3-Unit Triplex with Rear
New
For Sale
$459,900
182 Pearl St, Waterbury, CT 06704
Each apartment has two bedrooms, a full bath, and separate tenant-paid utilities.
Property Size3,162 SF
Price / SF$145.45
Days on Market6
Property Features for 182 Pearl St
General Information
Standard status
Active
Size
3,162 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Crownbrook
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Building Details
Year Built
1925
Listing Agency:
Oxford Realty
Listed By:
Amanda R. Faroni-Sheehan (203) 314-4219 (203) 314-4219 · License #REB.0793328
(203) 314-4219
Source:
Sunsetcreekrealty
Added: Oct 25
Changed: Oct 28
Last Checked: Oct 28 at 7:30AM
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 Oxford Realty
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Investment Insights
Based on property information with market context.
Built in 1925, this Waterbury triplex contains 3,162 SF across three apartments of approximately 1,054 SF each. Every unit has two bedrooms, one full bath, an eat-in kitchen, a living room, and a formal dining room. Utilities are separately metered and paid by tenants, and off-street parking is located behind the building.
The property is in Waterbury’s North End, within walking distance of Fulton Park. Shopping, restaurants, public transportation, and major highways are also accessible from the area.
The property is in Waterbury’s North End, within walking distance of Fulton Park. Shopping, restaurants, public transportation, and major highways are also accessible from the area.
Key Highlights
- Three apartments, each approximately 1,054 SF, with 2 bedrooms and 1 full bath
- 3,162 SF triplex built in 1925
- Eat‑in kitchen, living room, and formal dining room in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,625
Cap Rate
7.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$712,500
$712.5K
Cap Rate 7%
$508,929
$508.9K
Cap Rate 9%
$395,833
$395.8K
Market Conditions
NOI Build-Up for 3,162 SF
Gross rent
$55.0K $17.40/SF
− Vacancy
−$4.1K −$1.31/SF
EGI
$50.9K $16.10/SF
− OpEx
−$15.3K −$4.83/SF
NOI
$35.6K $11.27/SF
Area
Waterbury, CT
Vacancy
7.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$712,500
Cap Rate 7%
$508,929
Cap Rate 9%
$395,833
Alternative Uses
Best Use
Multifamily LT 5
$508.9K
$445.3K – $593.8K
NOI $35,625 @ 7.0% cap · market cap 7.75%
Second Best
Apartment 5plus
$458.5K
$401.2K – $534.9K
NOI $32,093 @ 7.0% cap · market cap 6.98%
Theoretical Best
Office A
$839.1K
$734.2K – $979.0K
NOI $58,737 @ 7.0% cap · market cap 12.77%
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
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Each apartment has two bedrooms, a full bath, and separate tenant-paid utilities.
Where is this triplex located?
The property is located at 182 Pearl St Waterbury, CT.
What is the asking price?
The asking price for this property is $459,900.
What are key features of this property?
This property features: Three apartments, each approximately 1,054 SF, with 2 bedrooms and 1 full bath; 3,162 SF triplex built in 1925; Eat‑in kitchen, living room, and formal dining room in each unit
