Triplex with Detached
218 Lounsbury Street, Waterbury, CT 06706
For Sale
New
$449,900
Multi-Family For Sale, 3updown - Unit(s) per Floor, Waterbury, CT
Property Size3,206 SF
Lot Size0.11 Acres
Price / SF$140.33
Days on Market5
Property Features for 218 Lounsbury Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Patio and Porch features
Exterior features
Basement
Lot features
Elementary school
High school
Directions
Subdivision
Standard status
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Architectural style
Listing Agency:
Dave Jones Realty, LLC
(203) 758-0264
Listed By:
Vik Khandai
(203) 510-5502
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 14 at 2:06AM
MLS# 24220567
Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This three-unit residential property contains 3,206 square feet, with 8 bedrooms and 3 full bathrooms. A full basement and detached garage add to the building’s utility, while a porch and balcony provide outdoor features. The property was built in 1910 and sits on a 0.11-acre lot.
Hot water heating and window-unit cooling serve the building. Public water and public sewer are available, and the zoning is RL.
Hot water heating and window-unit cooling serve the building. Public water and public sewer are available, and the zoning is RL.
Key Highlights
- Three residential units with 8 bedrooms and 3 full bathrooms
- 3,206 square feet of building area
- Full basement and detached garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,120
Cap Rate
8.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$722,400
$722.4K
Cap Rate 7%
$516,000
$516.0K
Cap Rate 9%
$401,333
$401.3K
Market Conditions
NOI Build-Up for 3,206 SF
Gross rent
$55.8K $17.40/SF
− Vacancy
−$4.2K −$1.31/SF
EGI
$51.6K $16.10/SF
− OpEx
−$15.5K −$4.83/SF
NOI
$36.1K $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%
$722,400
Cap Rate 7%
$516,000
Cap Rate 9%
$401,333
Alternative Uses
Best Use
Multifamily LT 5
$516.0K
$451.5K – $602.0K
NOI $36,120 @ 7.0% cap · market cap 8.03%
Second Best
Apartment 5plus
$464.8K
$406.7K – $542.3K
NOI $32,539 @ 7.0% cap · market cap 7.23%
Theoretical Best
Office A
$850.8K
$744.4K – $992.6K
NOI $59,555 @ 7.0% cap · market cap 13.24%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
443
Businesses Nearby
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Business Placement
Demographics for 06706, CT
14,699
Population
5,907
Households
2.5
Avg Household Size
36
Median Age
16%
College-Educated
77%
High-School Grad
3.8 sq mi
ZIP Area
3,868
Density / Sq Mi
$51,770
Median Household Income
$32,375
Median Earnings
$1,233
Median Rent
$171,400
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Waterbury, CT
Properties on Market for Triplexes in Waterbury
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Eight bedrooms and three full bathrooms are arranged across three residential units.
Where is this triplex located?
The property is located at 218 Lounsbury Street Waterbury, CT.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Three residential units with 8 bedrooms and 3 full bathrooms; 3,206 square feet of building area; Full basement and detached garage
