Renovated Three-Family Investment
For Sale
$374,000
Pending
27 Beacon Street, Waterbury, CT 06704
Renovated three-family property with income potential in Waterbury, CT.
Property Size2,588 SF
Days on Market218
Property Features for 27 Beacon Street
General Information
Standard status
Pending
Size
2,588 SF
Property subtype
Multi-Family / 3 Family
Zoning
RM
Taxes and HOA fees
Annual Taxes
$3,860
Amenities
No
Baseboard
14
Window Unit
Not Applicable
Building Details
Year Built
1888
Listing Agency:
William Pitt Sotheby's Int'l
Listed By:
Melanie Scull · License #RES.0831146
(323) 314-0888
Source:
Compass
Added: Mar 13
Changed: Aug 8
Last Checked: Aug 8 at 5:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of William Pitt Sotheby's Int'l
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Investment Insights
Based on property information with market context.
This renovated three-family property presents an opportunity for investors and owner-occupants. One floor is currently leased at market rate. Renovations on the other two floors were completed in March 2026, and are ready to list. The property offers separate utilities. A bank appraisal of a sister property (next door, same structure) valued it at $490,000 in December 2025. The property has a size of 2588 square feet. This is a rare portfolio opportunity to acquire three buildings totaling nine units in close proximity. Two buildings are stabilized with renovated units, while the third is a value-add triplex ready for renovation, offering significant upside and the potential to increase overall portfolio income. All separate utilities. Ideal for investors looking to scale quickly with a concentrated multifamily portfolio.
Key Highlights
- Renovated 3‑family property featuring two newly renovated units (March 2026) ready for listing.
- Potential for double‑digit ROI and an attractive 8% cap rate.
- Separate utilities for efficient management and strong rental fundamentals.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,158
Cap Rate
7.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$583,160
$583.2K
Cap Rate 7%
$416,543
$416.5K
Cap Rate 9%
$323,978
$324.0K
Market Conditions
NOI Build-Up for 2,588 SF
Gross rent
$45.0K $17.40/SF
− Vacancy
−$3.4K −$1.31/SF
EGI
$41.7K $16.10/SF
− OpEx
−$12.5K −$4.83/SF
NOI
$29.2K $11.27/SF
Area
Waterbury, CT
Vacancy
7.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$583,160
Cap Rate 7%
$416,543
Cap Rate 9%
$323,978
Alternative Uses
Best Use
Multifamily LT 5
$416.5K
$364.5K – $486.0K
NOI $29,158 @ 7.0% cap · market cap 7.80%
Second Best
Apartment 5plus
$375.2K
$328.3K – $437.8K
NOI $26,267 @ 7.0% cap · market cap 7.02%
Theoretical Best
Office A
$686.8K
$600.9K – $801.3K
NOI $48,075 @ 7.0% cap · market cap 12.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
944
Businesses Nearby
Explore this area
Business Placement
Demographics for 06704, CT
27,300
Population
12,987
Households
2.1
Avg Household Size
34
Median Age
14%
College-Educated
78%
High-School Grad
8.1 sq mi
ZIP Area
3,370
Density / Sq Mi
$47,848
Median Household Income
$33,090
Median Earnings
$1,202
Median Rent
$178,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Renovated three-family property with income potential in Waterbury, CT.
Where is this triplex located?
The property is located at 27 Beacon Street Waterbury, CT.
What is the asking price?
The asking price for this property is $374,000.
What are key features of this property?
This property features: Renovated 3‑family property featuring two newly renovated units (March 2026) ready for listing.; Potential for double‑digit ROI and an attractive 8% cap rate.; Separate utilities for efficient management and strong rental fundamentals.
