Multifamily Property with Detached
222 Lounsbury Street Waterbury, CT 06706
For Sale
$249,000
Pending
MULTI_FAMILY - Waterbury, CT
Property Size1,984 SF
Lot Size0.11 Acres
Days on Market97
Property Features for 222 Lounsbury Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RL
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 2, Basement, Bedroom 3, Bathroom 1
- Basement
- Full
- Standard status
- Pending
- Size
- 1,984 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 5746
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1918
- Architectural style
- Other
Listing Agency:
West View Properties, LLC
(860) 274-7838
Listed By:
Kara Reynolds · License #RES.0821379
(203) 217-3711
Added: Apr 22
Changed: Jul 21
Last Checked: Jul 27 at 3:06AM
MLS# 24168890
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.
Investment Insights
Based on property information with market context.
This multifamily property offers storage-focused living space, including a walk-up attic. The layout also includes a driveway and ample parking, supported by a 3-car detached garage, and the outdoor area is fenced in.
The property is located at 222 Lounsbury Street in Waterbury, Connecticut 06706, within New Haven County. It is zoned RL, and the lot size is approximately 0.11 acres with a total property size of about 1,984 square feet.
The property is located at 222 Lounsbury Street in Waterbury, Connecticut 06706, within New Haven County. It is zoned RL, and the lot size is approximately 0.11 acres with a total property size of about 1,984 square feet.
Key Highlights
- Year built 1918 with a Hot Water(Heating) system
- Public water and public sewer
- Includes 4 bedrooms and 2 bathrooms
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 | $39.3k | $19.80 |
| − Vacancy | −$2.7k | −$1.35 |
| EGI | $36.6k | $18.45 |
| − OpEx | −$16.5k | −$8.30 |
| NOI | $20.1k | $10.15 |
1,984 SF · lease $19.80/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$287.7K
$251.7K – $335.6K
NOI $20,137 @ 7.0% cap · market cap 8.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$526.5K
$460.7K – $614.3K
NOI $36,855 @ 7.0% cap · market cap 14.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Hedman Thomas
Big Box & Wholesale Store
FAQs
What type of property is this?
Multifamily property - Features a 3-car detached garage and fenced yard.
Where is this multifamily property located?
The property is located at 222 Lounsbury Street Waterbury, CT.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Year built 1918 with a Hot Water(Heating) system; Public water and public sewer; Includes 4 bedrooms and 2 bathrooms
