Three-Family Residential Income
15 Matson Ct Waterbury, CT 06704
New
For Sale
$489,000
Fully occupied three-unit home with off-street parking and a backyard, with each unit featuring 2 bedrooms and 1 full bath.
Days on Market5
Property Features for 15 Matson Ct
General Information
Standard status
Active
Property subtype
Multi Family
Building Details
Year Built
1900
Listing Agency:
(203) 910-5039
Listed By:
Vintia Mullen · License #RES.0809771
(203) 910-5039
Source:
Elliman
Added: Jul 25
Changed: Jul 27
Last Checked: Jul 29 at 11:25AM
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 Vintia Mullen
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 For Apartment 5plus
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 | $79.3k | $19.80 |
| − Vacancy | −$5.4k | −$1.35 |
| EGI | $73.9k | $18.45 |
| − OpEx | −$33.2k | −$8.30 |
| NOI | $40.6k | $10.15 |
4,003 SF · lease $19.80/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$644.3K
$563.8K – $751.7K
NOI $45,100 @ 7.0% cap · market cap 9.22%
Second Best
Apartment 5plus
$580.4K
$507.9K – $677.1K
NOI $40,628 @ 7.0% cap · market cap 8.31%
Theoretical Best
Office A
$1.06M
$929.5K – $1.24M
NOI $74,360 @ 7.0% cap · market cap 15.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
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 Ct Waterbury, CT.
What is the asking price?
The asking price for this property is $489,000.
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
