Residential Income Duplex with
222 Lounsbury Street Waterbury, CT 06706
222 Lounsbury Street, Waterbury, CT, 06706
$450,000
For Sale
$450,000
Duplex for sale with a walk-up attic, fenced yard, and a detached three-car garage with ample parking.
Property Size1,984 SF
Price / SF$226.81
Days on Market93
Property Features for 222 Lounsbury Street
General Information
- Standard status
- Active
- Size
- 1,984 SF
- Property subtype
- Multi-Family / 2 Family
Building Details
- Year Built
- 1918
Listing agency
West View Properties, LLC
(203) 217-3711
Listed by
Kara Reynolds · License #RES.0821379
(203) 217-3711
Source
Compass
Added: Apr 21 Updated: Jul 21 at 2:04AM Checked: Jul 21 at 6:47AM
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 West View Properties, LLC
Investment Insights
Based on property information with market context.
This duplex includes a walk-up attic and offers additional storage, along with a fenced-in yard. The property also features a detached three-car garage and a driveway designed for ample parking.
The sale listing is for 222 Lounsbury Street in Waterbury, Connecticut, and photos are expected to be added soon.
The information provided highlights the existing storage features and on-site parking/garage amenities that can support renovation and rental-focused updates.
The sale listing is for 222 Lounsbury Street in Waterbury, Connecticut, and photos are expected to be added soon.
The information provided highlights the existing storage features and on-site parking/garage amenities that can support renovation and rental-focused updates.
Key Highlights
- Duplex built in 1918 with 8 total rooms
- Walk‑up attic for additional storage
- 3‑car detached garage plus driveway with ample parking
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 | $34.5k | $17.40 |
| − Vacancy | −$2.6k | −$1.31 |
| EGI | $31.9k | $16.10 |
| − OpEx | −$9.6k | −$4.83 |
| NOI | $22.4k | $11.27 |
1,984 SF · lease $17.40/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$319.3K
$279.4K – $372.6K
NOI $22,353 @ 7.0% cap · market cap 4.97%
Second Best
Apartment 5plus
$287.7K
$251.7K – $335.6K
NOI $20,137 @ 7.0% cap · market cap 4.47%
Theoretical Best
Office A
$526.5K
$460.7K – $614.3K
NOI $36,855 @ 7.0% cap · market cap 8.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Hedman Thomas
Big Box & Wholesale Store
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex for sale with a walk-up attic, fenced yard, and a detached three-car garage with ample parking.
Where is this duplex located?
The property is located at 222 Lounsbury Street Waterbury, CT.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Duplex built in 1918 with 8 total rooms; Walk‑up attic for additional storage; 3‑car detached garage plus driveway with ample parking
