Renovated 3-Unit
For Sale
$450,000
99 Lounsbury, Waterbury, CT 06706
Separate, tenant-paid utilities serve all three apartments; the upper two floors are occupied.
Property Size1,914 SF
Price / SF$151.67
Days on Market24
Property Features for 99 Lounsbury
General Information
Standard status
Active
Size
1,914 SF
Property subtype
3 Family
Lease Term
Listing ID: 24208338, Standard Status: Active, MLS Status: Active, Property Subtype: 3 Family, 14 days on market
Units
Unit Mix
3 x 3BR/1BA
Multifamily Units
3
Additional Details
Public Transit
Yes
Building Details
Building Size
1,914 SF
Year Built
1914
Listing Agency:
Oxford Realty
(203) 314-4219
Listed By:
Amanda Faroni-Sheehan · License #REB.0793328
(203) 758-0264
Source:
Iverty
Added: Sep 18
Changed: Oct 10
Last Checked: Oct 10 at 2:21AM
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 Oxford Realty
Investment Insights
Based on property information with market context.
This three-unit residential property has one apartment on each floor. Each unit measures approximately 990 square feet and includes three bedrooms and one bathroom. Renovations include updated kitchens and baths, new flooring, and neutral interior finishes. The first-floor apartment is available for occupancy, while the second- and third-floor apartments are occupied. Vinyl siding provides the exterior finish, and parking is on the street.
Utilities are separately metered and paid by tenants, including gas heat, hot water, and electricity. The property is in Waterbury’s South End, near shopping, public transportation, major roads, and everyday amenities.
Utilities are separately metered and paid by tenants, including gas heat, hot water, and electricity. The property is in Waterbury’s South End, near shopping, public transportation, major roads, and everyday amenities.
Key Highlights
- Three apartments, each approx. 990 SF with 3 bedrooms and 1 bath
- Renovated kitchens, bathrooms, flooring, and interior finishes in all units
- First‑floor unit available; second- and third‑floor units occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,428
Cap Rate
7.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$668,560
$668.6K
Cap Rate 7%
$477,543
$477.5K
Cap Rate 9%
$371,422
$371.4K
Market Conditions
NOI Build-Up for 2,967 SF
Gross rent
$51.6K $17.40/SF
− Vacancy
−$3.9K −$1.31/SF
EGI
$47.8K $16.10/SF
− OpEx
−$14.3K −$4.83/SF
NOI
$33.4K $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%
$668,560
Cap Rate 7%
$477,543
Cap Rate 9%
$371,422
Alternative Uses
Best Use
Multifamily LT 5
$477.5K
$417.9K – $557.1K
NOI $33,428 @ 7.0% cap · market cap 7.43%
Second Best
Apartment 5plus
$430.2K
$376.4K – $501.9K
NOI $30,114 @ 7.0% cap · market cap 6.69%
Theoretical Best
Office A
$787.4K
$688.9K – $918.6K
NOI $55,115 @ 7.0% cap · market cap 12.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
717
Businesses Nearby
Explore this area
Business Placement
Demographics for 06706, CT
14,699
Population
5,907
Households
2.5
Avg Household Size
36
Median Age
16%
College-Educated
77%
High-School Grad
3.8 sq mi
ZIP Area
3,868
Density / Sq Mi
$51,770
Median Household Income
$32,375
Median Earnings
$1,233
Median Rent
$171,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Separate, tenant-paid utilities serve all three apartments; the upper two floors are occupied.
Where is this triplex located?
The property is located at 99 Lounsbury 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 apartments, each approx. 990 SF with 3 bedrooms and 1 bath; Renovated kitchens, bathrooms, flooring, and interior finishes in all units; First‑floor unit available; second- and third‑floor units occupied
