Renovated Triplex with
51 Edson Avenue, Waterbury, CT 06705
For Sale
$450,000
Separate utilities and a garage complement the property’s multifamily layout.
Property Size2,908 SF
Price / SF$154.75
Days on Market567
Property Features for 51 Edson Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Highway Access
Additional Details
Multifamily Units
Amenities
8
3
Building Details
Year Built
Listing Agency:
For sale by owner, please contact
Listed By:
Fizber
Source:
Compass
Added: Apr 19, 2025
Changed: Nov 3
Last Checked: Nov 6 at 11:23AM
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 For sale by owner, please contact
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This three-family property offers 2,908 square feet of living space, generously sized rooms, and separate utilities for each unit. The building was renovated within the last 10 years and includes a fairly new roof and new windows. A four-car garage adds additional functional space to the property.
Located at 51 Edson Avenue in Waterbury’s East End, the property is near shopping, restaurants, and a park, with convenient access to nearby highways. The building includes long-term tenants, while the unit occupancy is not uniform across the property. Its three-unit configuration, utility separation, garage, and recent improvements provide a practical multifamily setup.
Located at 51 Edson Avenue in Waterbury’s East End, the property is near shopping, restaurants, and a park, with convenient access to nearby highways. The building includes long-term tenants, while the unit occupancy is not uniform across the property. Its three-unit configuration, utility separation, garage, and recent improvements provide a practical multifamily setup.
Key Highlights
- Three‑family property with 2,908 square feet
- Four‑car garage included
- Separate utilities for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,763
Cap Rate
7.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$655,260
$655.3K
Cap Rate 7%
$468,043
$468.0K
Cap Rate 9%
$364,033
$364.0K
Market Conditions
NOI Build-Up for 2,908 SF
Gross rent
$50.6K $17.40/SF
− Vacancy
−$3.8K −$1.31/SF
EGI
$46.8K $16.10/SF
− OpEx
−$14.0K −$4.83/SF
NOI
$32.8K $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%
$655,260
Cap Rate 7%
$468,043
Cap Rate 9%
$364,033
Alternative Uses
Best Use
Multifamily LT 5
$468.0K
$409.5K – $546.1K
NOI $32,763 @ 7.0% cap · market cap 7.28%
Second Best
Apartment 5plus
$421.6K
$368.9K – $491.9K
NOI $29,515 @ 7.0% cap · market cap 6.56%
Theoretical Best
Office A
$771.7K
$675.2K – $900.3K
NOI $54,019 @ 7.0% cap · market cap 12.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
834
Businesses Nearby
Explore this area
Business Placement
Demographics for 06705, CT
27,197
Population
12,222
Households
2.2
Avg Household Size
38
Median Age
18%
College-Educated
86%
High-School Grad
5.6 sq mi
ZIP Area
4,857
Density / Sq Mi
$53,169
Median Household Income
$41,327
Median Earnings
$1,165
Median Rent
$177,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Triplexes in Waterbury, CT
Properties on Market for Triplexes in Waterbury
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Separate utilities and a garage complement the property’s multifamily layout.
Where is this triplex located?
The property is located at 51 Edson 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 2,908 square feet; Four‑car garage included; Separate utilities for each unit
