Three-Family Residential Income
23 Beacon Street Waterbury, CT 06704
For Sale
$499,000
MULTI_FAMILY - Waterbury, CT
Property Size2,795 SF
Lot Size0.14 Acres
Price / SF$178.53
Days on Market136
Property Features for 23 Beacon Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RM
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 4, Bedroom 6, Bedroom 2, Bedroom 1, Bedroom 5, Bedroom 3, Bathroom 2, Bathroom 3, Bathroom 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
Listing Agency:
William Pitt Sotheby's Int'l
(203) 245-6700
Listed By:
Melanie Scull · License #RES.0831146
(323) 314-0888
Added: Mar 13
Changed: Jul 26
Last Checked: Jul 26 at 2:06PM
MLS# 24155841
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 three-family residential income property offers three spacious two-bedroom units across separate floors. The total building size is listed at 2,795 square feet, with a 0.14-acre lot and off-street parking. The remarks indicate tenant-paid utilities and very low owner expenses.
At 23 Beacon Street in Waterbury, CT, the current leasing status is described as follows: one floor is leased at a determined market value, one floor has been freshly renovated and is listed for rent, and one floor has a tenant lease-end with vacancy scheduled for the month’s end. The listing also cites a pro forma rent roll of $4,200–$4,800 per month and a 7–8% CAP pro forma.
At 23 Beacon Street in Waterbury, CT, the current leasing status is described as follows: one floor is leased at a determined market value, one floor has been freshly renovated and is listed for rent, and one floor has a tenant lease-end with vacancy scheduled for the month’s end. The listing also cites a pro forma rent roll of $4,200–$4,800 per month and a 7–8% CAP pro forma.
Key Highlights
- 3‑family income‑producing property with 3 spacious two‑bedroom units (one unit per floor)
- Pro forma rent roll of $4,200–$4,800/month; tenant‑paid utilities and very low owner expenses
- One floor leased at determined market value; one floor freshly renovated and listed for rent
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 | $48.6k | $17.40 |
| − Vacancy | −$3.6k | −$1.31 |
| EGI | $45.0k | $16.10 |
| − OpEx | −$13.5k | −$4.83 |
| NOI | $31.5k | $11.27 |
2,795 SF · lease $17.40/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$449.9K
$393.6K – $524.8K
NOI $31,490 @ 7.0% cap · market cap 6.31%
Second Best
Apartment 5plus
$405.3K
$354.6K – $472.8K
NOI $28,368 @ 7.0% cap · market cap 5.68%
Theoretical Best
Office A
$741.7K
$649.0K – $865.3K
NOI $51,920 @ 7.0% cap · market cap 10.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Three separate two-bedroom units with off-street parking and tenant-paid utilities in an RM-zoned property.
Where is this triplex 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 3 spacious two‑bedroom units (one unit per floor); Pro forma rent roll of $4,200–$4,800/month; tenant‑paid utilities and very low owner expenses; One floor leased at determined market value; one floor freshly renovated and listed for rent
