Two-Unit Residential Income
51 Sunbeam Avenue Waterbury, CT 06705
New
For Sale
$229,900
Two separate 1-bedroom, 1-bath units with electric heating and off-street parking, plus a tandem-style four-car garage.
Property Size1,008 SF
Price / SF$228.08
Days on Market6
Property Features for 51 Sunbeam Avenue
General Information
Standard status
Active
Size
1,008 SF
Property subtype
2 Family
Building Details
Year Built
1975
Listing Agency:
Tier 1 Real Estate
(860) 877-0594
Listed By:
Maria Theam
(860) 877-0594
Source:
Lockandkeyre
Added: Jul 24
Changed: Jul 28
Last Checked: Jul 29 at 6:12AM
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 Tier 1 Real Estate
Investment Insights
Based on property information with market context.
This two-unit residential income property was built in 1975 and includes two separate 1-bedroom, 1-bath units. Each unit has its own entrance and is heated with electricity. The home features vinyl siding, a covered front porch, and off-street parking.
Tenants are currently month-to-month. The attached garages are empty and set up in a tandem configuration, with room for four cars (two on each side).
The property includes manageable yard space and is described as being on a quiet residential street with easy access to shopping, public transportation, and major routes.
Tenants are currently month-to-month. The attached garages are empty and set up in a tandem configuration, with room for four cars (two on each side).
The property includes manageable yard space and is described as being on a quiet residential street with easy access to shopping, public transportation, and major routes.
Key Highlights
- 2‑family property built in 1975 with two separate 1‑bedroom, 1‑bath units, each with separate entrances
- Each unit has electric heating; total living area is 1,008 sq. ft.
- Tenants are on month‑to‑month terms
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 | $17.5k | $17.40 |
| − Vacancy | −$1.3k | −$1.31 |
| EGI | $16.2k | $16.10 |
| − OpEx | −$4.9k | −$4.83 |
| NOI | $11.4k | $11.27 |
1,008 SF · lease $17.40/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$162.2K
$142.0K – $189.3K
NOI $11,357 @ 7.0% cap · market cap 4.94%
Second Best
Apartment 5plus
$146.2K
$127.9K – $170.5K
NOI $10,231 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$267.5K
$234.1K – $312.1K
NOI $18,725 @ 7.0% cap · market cap 8.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two separate 1-bedroom, 1-bath units with electric heating and off-street parking, plus a tandem-style four-car garage.
Where is this duplex located?
The property is located at 51 Sunbeam Avenue Waterbury, CT.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: 2‑family property built in 1975 with two separate 1‑bedroom, 1‑bath units, each with separate entrances; Each unit has electric heating; total living area is 1,008 sq. ft.; Tenants are on month‑to‑month terms
