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Waterbury Two-Family Investment Opportunity

891 Pearl Lake Road Waterbury, CT 06706

891 Pearl Lake Road, Waterbury, CT, 06706
$239,900
Pending
For Sale
Claim this Listing
$239,900
Pending

MULTI_FAMILY - Waterbury, CT

Property Size1,776 SF
Lot Size0.17 Acres
AddedMar 5
Days on Market132
Last RefreshJul 15 at 11:06 pm

Property Features for 891 Pearl Lake Road

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
RL
Bedrooms
5
Bathrooms
2
Rooms
Bathroom 2, Bedroom 4, Bedroom 3, Bathroom 1, Basement, Bedroom 1, Bedroom 2, Bedroom 5
Patio and Porch features
Deck
Exterior features
Deck
Basement
Full
Standard status
Pending
Size
1,776 SF
Lot size
0.17 Acres

Taxes and HOA fees

Tax Year
2026
Tax Annual Amount
6366

Utilities

Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Cooling system
Central Air
Water source
Public

Building Details

Year built
1950
Architectural style
Other

Listing agent Ashley Henry

Listing office The Washington Agency 182 Birge Park Road Unit 1, Torrington, CT

Listing date Mar 5, 2026

MLS# 24139973 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.


Investment Insights

Based on property information with market context.

This two-family home on Pearl Lake in Waterbury, Connecticut, presents an investment opportunity. The property, situated on a 0.17-acre lot, includes leased solar panels and propane equipment. The 1,776 square foot home features a newer roof, furnace, central air system, and oil tank. The property is slightly distressed and requires some TLC. Currently owner-occupied, the property will be conveyed with vacancy. The zoning is RL.

Key Highlights

  • Two‑family home in Waterbury on Pearl Lake
  • Newer roof, furnace, central air system, and oil tank
  • Leased solar panels and propane equipment included

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 $30.9k $17.40
− Vacancy −$2.3k −$1.31
EGI $28.6k $16.10
− OpEx −$8.6k −$4.83
NOI $20.0k $11.27
1,776 SF · lease $17.40/SF/yr · vacancy 7.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$285.8K
$250.1K – $333.5K (±1% cap)
NOI $20,009 @ 7.0% cap · market cap 8.34%
Second Best
Apartment 5plus
$257.5K
$225.3K – $300.4K (±1% cap)
NOI $18,025 @ 7.0% cap · market cap 7.51%
Theoretical Best
Office A
$471.3K
$412.4K – $549.9K (±1% cap)
NOI $32,991 @ 7.0% cap · market cap 13.75%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

IOOF Volunteer Organization

Suggested Use

Law Firm Real Estate Agency Dental Office Spa & Massage Center Hair Salon Skin Care Clinic Accounting Firm Building Supply Restaurant Cafe & Coffee Shop

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

FAQs

What type of property is this?
Duplex - Two-family home with updated essentials, ideal for investors.
Where is this duplex located?
The property is located at 891 Pearl Lake Road Waterbury, CT.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Two‑family home in Waterbury on Pearl Lake; Newer roof, furnace, central air system, and oil tank; Leased solar panels and propane equipment included
Contact an agent
More about this property
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