintenance costs. The property is zoned RO and offers the potential for rent increases. The asking price is $649,900, translating to $72,211.11 per unit and $106.66 per square foot. This stabilized value-add investment is ideal for those seeking strong cash flow and potential for appreciation. The property is also available as part of a larger portfolio.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $565,000
- ML approach
- $550,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $512,000
- AI Estimate
- $396,000
Market price range: $209k - $682kMarket price range: $218k - $417k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $425,000 Current use
- RESTAURANT
- $890,000 Change: +110% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $600,000 Change: +42% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $555,000 Change: +30% Conversion: Difficult
- OFFICE BUILDING
- $495,000 Change: +17% Conversion: Easy
- RETAIL STORES
- $495,000 Change: +16% Conversion: Easy
- WAREHOUSE, STORAGE
- $360,000 Change: -15% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Waterbury
- County
- New Haven
- State
- Connecticut
- Longitude
- -73.0466
- Latitude
- 41.5598
- CBSA code
- 35300
- CBSA name
- NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$14,764
$30,450
$268,170
$298,620
-
$0.00
$0.00
$0.00
