140 Orange Street

Waterbury, CT 06704

$407,500
Price
6
Beds
3
Baths
1,678 Sq. Ft.
$243 / Sq. Ft.
1,678
Sq. Ft.
$243
per Sq. Ft.

Description

This fully-occupied 3-family property in Waterbury is an exceptional investment opportunity with a solid 7.2 percent cap. Featuring large, 800 SF 2-bedroom apartments on each floor with below-market rents. Which means huge upside potential for future rent increases! Each unit has electric heat and hot water, while gas is used for stoves, ensuring separate and tenant-paid utilities. With a low expense ratio and easy-to-manage structure, this property is perfect for both investors seeking strong cash...This fully-occupied 3-family property in Waterbury is an exceptional investment opportunity with a solid 7.2 percent cap. Featuring large, 800 SF 2-bedroom apartments on each floor with below-market rents. Which means huge upside potential for future rent increases! Each unit has electric heat and hot water, while gas is used for stoves, ensuring separate and tenant-paid utilities. With a low expense ratio and easy-to-manage structure, this property is perfect for both investors seeking strong cash flow and owner-occupants looking to maximize income potential. Don't miss out on this high-yield opportunity!
  1. Listed by Zachary Burnett • Sky Realty Group
    P: (860)-305-7782 C: (860)-305-7782 zack.jburnett@gmail.com

Property Details for 140 Orange Street

Basement Description
Full, Unfinished
Direct Waterfront
No
Neighborhood
N/A
Style
Units on different Floors
Garage Parking Info
None
Swimming Pool
No
LISTING UPDATED: 12/31/2024 07:30 PM

Property Details for 140 Orange Street

StatusActive
MLS #24065569
Days on Market5
Taxes$2,949 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / 3 Family
Year Built1900
Lot Size0.12 AC / 5,227 SF
CountyNew Haven County

Building Information for 140 Orange Street

Stories-Residences3Year Built1900Building Size-Lot Size0.12 AC / 5,227 SF

Property Information for 140 Orange Street

Summary
Property and Location
  • Acres Source: Public Records
  • Directions: GPS Friendly
  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed
  • Latitude: 41.558196
  • Longitude: -73.03173
  • State: Connecticut
HOA and Fees
  • Home Owner's Assocation: No
  • Tax Year: July 2024-June 2025
  • Property Tax: $2,949
Interior and Exterior Features
Exterior Features
  • Waterfront Description: Not Applicable
Interior Features
  • Cooling System: Window Unit
  • Heat Type: Baseboard
  • Attic YN: No
  • Fireplaces Total: 0
  • Rooms Total: 12
Property
Property and Assessments
  • Construction Description: Frame
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete, Stone
  • New Construction Type: No/Resale
  • Roof: Asphalt Shingle
  • Year Built: 1900
  • Year Built Source: Public Records
  • Bank Owned Property: No
  • Living Area SQFT Per Public Records: 1678
Lot Information
  • Lot Description: Sloping Lot
  • Parcel Number: 1379818
  • Sq Ft Est Heated Above Grade: 1678.0
  • Sq Ft Total: 1678.0
  • Zoning: RM
Utilities
  • Heat Fuel Type: Electric
  • Hot Water Description: Electric, 40 Gallon Tank
  • Sewage System: Public Sewer Connected
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Gross Annual Expense: 11430
  • Gross Annual Income: 40812
  • Net Operating Income: $29,382
  • Occupied By: Tenant
  • Total Number of Units: 3
  • Total Rooms Multi Family: 12
Unit 1
  • Listing Key: 2A30158CBA9BB458E063D501100A22E4
  • Unit Average Sq Ft: 800
  • Unit Entry Order: 3
  • Unit Full Baths: 1
  • Unit Modified Date: 12-31-2024
  • Unit Monthly Rent: $1,280
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4
Unit 2
  • Listing Key: 2A30158CBA9BB458E063D501100A22E4
  • Unit Average Sq Ft: 800
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Modified Date: 12-31-2024
  • Unit Monthly Rent: $1,500
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4
Unit 3
  • Listing Key: 2A30158CBA9BB458E063D501100A22E4
  • Unit Average Sq Ft: 800
  • Unit Entry Order: 2
  • Unit Full Baths: 1
  • Unit Modified Date: 12-31-2024
  • Unit Monthly Rent: $800
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4

Property History for 140 Orange Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 140 Orange Street

Taxable ValueLand$11,970Additions$66,150Total$78,120
Tax Record2023$3,862 ($322 / month)
Home Facts
Baths3Total Finished SqFt1,678 SqFtAbove Grade Finished SqFt1,678 SqFtStories2Lot Size5,227 SqFtStyleTriplexYear Built1900Year Renovated1965ZoningRMCountyNEW HAVENAPNWBRY M:0256 B:0571 L:0067

Schools near 140 Orange Street

This home is within Waterbury School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
B. W. Tinker School
PublicPK to 5

West Side Middle School
Public6 to 8

John F. Kennedy High School
Public9 to 12

Waterbury Arts Magnet School (Middle)
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

140 Orange Street is a multi-family home for sale in Waterbury, CT 06704. This property was listed for sale on December 30, 2024 by Sky Realty Group, it's currently listed at $407,500. It has been on the market for a total of 5 days and was last sold on April 2, 2004. This listing's school district is Waterbury School District. Nearby schools include B. W. Tinker School, West Side Middle School and John F. Kennedy High School. 140 Orange Street is a 6-bed, 3-bath, 1,678 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Sky Realty Group, Zachary Burnett

Based on information from one of the following Multiple Listing Services: Darien MLS, Smart MLS and Greenwich Multiple Listing Service. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Darien MLS, Smart MLS and Greenwich Multiple Listing Service is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.