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    Three-Family Residential Income Property Title is generated by Realmo AI

    23 Plaza Avenue, Waterbury, CT 06710

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    New
    For Sale
    $450,000

    MULTI_FAMILY - Waterbury, CT

    Property size:
    3,245 SF
    Lot size:
    0.10 Acres
    Price / SF:
    $138/SF
    Added:
    Jun 12, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 15 at 4:06 am

    Property Features for 23 Plaza Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    RM
    Bedrooms
    9
    Bathrooms
    3
    Rooms
    Bedroom 7, Bedroom 1, Bedroom 8, Bedroom 5, Bathroom 1, Bathroom 2, Bedroom 6, Bedroom 9, Bedroom 4, Bedroom 3, Bathroom 3, Basement, Bedroom 2
    Parking
    3
    Patio and Porch features
    Porch
    Exterior features
    Porch
    Basement
    Full
    Standard status
    Active
    Size
    3,245 SF
    Lot size
    0.10 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    4855

    Utilities

    Sewer type
    Public Sewer
    Cooling system
    None (Cooling), Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1900
    Architectural style
    Other

    We can help!

    Listing Contact
    Robert Ghent

    Listing agent Robert Ghent License #REB.0790043

    Listing office Ghent Realty Advisors 555 Heritage Road, Suite 5, Waterbury, CT

    Listing date Jun 12, 2026

    MLS# 24183604 Listing URL

    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.

    HighLights

    • Three‑family property with 3 separate 3‑bed, 1‑bath units
    • All utilities are separately metered and tenant‑paid, including gas heat, hot water, and electricity
    • New roof installed in 2021
    • Public water and public sewer
    • Porch and on‑street parking
    • Built in 1900

    Overview

    This three-family residential income property offers three separate units, each configured as a 3-bedroom, 1-bath layout. The roof was installed in 2021. All utilities are separately metered and paid by the tenants, including heat (gas), hot water, and electricity.

    Located in the Willow Plaza neighborhood of Waterbury, the property is described as being just minutes from Downtown Waterbury, Waterbury Hospital, shopping, restaurants, public transportation, and major highways. On-street parking is available.

    For buyers seeking a straightforward multifamily setup, the unit-by-unit utility metering can help keep operating expenses more controlled from the owner’s perspective, since tenants are responsible for their own heat, hot water, and electricity. The consistent 3-bedroom, 1-bath configuration across all three units may also simplify leasing and tenanting for an operator looking to manage a uniform residential product. The property is zoned RM.

    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 $56.5k $17.40
    − Vacancy −$4.2k −$1.31
    EGI $52.2k $16.10
    − OpEx −$15.7k −$4.83
    NOI $36.6k $11.27
    3,245 SF · lease $17.40/SF/yr · vacancy 7.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $522.3K
    $457.0K – $609.3K (±1% cap)
    NOI $36,560 @ 7.0% cap · market cap 8.12%
    Second Best
    Apartment 5plus
    $470.5K
    $411.7K – $548.9K (±1% cap)
    NOI $32,935 @ 7.0% cap · market cap 7.32%
    Theoretical Best
    Office A
    $861.1K
    $753.5K – $1.00M (±1% cap)
    NOI $60,279 @ 7.0% cap · market cap 13.40%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Waterbury
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.049457
    Latitude
    41.566199

    FAQs

    What type of property is this?
    Triplex - Three 3-bedroom, 1-bath units with separately metered, tenant-paid utilities, including heat, hot water, and electricity.
    Where is this triplex located?
    The property is located at 23 Plaza Avenue 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: Three‑family property with 3 separate 3‑bed, 1‑bath units; All utilities are separately metered and tenant‑paid, including gas heat, hot water, and electricity; New roof installed in 2021
    More about this property
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