Great turn-key investment opportunity available to both primary homeowners, as well as investors. This 4-family property has a very strong rent roll and a vacant unit available for primary homeowners. This property yields a 22% return at full market values, amounting to a yearly net cash flow of $39,000. There are three 3-bedroom units and one 2-bedroom unit. The high bedroom counts provide significant upside in lease up. Three of the four units have undergone substantial renovations over the last 2 years. The property also features updated electric panels, newer mechanicals, off-street parking, and a BRAND NEW ROOF, with tenant paid utilities. FHA eligible.
Multi-familyProperty Type
1890Year Built
7,840 sq ftLot Size
$195Est. Price/Sq.Ft.
Listed by Anthony Velez• Realty Exclusive LLC
Bought with Christopher Germosen• King Realty Group LLC
Source:Smart MLS #24055812
Redfin Estimate
$621,743
$127K since sold in December 2024$1,000 since August
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 34.3% higher than the average sale price ($463K) of 6 comparable homes.
Well maintained 4 Family home. Newer gas furnaces and updated flooring make this a great opportunity for an investment. ********* Highest and Best Offers by Sunday April 24th at 5:00*********************
Smart MLS #G579638
Dec 9, 2010
Listed
$14,000
$4/sq ft
Smart MLS #W1041352
Jul 24, 2009
Listing Removed
—
Jul 25, 2007
Listed
$160,000
$50/sq ft
HGMLS #2801020
Jan 9, 2009
Delisted
—
Jan 9, 2008
Listed
*
Public Records
Aug 23, 2005
Sold
$205,000
$64/sq ft
Smart MLS #G386877
Jun 13, 2005
Listed
$219,900
$69/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$11,236 (+90.8%)
$15,750 + $191,590
$207,340
2022
$5,888
$15,720 + $82,070
$97,790
2021
$5,888
$15,720 + $82,070
$97,790
2020
$5,888
$15,720 + $82,070
$97,790
2019
$5,888
$15,720 + $82,070
$97,790
2018
$5,888 (−3.1%)
$15,720 + $82,070
$97,790
2017
$6,077
$15,730 + $85,200
$100,930
2016
$6,077 (+5.7%)
$15,730 + $85,200
$100,930
2013
$5,751
$15,730 + $85,200
$100,930
2011
$5,751
$15,730 + $85,200
$100,930
Tax history for 1215 Bank St
Year
Property tax
Land + Additions
Assessment*
2023
$11,236 (+90.8%)
$15,750 + $191,590
$207,340
2022
$5,888
$15,720 + $82,070
$97,790
2021
$5,888
$15,720 + $82,070
$97,790
2020
$5,888
$15,720 + $82,070
$97,790
2019
$5,888
$15,720 + $82,070
$97,790
2018
$5,888 (−3.1%)
$15,720 + $82,070
$97,790
2017
$6,077
$15,730 + $85,200
$100,930
2016
$6,077 (+5.7%)
$15,730 + $85,200
$100,930
2013
$5,751
$15,730 + $85,200
$100,930
2011
$5,751
$15,730 + $85,200
$100,930
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
7
Baths
4
Stories
3
Lot width
—
Lot depth
—
Lot size
7,841 Sq. Ft.
Year renovated
1965
Sq. Ft.
3,182
Year built
1890
Style
Multi-Family (5+ Unit)
County
New Haven County
APN
1391781
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 13, 2023.
RM
Medium Density Multi-Family Residential District
The RM District is established to provide for a variety of housing choices and limited nonresidential uses. The District allows for moderate density multi-family residences, townhouses, and Residential Campus Developments. Uses and Conditional Accessory Uses are permitted by Zoning Permit, Special Permit, or Special Exception approval as provided in of these Regulations.
Permitted uses
Include but are not limited to:
No uses permitted by right
Property details
Interior
Interior Information
Total Rooms: 19
Bathroom Information
# of Baths (Full): 4
Bedroom Information
Beds Total: 11
Room Information
Basement Description: Full, Concrete Floor
Multi-Unit Information
Total Rooms Multi Family: 19
Total Number of Units: 4
Exterior
Exterior Features
Roof Information: Shingle
Exterior Siding: Vinyl Siding
Building Information
Foundation Type: Block
Construction Description: Frame
Property Information
Property Type: Multi-Family For Sale
Property Sub Type: 4 Family
Living Area SQFT Per Public Record: 3182
Financial
Assessments Information
Assessed Value: $207,340
Utilities
Utility Information
Water Source: Public Water Connected
Sewage System: Public Sewer Connected
Heat Type: Hot Water
Heat Fuel Type: Natural Gas
Location
School Information
High School: Per Board of Ed
Elementary School: Per Board of Ed
Location Information
State: Connecticut
Directions: 1215 bank st, Waterbury, Ct Park street side
County: New Haven
Public facts
Beds: 7
Baths: 4.0
Sq. Ft.: 3,182
Stories: 3.0
Lot Size: 7,841 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1890
Year Renovated: 1965
County: New Haven County
APN: 1391781
Home facts updated by county records on Jul 13, 2023
Other
Documents & Disclosures
Supplement Count Public: 1
Around this home
Schools
Duggan School
Public PreK-8 • Assigned • 0.2mi
4/10
John F. Kennedy High School
Public 9-12 • Assigned • 0.7mi
1/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 96° expected this year, 15 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Waterbury, CT • 06708
Average low and high temperatures (°F)
32
18
35
20
51
31
61
40
68
50
79
59
83
66
79
58
73
55
64
44
51
35
37
23
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.8 hours in
June and 4.3 hours in December, placing it below the
U.S. average for solar exposure.