Historic Triplex with Central
124 Pine Street Waterbury, CT 06710
124 Pine Street, Waterbury, CT, 06710
$749,000
For Sale
$749,000
Three well-appointed units offer updated kitchens, hardwood floors, central air, and separate utilities within a historic setting.
Property Size3,676 SF
Price / SF$203.75
Days on Market45
Property Features for 124 Pine Street
General Information
- Standard status
- Active
- Size
- 3,676 SF
- Property subtype
- 3 Family
Building Details
- Year Built
- 1907
Listing Agency
Fercodini Properties, Inc.
(203) 232-3078
Listed by
Lynn Lombardi · License #RES.0060101
(203) 232-3078
Source
Lockandkeyre
Added: Jun 4 Checked: Jul 17 at 7:48 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fercodini Properties, Inc.
Investment Insights
Based on property information with market context.
Built circa 1904, this historic triplex features a striking stone facade and a slate roof, with classic architectural details throughout. The property includes three beautifully appointed residential units, and each unit is configured with 2 bedrooms and 2 bathrooms. Interiors include hardwood flooring and updated kitchens with granite surfaces and stainless-steel appliances. Comfort is supported by central air in each unit. The layout also includes a 1-car garage for each unit, and separate utilities are provided for the residences.
Located at 124 Pine Street in Waterbury, CT 06710, the property presents a distinctive exterior presence consistent with its period architecture. The combination of multiple self-contained units and separate utilities can simplify day-to-day operations for an owner who wants to live in one unit while renting the others.
For buyers considering an owner-occupant scenario or a small residential income strategy, this triplex offers a straightforward unit mix with consistent finishes and mechanical comfort across all three units. The listing also notes owner financing availability for well-qualified buyers, which may provide additional flexibility in structuring the purchase. Offered for sale at 3676 total square feet, the property is presented as a distinctive, owner-managed opportunity in a multifamily format with defined, separate living spaces.
Located at 124 Pine Street in Waterbury, CT 06710, the property presents a distinctive exterior presence consistent with its period architecture. The combination of multiple self-contained units and separate utilities can simplify day-to-day operations for an owner who wants to live in one unit while renting the others.
For buyers considering an owner-occupant scenario or a small residential income strategy, this triplex offers a straightforward unit mix with consistent finishes and mechanical comfort across all three units. The listing also notes owner financing availability for well-qualified buyers, which may provide additional flexibility in structuring the purchase. Offered for sale at 3676 total square feet, the property is presented as a distinctive, owner-managed opportunity in a multifamily format with defined, separate living spaces.
Key Highlights
- Multi‑family property built in 1907 with 3 units, each offering 2 bedrooms and 2 baths
- Updated kitchens with granite countertops and stainless steel appliances in each unit
- Hardwood floors and central air in all 3 units
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 | $64.0k | $17.40 |
| − Vacancy | −$4.8k | −$1.31 |
| EGI | $59.2k | $16.10 |
| − OpEx | −$17.7k | −$4.83 |
| NOI | $41.4k | $11.27 |
3,676 SF · lease $17.40/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$591.7K
$517.7K – $690.3K
NOI $41,416 @ 7.0% cap · market cap 5.53%
Second Best
Apartment 5plus
$533.0K
$466.4K – $621.8K
NOI $37,309 @ 7.0% cap · market cap 4.98%
Theoretical Best
Office A
$975.5K
$853.6K – $1.14M
NOI $68,285 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Triplex - Three well-appointed units offer updated kitchens, hardwood floors, central air, and separate utilities within a historic setting.
Where is this triplex located?
The property is located at 124 Pine Street Waterbury, CT.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Multi‑family property built in 1907 with 3 units, each offering 2 bedrooms and 2 baths; Updated kitchens with granite countertops and stainless steel appliances in each unit; Hardwood floors and central air in all 3 units
