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    Three-Unit Apartment Building Title is generated by Realmo AI

    23 Plaza Avenue, Waterbury, CT 06710

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    Claim this Listing
    Pending
    $450,000

    MULTI_FAMILY - Waterbury, CT

    Property size:
    3,245 SF
    Lot size:
    0.10 Acres
    Added:
    Jun 12, 2026
    Days on Market:
    16
    Last Refresh:
    Jun 27 at 1:06 pm

    Property Features for 23 Plaza Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    RM
    Bedrooms
    9
    Bathrooms
    3
    Rooms
    Bedroom 9, Bedroom 8, Bedroom 6, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 7, Basement, Bathroom 2, Bedroom 3, Bedroom 1, Bathroom 3, Bedroom 5
    Parking
    3
    Patio and Porch features
    Porch
    Exterior features
    Porch
    Basement
    Full
    Standard status
    Pending
    Size
    3,245 SF
    Lot size
    0.10 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    4855

    Utilities

    Sewer type
    Public Sewer
    Cooling system
    Window Unit(s), None (Cooling)
    Water source
    Public

    Building Details

    Year built
    1900
    Architectural style
    Other

    We can help!

    Contact an agent
    Robert Ghent

    Listing agent Robert Ghent License #REB.0790043

    Listing office Ghent Realty Advisors 555 Heritage Road, Suite 5, Waterbury, CT

    Listing date Jun 12, 2026

    MLS# 24183604 Listing URL

    Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Three‑family property with three 3‑bed, 1‑bath units
    • New roof installed in 2021
    • Separately metered utilities with tenant‑paid heat (gas), hot water, and electricity
    • Public water and public sewer
    • On‑street parking
    • Porch; window unit cooling (no central cooling reported)

    Overview

    This three-unit multifamily property includes three three-bedroom, one-bath apartments. The roof was installed in 2021. Each unit has separate utility metering, with heat supplied by gas and hot water and electricity also separately metered and tenant-paid.

    Located in the Willow Plaza neighborhood of Waterbury, the property is positioned for convenient access to Downtown Waterbury, Waterbury Hospital, shopping, restaurants, public transportation, and major highways. Parking is available on-street.

    The unit mix and separately metered setup make this building a practical fit for investors or owner-operators looking for a straightforward three-family structure with tenant responsibility for utilities, including gas heat, hot water, and electricity. With three-bedroom layouts across all units, the property may appeal to tenants seeking larger apartment accommodations within a centrally accessible area.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $56.5k $17.40
    − Vacancy −$4.2k −$1.31
    EGI $52.2k $16.10
    − OpEx −$15.7k −$4.83
    NOI $36.6k $11.27
    3,245 SF · lease $17.40/SF/yr · vacancy 7.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $522.3K
    $457.0K – $609.3K (±1% cap)
    NOI $36,560 @ 7.0% cap · market cap 8.12%
    Second Best
    Apartment 5plus
    $470.5K
    $411.7K – $548.9K (±1% cap)
    NOI $32,935 @ 7.0% cap · market cap 7.32%
    Theoretical Best
    Office A
    $861.1K
    $753.5K – $1.00M (±1% cap)
    NOI $60,279 @ 7.0% cap · market cap 13.40%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waterbury
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.049457
    Latitude
    41.566199

    FAQs

    What type of property is this?
    Triplex - Three separate three-bedroom, one-bath units with separately metered utilities and a roof replacement completed in 2021.
    Where is this triplex located?
    The property is located at 23 Plaza Avenue Waterbury, CT.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: Three‑family property with three 3‑bed, 1‑bath units; New roof installed in 2021; Separately metered utilities with tenant‑paid heat (gas), hot water, and electricity
    More about this property
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