Three-Family Residential Income
For Sale
$459,000
15 Matson, Waterbury, CT 06704
Fully occupied three-unit home with off-street parking and a backyard, with each unit featuring 2 bedrooms and 1 full bath.
Property Size4,003 SF
Price / SF$114.66
Days on Market98
Property Features for 15 Matson
General Information
Standard status
Active
Size
4,003 SF
Property subtype
3 Family
Occupancy
100%
Site & Location
Neighborhood
Crownbrook
Highway Access
Yes
Additional Details
Multifamily Units
3
Amenities
off-street parking
backyard
Building Details
Year Built
1900
Tenancy
Multi
Listing Agency:
Nellsen Realty Group
(203) 560-6215
Listed By:
Vintia Mullen · License #REB.0794801
(203) 910-5039
Source:
Lockandkeyre
Added: Jul 23
Changed: Oct 27
Last Checked: Oct 28 at 7:47AM
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 Nellsen Realty Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This fully occupied three-family residential income property offers immediate rental revenue with all units currently leased. The building consists of three separate units, and each unit is laid out with two bedrooms, one full bathroom, a spacious living room, an eat-in kitchen, and a pantry.
The property includes off-street parking and a backyard. It is described as conveniently located near downtown Waterbury and within reach of schools, shopping, restaurants, parks, public transportation, hospitals, I-84, and Route 8.
For tenants and investors seeking a straightforward rental configuration, the consistent unit design across all three apartments supports clear leasing and ongoing operations.
The property includes off-street parking and a backyard. It is described as conveniently located near downtown Waterbury and within reach of schools, shopping, restaurants, parks, public transportation, hospitals, I-84, and Route 8.
For tenants and investors seeking a straightforward rental configuration, the consistent unit design across all three apartments supports clear leasing and ongoing operations.
Key Highlights
- Fully occupied three‑family home with all three units currently leased for immediate rental income
- 3 units total; each unit has 2 bedrooms and 1 full bathroom
- Each unit features a spacious living room, eat‑in kitchen, and pantry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,628
Cap Rate
8.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$812,560
$812.6K
Cap Rate 7%
$580,400
$580.4K
Cap Rate 9%
$451,422
$451.4K
Market Conditions
NOI Build-Up for 4,003 SF
Gross rent
$79.3K $19.80/SF
− Vacancy
−$5.4K −$1.35/SF
EGI
$73.9K $18.45/SF
− OpEx
−$33.2K −$8.30/SF
NOI
$40.6K $10.15/SF
Area
Waterbury, CT
Vacancy
6.80%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$812,560
Cap Rate 7%
$580,400
Cap Rate 9%
$451,422
Alternative Uses
Best Use
Multifamily LT 5
$644.3K
$563.8K – $751.7K
NOI $45,100 @ 7.0% cap · market cap 9.83%
Second Best
Apartment 5plus
$580.4K
$507.9K – $677.1K
NOI $40,628 @ 7.0% cap · market cap 8.85%
Theoretical Best
Office A
$1.06M
$929.5K – $1.24M
NOI $74,360 @ 7.0% cap · market cap 16.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
988
Businesses Nearby
Explore this area
Business Placement
Demographics for 06704, CT
27,300
Population
12,987
Households
2.1
Avg Household Size
34
Median Age
14%
College-Educated
78%
High-School Grad
8.1 sq mi
ZIP Area
3,370
Density / Sq Mi
$47,848
Median Household Income
$33,090
Median Earnings
$1,202
Median Rent
$178,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Fully occupied three-unit home with off-street parking and a backyard, with each unit featuring 2 bedrooms and 1 full bath.
Where is this triplex located?
The property is located at 15 Matson Waterbury, CT.
What is the asking price?
The asking price for this property is $459,000.
What are key features of this property?
This property features: Fully occupied three‑family home with all three units currently leased for immediate rental income; 3 units total; each unit has 2 bedrooms and 1 full bathroom; Each unit features a spacious living room, eat‑in kitchen, and pantry
