Two-Family Home with Updated
891 Pearl Lake Road Waterbury, CT 06706
891 Pearl Lake Road, Waterbury, CT, 06706
$239,900
Pending
For Sale
$239,900
Pending
Two-family property with newer roof, furnace, central air, and leased solar panels, conveyed with vacancy for an owner or investor.
Property Size1,776 SF
Days on Market128
Property Features for 891 Pearl Lake Road
General Information
- Standard status
- Pending
- Size
- 1,776 SF
- Property subtype
- Multi-Family / 2 Family
Building Details
- Year Built
- 1950
Listing agency
The Washington Agency
(860) 482-7044
Listed by
Ashley Henry · License #RES.0819783
(860) 482-7044
Source
Compass
Added: Mar 17 Updated: Jul 21 at 8:17PM Checked: Jul 21 at 8:17PM
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 The Washington Agency
Investment Insights
Based on property information with market context.
This two-family home is being offered with updated core systems while still presenting a need for some TLC. The property is slightly distressed, and includes a newer roof along with a newer furnace, central air system, and oil tank. It also has leased solar panels and propane equipment that are included with the sale.
The home is currently owner-occupied and will be conveyed with vacancy, providing flexibility for incoming owners. Located at 891 Pearl Lake Road in Waterbury, it offers a straightforward duplex configuration suited to buyers looking for a residential income property with the included mechanical and energy-related components.
Overall, the combination of updated building systems and included leased solar and propane equipment creates a practical starting point for an owner-occupant or investor planning renovations and rent-ready improvements.
The home is currently owner-occupied and will be conveyed with vacancy, providing flexibility for incoming owners. Located at 891 Pearl Lake Road in Waterbury, it offers a straightforward duplex configuration suited to buyers looking for a residential income property with the included mechanical and energy-related components.
Overall, the combination of updated building systems and included leased solar and propane equipment creates a practical starting point for an owner-occupant or investor planning renovations and rent-ready improvements.
Key Highlights
- Two‑family home built in 1950 with 10 total rooms
- Newer roof and newer furnace, plus central air and hot water heat
- Oil tank noted; oil tank‑offering a solid foundation for updates
Local 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 | $30.9k | $17.40 |
| − Vacancy | −$2.3k | −$1.31 |
| EGI | $28.6k | $16.10 |
| − OpEx | −$8.6k | −$4.83 |
| NOI | $20.0k | $11.27 |
1,776 SF · lease $17.40/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$285.8K
$250.1K – $333.5K
NOI $20,009 @ 7.0% cap · market cap 8.34%
Second Best
Apartment 5plus
$257.5K
$225.3K – $300.4K
NOI $18,025 @ 7.0% cap · market cap 7.51%
Theoretical Best
Office A
$471.3K
$412.4K – $549.9K
NOI $32,991 @ 7.0% cap · market cap 13.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
IOOF
Volunteer Organization
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-family property with newer roof, furnace, central air, and leased solar panels, conveyed with vacancy for an owner or investor.
Where is this duplex located?
The property is located at 891 Pearl Lake Road Waterbury, CT.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Two‑family home built in 1950 with 10 total rooms; Newer roof and newer furnace, plus central air and hot water heat; Oil tank noted; oil tank‑offering a solid foundation for updates
