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For sale
Single family properties
CT
Waterbury
06706
222 Lounsbury Street

Waterbury Multi-Family Investment Opportunity

222 Lounsbury Street, Waterbury, CT 06706

View on Map

Pending

$249,000

MULTI_FAMILY - Waterbury, CT

Property size:

1,984 SF

Lot size:

0.11 Acres

Listing Contact

Kara Reynolds

HighLights

Year built 1918 with hot water (heating) and public utilities (water and public sewer).
4 bedrooms and 2 bathrooms with additional space including a basement.
Walk‑up attic and lots of storage space.
3‑car detached garage plus a driveway with ample parking.
Fenced‑in yard.

Pending

$249,000

MULTI_FAMILY - Waterbury, CT

Property size:

1,984 SF

Lot size:

0.11 Acres

Added:: Apr 22, 2026
Days on Market:: 50
Last Refresh:: Jun 10 at 8:06 pm

Property Features for 222 Lounsbury Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: RL
Bedrooms: 4
Bathrooms: 2
Rooms: Bedroom 3, Basement, Bathroom 1, Bedroom 4, Bedroom 1, Bedroom 2, Bathroom 2
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

We can help!

Listing Contact

Kara Reynolds

Listing agent Kara Reynolds

Listing office West View Properties, LLC 1400 Main Street, Unit 3, Watertown, CT

Listing date Apr 22, 2026

MLS# 24168890 Listing URL

HighLights

Year built 1918 with hot water (heating) and public utilities (water and public sewer).
4 bedrooms and 2 bathrooms with additional space including a basement.
Walk‑up attic and lots of storage space.
3‑car detached garage plus a driveway with ample parking.
Fenced‑in yard.

Overview

This multi-family property, located in Waterbury, CT, presents an opportunity for investors and contractors. The property offers rental potential after updates, and includes ample storage space, including a walk-up attic. A detached three-car garage and driveway provide ample parking. The lot is fenced in and has a size of 0.11 acres. The property size is 1984 square feet. The zoning is RL.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

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 (±1% cap)

NOI $36,855 @ 7.0% cap · market cap 14.80%

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

Property Profile Location Intelligence

Current Use by Public Records

Hedman Thomas Big Box & Wholesale Store

Suggested Use

Location Insight

Map
Local Demand

City: Waterbury
County: New Haven
State: Connecticut
Longitude: -73.032128
Latitude: 41.539746

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For sale
Single family properties
CT
Waterbury
06706
222 Lounsbury Street

What type of property is this?

Single family property - Multi-family property in Waterbury, CT with rental potential.

Where is this single family 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 hot water (heating) and public utilities (water and public sewer).; 4 bedrooms and 2 bathrooms with additional space including a basement.; Walk‑up attic and lots of storage space.

222 Lounsbury Street, Waterbury, CT 06706

MULTI_FAMILY - Waterbury, CT

Property Features for 222 Lounsbury Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Retail Strip Mall with Multiple Tenants

Historic Three-Unit Multifamily Building

Three-Unit Multifamily with Detached Garage

Renovated Mixed-Use Income Property

Turnkey Renovated Multi-Family Home

Waterbury Multifamily Investment Opportunity

Permitted 14-Unit Rooming House

11-Unit Apartment Building

Spacious Two-Family Corner Lot

Well-Maintained Multifamily Property

Three-Unit Property with Separate Laundry

Waterbury Multi-Family Investment Opportunity

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