Renovated Three-Family Investment Opportunity

27 Beacon St, Waterbury, CT 06704

View on Map

For Sale

$399,000

Renovated 3-family property with strong rental fundamentals and separate utilities.

Type:Multi Family

HighLights

Double‑digit ROI and 8% CAP rate potential.
Renovated 3‑family property with two floors recently completed (March 2026) and ready to list at market rents.
Separate utilities for efficient management and strong rental fundamentals.
Bank appraisal of sister property at $490,000 in December 2025, suggesting built‑in equity.
Portfolio opportunity to acquire three buildings (nine units) in close proximity, two stabilized and one value‑add.
Ideal for investors seeking to scale quickly with a concentrated multifamily portfolio.

We can help!

Listing Contact

Melanie Scull

Learn more

For Sale

$399,000

Renovated 3-family property with strong rental fundamentals and separate utilities.

Type:Multi Family

Added:: Apr 28, 2026
Days on Market:: 49
Last Refresh:: Apr 28 at 12:29 am

Property Features for 27 Beacon St

General Information

Standard status: Active
Property subtype: Multi Family

Building Details

Year Built: 1888

We can help!

Listing Contact

Melanie Scull

Listing agent Melanie Scull License #RES.0831146

Listing office William Pitt Sotheby's International Realty

Listing date Apr 28, 2026

Source Elliman

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 William Pitt Sotheby's International Realty

HighLights

Double‑digit ROI and 8% CAP rate potential.
Renovated 3‑family property with two floors recently completed (March 2026) and ready to list at market rents.
Separate utilities for efficient management and strong rental fundamentals.
Bank appraisal of sister property at $490,000 in December 2025, suggesting built‑in equity.
Portfolio opportunity to acquire three buildings (nine units) in close proximity, two stabilized and one value‑add.
Ideal for investors seeking to scale quickly with a concentrated multifamily portfolio.

Overview

This renovated three-family property presents an opportunity for investors and owner-occupants. One floor is currently leased at market rate. Renovations on the other two floors were completed in March 2026 and are ready to list. The property offers the potential for double-digit ROI and an 8% CAP rate, with the ability to immediately achieve market rents. Separate utilities contribute to efficient management and strong rental fundamentals. A bank appraisal of a sister property (next door, same structure) valued it at $490,000 in December 2025. This property is part of a potential portfolio opportunity to acquire three buildings totaling nine units in close proximity. Two buildings are stabilized with renovated units, while the third is a value-add triplex ready for renovation, offering significant upside and the potential to increase overall portfolio income. The property has a walk score of 62, indicating it is somewhat walkable, a transit score of 37, indicating some transit options are available, and a bike score of 25, indicating it is somewhat bikeable. This is ideal for investors looking to scale quickly with a concentrated multifamily portfolio.

Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Location Insight

Map
Local Demand

City: Waterbury
County: New Haven
State: Connecticut
Longitude: -73.0372632
Latitude: 41.5662467

Nearby Similar for Sale

$850,000

7,510 SF

Four-Story Restaurant & Bar Building

Four-story hospitality property with remodeled dining space, currently operating a restaurant and bar in a CBD downtown setting.

26 N Main Street, Waterbury, CT 06702

View Details
$1,100,000

15,974 SF

Retail Strip Mall with Multiple Tenants

Multi-tenant strip mall includes multiple retail and service users with parking for 55 cars.

1014 Meriden Road, Waterbury, CT 06705

View Details
$749,000

3,676 SF

Historic Three-Unit Multifamily Building

Three well-appointed units with updated kitchens, central air, hardwood floors, and separate utilities in an early-1900s property.

124 Pine Street, Waterbury, CT 06710

View Details
$599,500

3,027 SF

Three-Unit Multifamily with Detached Garage

Three-family property with enclosed porches, patio, and a detached 3-car brick garage, plus an included extra lot.

160 Edson Avenue, Waterbury, CT 06705

View Details
$715,000

4,024 SF

Mixed-Use Apartment Building with Retail

Four compact apartments and a street-level retail space, with renovated interiors and systems and unoccupied units ready for leasing.

49 Hill Street, Waterbury, CT 06704

View Details
$715,000

4,024 SF

Renovated Mixed-Use Income Property

Two-building asset combines street-level retail with five compact apartments, with renovations and multiple units ready to rent.

49 Hill Street, Waterbury, CT 06704

View Details
$574,995

1,668 SF

Turnkey Renovated Multi-Family Home

Completely renovated income property with new interiors, kitchens, baths, and updated systems for straightforward occupancy or rental.

849 Frost Road, Waterbury, CT 06705

View Details
$749,900

5,200 SF

Waterbury Multifamily Investment Opportunity

Six renovated units in two buildings with off-street parking.

38 Green Street, Waterbury, CT 06708

View Details
$549,900

3,754 SF

Permitted 14-Unit Rooming House

Fully occupied 14-unit rooming house with 5-bay garage, common tile bathrooms, and controlled access security systems.

34 Mitchell Avenue, Waterbury, CT 06710

View Details
$1,149,900

5,934 SF

11-Unit Apartment Building

Eleven separately metered units with electric heat and hot water, plus recent roof, siding, and interior updates.

133 Hillside Avenue, Waterbury, CT 06710

View Details
$299,900

3,909 SF

Spacious Two-Family Corner Lot

Restoration opportunity on a spacious corner lot.

76 Chapman Avenue, Waterbury, CT 06710

View Details
$525,000

2,938 SF

Well-Maintained Multifamily Property

Income-generating three-family home near highway, shopping, and schools.

41 Diane Terrace, Waterbury, CT 06705

View Details

For sale
Triplexes
CT
Waterbury
06704
27 Beacon St

What type of property is this?

Triplex - Renovated 3-family property with strong rental fundamentals and separate utilities.

Where is this triplex located?

The property is located at 27 Beacon St Waterbury, CT.

What is the asking price?

The asking price for this property is $399,000.

What are key features of this property?

This property features: Double‑digit ROI and 8% CAP rate potential.; Renovated 3‑family property with two floors recently completed (March 2026) and ready to list at market rents.; Separate utilities for efficient management and strong rental fundamentals.