Renovated Multifamily Investment Opportunity

27 Beacon Street, Waterbury, CT 06704

View on Map

For Sale

Under Contract

$374,000

MULTI_FAMILY - Waterbury, CT

Property size:

2,588 SF

Lot size:

0.14 Acres

Price / SF:

$144/SF

HighLights

3‑family opportunity with separate utilities for each unit
One floor currently leased at market rate; other two floors renovated and ready to list (March 2026)
Year built 1888 with basement and flexible room layout
Home includes 6 bedrooms and 3 bathrooms plus basement space
Public water and public sewer
Baseboard heating and window unit(s) cooling

We can help!

Listing Contact

Melanie Scull

For Sale

Under Contract

$374,000

MULTI_FAMILY - Waterbury, CT

Property size:

2,588 SF

Lot size:

0.14 Acres

Price / SF:

$144/SF

Added:: Mar 13, 2026
Days on Market:: 90
Last Refresh:: Jun 10 at 3:06 am

Property Features for 27 Beacon Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: RM
Bedrooms: 6
Bathrooms: 3
Rooms: Bathroom 1, Bedroom 5, Bedroom 1, Bedroom 3, Bedroom 6, Bathroom 2, Bathroom 3, Bedroom 4, Basement, Bedroom 2
Basement: Full, Unfinished
Standard status: Active Under Contract
Size: 2,588 SF
Lot size: 0.14 Acres

Taxes and HOA fees

Tax Year: 2026
Tax Annual Amount: 3860

Utilities

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

Building Details

Year built: 1888
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# 24155846 Listing URL

HighLights

3‑family opportunity with separate utilities for each unit
One floor currently leased at market rate; other two floors renovated and ready to list (March 2026)
Year built 1888 with basement and flexible room layout
Home includes 6 bedrooms and 3 bathrooms plus basement space
Public water and public sewer
Baseboard heating and window unit(s) cooling

Overview

This renovated 3-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 the potential for double-digit ROI and an 8% CAP rate, with the ability to immediately achieve market rents. Separate utilities contribute to efficient management and strong rental fundamentals. A bank appraisal of a sister property (next door, same structure) valued it at $490,000 in December 2025. The property is zoned RM. The building has a size of 2588 square feet and is situated on a 0.14-acre lot. This property is located in Waterbury, Connecticut. 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.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$45.0k	$17.40
− Vacancy	−$3.4k	−$1.31
EGI	$41.7k	$16.10
− OpEx	−$12.5k	−$4.83
NOI	$29.2k	$11.27

2,588 SF · lease $17.40/SF/yr · vacancy 7.50% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$416.5K

$364.5K – $486.0K (±1% cap)

NOI $29,158 @ 7.0% cap · market cap 7.80%

Second Best

Apartment 5plus

$375.2K

$328.3K – $437.8K (±1% cap)

NOI $26,267 @ 7.0% cap · market cap 7.02%

Theoretical Best

Office A

$686.8K

$600.9K – $801.3K (±1% cap)

NOI $48,075 @ 7.0% cap · market cap 12.85%

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

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Location Insight

Map
Local Demand

City: Waterbury
County: New Haven
State: Connecticut
Longitude: -73.035925
Latitude: 41.563455

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For sale
Triplexes
CT
Waterbury
06704
27 Beacon Street

What type of property is this?

Triplex - Renovated triplex with income potential in Waterbury, Connecticut.

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: 3‑family opportunity with separate utilities for each unit; One floor currently leased at market rate; other two floors renovated and ready to list (March 2026); Year built 1888 with basement and flexible room layout

27 Beacon Street, Waterbury, CT 06704

MULTI_FAMILY - Waterbury, CT

Property Features for 27 Beacon Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Multifamily LT 5

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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