Historic Three-Unit Multifamily
124 Pine Street Waterbury, CT 06710
124 Pine Street, Waterbury, CT, 06710
$749,000
For Sale
$749,000
MULTI_FAMILY - Waterbury, CT
Property Size3,676 SF
Lot Size0.24 Acres
Price / SF$203.75
Days on Market47
Property Features for 124 Pine Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RM
- Bedrooms
- 6
- Bathrooms
- 6
- Rooms
- Bedroom 4, Bedroom 2, Bathroom 4, Bathroom 3, Bedroom 1, Bathroom 5, Bathroom 6, Bedroom 6, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 5
- Patio and Porch features
- Patio
- Exterior features
- Porch,Deck,Stone Wall,Patio
- Standard status
- Active
- Size
- 3,676 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 8275
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1907
- Architectural style
- Other
Listing Agency
Fercodini Properties, Inc.
(203) 879-4973
484 Wolcott Road, Wolcott, CT
Listed by
Lynn Lombardi · License #RES.0060101
(203) 232-3078
Added: Jun 4 Checked: Jul 20 at 6:06 am
MLS# 24181232
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.
Built circa 1904, this three-unit multifamily property features a distinctive stone facade and slate roof with classic architectural character. The building provides three separate residences, each offering two bedrooms and two bathrooms. Interior finishes include hardwood floors, with updated kitchen features described as granite surfaces and stainless steel appliances. Central air is included for comfort across the units, and each unit includes a one-car garage. The property is also described as having separate utilities, supporting independent tenant billing and day-to-day operations.
The home is located at 124 Pine Street in Waterbury, Connecticut 06710, and is identified with zoning RM. The lot size is listed as 0.24 acres, with total property size noted as 3,676 square feet.
This configuration can fit an owner-occupant seeking a multi-family layout with independent utilities and enclosed parking per unit. For investors and operators, the building offers three self-contained apartments with consistent unit amenities as described in the listing, including central air and updated kitchen appointments. The listing also notes the possibility of owner financing to well-qualified buyers, providing additional flexibility for an appropriately structured purchase. Contact for details and a private showing.
The home is located at 124 Pine Street in Waterbury, Connecticut 06710, and is identified with zoning RM. The lot size is listed as 0.24 acres, with total property size noted as 3,676 square feet.
This configuration can fit an owner-occupant seeking a multi-family layout with independent utilities and enclosed parking per unit. For investors and operators, the building offers three self-contained apartments with consistent unit amenities as described in the listing, including central air and updated kitchen appointments. The listing also notes the possibility of owner financing to well-qualified buyers, providing additional flexibility for an appropriately structured purchase. Contact for details and a private showing.
Key Highlights
- 3‑unit multi‑family home built in 1907, featuring 2 bedrooms and 2 bathrooms in each unit
- Updated kitchens in each unit with granite and stainless steel appliances
- Hardwood floors and central air in each of the 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
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three well-appointed units with updated kitchens, central air, hardwood floors, and separate utilities in an early-1900s property.
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: 3‑unit multi‑family home built in 1907, featuring 2 bedrooms and 2 bathrooms in each unit; Updated kitchens in each unit with granite and stainless steel appliances; Hardwood floors and central air in each of the 3 units
