Back to Search

Income-Producing Multifamily Property

23 Beacon Street, Waterbury, CT 06704

View on Map

For Sale

$499,000

MULTI_FAMILY - Waterbury, CT

Property size:

2,795 SF

Lot size:

0.14 Acres

Price / SF:

$178/SF

Listing Contact

Melanie Scull

Real Estate License ID: RES.0831146

HighLights

3‑family income‑producing property with three spacious 2‑bedroom units across all floors
Proforma rent roll of $4,200–$4,800 per month, with tenant‑paid utilities and very low owner expenses
One unit is freshly renovated and listed for rent; another has lease‑end with vacancy scheduled for month’s end
Off‑street parking available
Utilities: public water and public sewer; heat via baseboard; cooling via window unit(s)
Built in 1903

For Sale

$499,000

MULTI_FAMILY - Waterbury, CT

Property size:

2,795 SF

Lot size:

0.14 Acres

Price / SF:

$178/SF

Added:: Mar 13, 2026
Days on Market:: 91
Last Refresh:: Jun 11 at 3:06 am

Property Features for 23 Beacon Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: RM
Bedrooms: 6
Bathrooms: 3
Rooms: Bathroom 3, Bedroom 6, Bathroom 1, Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 3, Bedroom 5, Bedroom 1
Basement: Crawl Space
Standard status: Active
Size: 2,795 SF
Lot size: 0.14 Acres

Taxes and HOA fees

Tax Year: 2026
Tax Annual Amount: 4128

Utilities

Sewer type: Public Sewer
Heating system: Baseboard
Cooling system: Window Unit(s)
Water source: Public

Building Details

Year built: 1903
Architectural style: Other

We can help!

Listing Contact

Melanie Scull

Listing agent Melanie Scull License #RES.0831146

Listing office William Pitt Sotheby's Int'l 696 Boston Post Road, Stamford, CT

Listing date Mar 13, 2026

MLS# 24155841 Listing URL

HighLights

3‑family income‑producing property with three spacious 2‑bedroom units across all floors
Proforma rent roll of $4,200–$4,800 per month, with tenant‑paid utilities and very low owner expenses
One unit is freshly renovated and listed for rent; another has lease‑end with vacancy scheduled for month’s end
Off‑street parking available
Utilities: public water and public sewer; heat via baseboard; cooling via window unit(s)
Built in 1903

Overview

This income-producing three-family property features spacious two-bedroom units on each of its three floors. The property offers positive cash flow with tenant-paid utilities, resulting in low owner expenses. One floor is currently leased at market value. Another floor has been freshly renovated and is listed for rent. The third floor is scheduled to become vacant at the end of the month. The proforma rent roll is estimated at $4200-4800 per month. Off-street parking is available. This property presents a compelling opportunity for investors looking to build or expand their multifamily portfolio. The property size is 2795 square feet, situated on a 0.14-acre lot. The zoning is RM. This property is located in Waterbury, CT.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$55.3k	$19.80
− Vacancy	−$3.8k	−$1.35
EGI	$51.6k	$18.45
− OpEx	−$23.2k	−$8.30
NOI	$28.4k	$10.15

2,795 SF · lease $19.80/SF/yr · vacancy 6.80% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$405.3K

$354.6K – $472.8K (±1% cap)

NOI $28,368 @ 7.0% cap · market cap 5.68%

Second Best

—

no second resolved use

Theoretical Best

Office A

$741.7K

$649.0K – $865.3K (±1% cap)

NOI $51,920 @ 7.0% cap · market cap 10.40%

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

Property Profile Location Intelligence

Current Use by Public Records

Multifamily properties

Suggested Use

Location Insight

Map
Local Demand

City: Waterbury
County: New Haven
State: Connecticut
Longitude: -73.035875
Latitude: 41.563326

Nearby Similar for Sale

$1,100,000

15,974 SF

Retail Strip Mall with Multiple Tenants

Multi-tenant strip mall includes multiple retail and service users with parking for 55 cars.

1014 Meriden Road, Waterbury, CT 06705

View Details
$749,000

3,676 SF

Historic Three-Unit Multifamily Building

Three well-appointed units with updated kitchens, central air, hardwood floors, and separate utilities in an early-1900s property.

124 Pine Street, Waterbury, CT 06710

View Details
$599,500

3,027 SF

Three-Unit Multifamily with Detached Garage

Three-family property with enclosed porches, patio, and a detached 3-car brick garage, plus an included extra lot.

160 Edson Avenue, Waterbury, CT 06705

View Details
$715,000

4,024 SF

Renovated Mixed-Use Income Property

Two-building asset combines street-level retail with five compact apartments, with renovations and multiple units ready to rent.

49 Hill Street, Waterbury, CT 06704

View Details
$574,995

1,668 SF

Turnkey Renovated Multi-Family Home

Completely renovated income property with new interiors, kitchens, baths, and updated systems for straightforward occupancy or rental.

849 Frost Road, Waterbury, CT 06705

View Details
$749,900

5,200 SF

Waterbury Multifamily Investment Opportunity

Six renovated units in two buildings with off-street parking.

38 Green Street, Waterbury, CT 06708

View Details
$549,900

3,754 SF

Permitted 14-Unit Rooming House

Fully occupied 14-unit rooming house with 5-bay garage, common tile bathrooms, and controlled access security systems.

34 Mitchell Avenue, Waterbury, CT 06710

View Details
$1,149,900

5,934 SF

11-Unit Apartment Building

Eleven separately metered units with electric heat and hot water, plus recent roof, siding, and interior updates.

133 Hillside Avenue, Waterbury, CT 06710

View Details
$299,900

3,909 SF

Spacious Two-Family Corner Lot

Restoration opportunity on a spacious corner lot.

76 Chapman Avenue, Waterbury, CT 06710

View Details
$525,000

2,938 SF

Well-Maintained Multifamily Property

Income-generating three-family home near highway, shopping, and schools.

41 Diane Terrace, Waterbury, CT 06705

View Details
$419,900

3,896 SF

Three-Unit Property with Separate Laundry

Solid three-family home with two bedrooms per unit, gas heating, vinyl windows, updated electrical, and in-unit laundry hookups.

155 Sylvan Avenue, Waterbury, CT 06706

View Details
$350,000

3,088 SF

Waterbury Multi-Family Investment Opportunity

Three-family property with significant upside potential and recent upgrades.

35 Frederick Street, Waterbury, CT 06710

View Details

For sale
Multifamily properties
CT
Waterbury
06704
23 Beacon Street

What type of property is this?

Multifamily property - Three-unit multifamily property with positive cash flow potential.

Where is this multifamily property located?

The property is located at 23 Beacon Street Waterbury, CT.

What is the asking price?

The asking price for this property is $499,000.

What are key features of this property?

This property features: 3‑family income‑producing property with three spacious 2‑bedroom units across all floors; Proforma rent roll of $4,200–$4,800 per month, with tenant‑paid utilities and very low owner expenses; One unit is freshly renovated and listed for rent; another has lease‑end with vacancy scheduled for month’s end

23 Beacon Street, Waterbury, CT 06704

MULTI_FAMILY - Waterbury, CT

Property Features for 23 Beacon 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

FAQs

Create New Password