Waterbury Two-Family Investment
891 Pearl Lake Road Waterbury, CT 06706
For Sale
$239,900
Pending
MULTI_FAMILY - Waterbury, CT
Property Size1,776 SF
Lot Size0.17 Acres
Days on Market147
Property Features for 891 Pearl Lake Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RL
Bedrooms
5
Bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Basement, Bedroom 1, Bedroom 5, Bedroom 2, Bedroom 4, Bedroom 3
Patio and Porch features
Deck
Exterior features
Deck
Basement
Full
Standard status
Pending
Size
1,776 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
6366
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1950
Architectural style
Other
Listing Agency:
The Washington Agency
(860) 482-7044
Listed By:
Ashley Henry · License #RES.0819783
(860) 776-6515
Added: Mar 5
Changed: Jul 28
Last Checked: Jul 30 at 7:06AM
MLS# 24139973
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 two-family home on Pearl Lake in Waterbury, Connecticut, presents an investment opportunity. The property, situated on a 0.17-acre lot, includes leased solar panels and propane equipment. The 1,776 square foot home features a newer roof, furnace, central air system, and oil tank. The property is slightly distressed and requires some TLC. Currently owner-occupied, the property will be conveyed with vacancy. The zoning is RL.
Key Highlights
- Two‑family home in Waterbury on Pearl Lake
- Newer roof, furnace, central air system, and oil tank
- Leased solar panels and propane equipment included
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 authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two-family home with updated essentials, ideal for investors.
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 in Waterbury on Pearl Lake; Newer roof, furnace, central air system, and oil tank; Leased solar panels and propane equipment included
