Renovated Multifamily Investment
27 Beacon Street Waterbury, CT 06704
For Sale
Under Contract
$374,000
MULTI_FAMILY - Waterbury, CT
Property Size2,588 SF
Lot Size0.14 Acres
Price / SF$144.51
Days on Market137
Property Features for 27 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, Basement, Bathroom 3, Bathroom 1
- Basement
- Unfinished, Full
- 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
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 27 at 2:06AM
MLS# 24155846
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 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.
Key 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
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 | $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
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
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
