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    3-Family Home with 4th Unit Potential Title is generated by Realmo AI

    160 Edson Avenue, Waterbury, CT 06705

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    For Sale
    $599,500

    Well-positioned on a double corner lot with enclosed porches, patio grilling, and a walk-out basement for expansion.

    Type:3 Family
    Property size:
    3,027 SF
    Lot size:
    0.19 Acres
    Price / SF:
    $198/SF
    Added:
    May 22, 2026
    Days on Market:
    13
    Last Refresh:
    Jun 3 at 1:49 am

    Property Features for 160 Edson Avenue

    General Information

    Standard status
    Active
    Size
    3,027 SF
    Lot size
    0.19 Acres
    Property subtype
    3 Family

    Building Details

    Year Built
    1919

    We can help!

    Listing Contact
    Judith Caputo
    Judith Caputo

    Listing agent Judith Caputo License #REB.0751026

    Listing office Advantage Realty Group, Inc.

    Listing date May 22, 2026

    Source Lockandkeyre

    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 Advantage Realty Group, Inc.

    HighLights

    • 3‑family home built in 1919 with a full above‑ground walk‑out basement with windows for possible 4th unit
    • Double, oversized corner lot with an additional 0.19‑acre lot with frontage on Lockhart Avenue included with the sale
    • Enclosed rear porches and front porches, plus patio with built‑in stone barbecue grill for outdoor entertaining
    • Newer roof and stone foundation with beautiful stone pillars
    • Detached 3‑car brick garage (28 x 22) with newer doors and separate bays for workshop/vehicles/motorcycles or extra storage
    • Convenient access to RT 8 and I‑84 for commutes to New York

    Overview

    This well-kept 3-family residence offers a strong baseline setup and clear expansion upside. The property includes a full above-ground walk-out basement with windows that could support a possible fourth unit, and the basement level has its own entrance and exit for convenient separation. Outdoor features include patio space with a built-in stone barbecue grill, along with white picket vinyl fencing around the perimeter. The home also presents appealing curb presence with beautiful stone pillars and foundation details, newer roof, and both front porches and enclosed rear porches designed for comfortable use in changing weather.

    Set on a double, oversized corner lot, the offering includes additional lot frontage on Lockhart Avenue included with the sale. A detached 3-car brick garage (28 x 22) with newer doors adds meaningful value for storage and day-to-day use, with separate bays suitable for a workshop, mechanics, vehicles, motorcycles, or other personal projects. The property’s location provides close proximity to Route 8 and I-84 for convenient commuting.

    For investors and owner-occupants, the current 3-family configuration can generate rental income while the basement layout and access provide a supported pathway to consider a potential additional unit. The enclosed outdoor spaces and substantial garage footprint make the property more durable for tenant satisfaction and everyday convenience.

    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 $52.7k $17.40
    − Vacancy −$4.0k −$1.31
    EGI $48.7k $16.10
    − OpEx −$14.6k −$4.83
    NOI $34.1k $11.27
    3,027 SF · lease $17.40/SF/yr · vacancy 7.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $487.2K
    $426.3K – $568.4K (±1% cap)
    NOI $34,104 @ 7.0% cap · market cap 5.69%
    Second Best
    Apartment 5plus
    $438.9K
    $384.0K – $512.0K (±1% cap)
    NOI $30,722 @ 7.0% cap · market cap 5.12%
    Theoretical Best
    Office A
    $803.3K
    $702.9K – $937.2K (±1% cap)
    NOI $56,230 @ 7.0% cap · market cap 9.38%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waterbury
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.0109885
    Latitude
    41.5482165

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    FAQs

    What type of property is this?
    Triplex - Well-positioned on a double corner lot with enclosed porches, patio grilling, and a walk-out basement for expansion.
    Where is this triplex located?
    The property is located at 160 Edson Avenue Waterbury, CT.
    What is the asking price?
    The asking price for this property is $599,500.
    What are key features of this property?
    This property features: 3‑family home built in 1919 with a full above‑ground walk‑out basement with windows for possible 4th unit; Double, oversized corner lot with an additional 0.19‑acre lot with frontage on Lockhart Avenue included with the sale; Enclosed rear porches and front porches, plus patio with built‑in stone barbecue grill for outdoor entertaining
    (203) 755-4015
    We can help!
    Listing Contact
    Judith Caputo
    Judith Caputo
    Real Estate License ID: REB.0751026
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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