Two-Unit Residential Income
For Sale
$229,900
Pending
51 Sunbeam Ave, Waterbury, CT 06705
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
Days on Market98
Property Features for 51 Sunbeam Ave
General Information
Standard status
Pending
Size
1,008 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Woodtick Road
Building Details
Year Built
1975
Listing Agency:
Tier 1 Real Estate
Listed By:
Maria Theam (860) 877-0594 (860) 578-2016
(860) 877-0594
Source:
Ctshorelinehomesforsale
Added: Jul 23
Changed: Oct 26
Last Checked: Oct 28 at 8:21AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$11,357
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$227,140
$227.1K
Cap Rate 7%
$162,243
$162.2K
Cap Rate 9%
$126,189
$126.2K
Market Conditions
NOI Build-Up for 1,008 SF
Gross rent
$17.5K $17.40/SF
− Vacancy
−$1.3K −$1.31/SF
EGI
$16.2K $16.10/SF
− OpEx
−$4.9K −$4.83/SF
NOI
$11.4K $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%
$227,140
Cap Rate 7%
$162,243
Cap Rate 9%
$126,189
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.
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Location Intelligence
Trade Area within ½ mile
644
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
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 Ave 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
