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Great 4-Family Investment or Owner-Occupy 156 Orange St 4 Unit Apartment Building $489,900 ($122,475/Unit) 8.50% Cap Rate Waterbury, CT 06704
INVESTMENT HIGHLIGHTS
- 4 Family
- Move in Ready
- Minimal Expenses & Maintenance
- Invest or Owner Occupy
- Separate & Tenant Paid Utilities
- Convenient Location
EXECUTIVE SUMMARY
Great 4-Family Investment or Owner-Occupant Opportunity! Move-in ready and perfect for both owner-occupants and investors -choose your tenants and start collecting rent immediately! All four units are 2 bed / 1 bath, featuring hardwood floors, neutral paint, and mostly renovated kitchens and bathrooms. Each unit has separate, tenant-paid utilities, keeping operating expenses low. The property includes vinyl siding, replacement windows throughout, and open front porches for tenant use. Exterior features require minimal upkeep, with a one-car detached garage and on-street parking only for simple maintenance. Located in a highly convenient area close to downtown, shopping/mall, highway access, the hospital, and more-ideal for strong rental demand. Turn-key, easy to rent, and flexible for multiple strategies-don't miss this one!
PROPERTY FACTS
| Price | $489,900 | Apartment Style | Garden |
| Price Per Unit | $122,475 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.08 AC |
| Cap Rate | 8.50% | Building Size | 2,634 SF |
| No. Units | 4 | Average Occupancy | 25% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1900/2024 |
| Zoning | RM | ||
| Price | $489,900 |
| Price Per Unit | $122,475 |
| Sale Type | Investment |
| Cap Rate | 8.50% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 2,634 SF |
| Average Occupancy | 25% |
| No. Stories | 2 |
| Year Built/Renovated | 1900/2024 |
| Zoning | RM |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Eat-in Kitchen
- Hardwood Floors
- Refrigerator
- Built-In Bookshelves
SITE AMENITIES
- Trash Pickup - Curbside
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | $1,250 | 655 |
1 1
Walk Score®
Very Walkable (79)
PROPERTY TAXES
| Parcel Number | WATE-000256-000571-000071 | Improvements Assessment | $91,700 |
| Land Assessment | $10,710 | Total Assessment | $102,410 |
PROPERTY TAXES
Parcel Number
WATE-000256-000571-000071
Land Assessment
$10,710
Improvements Assessment
$91,700
Total Assessment
$102,410
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Great 4-Family Investment or Owner-Occupy | 156 Orange St
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