Renovated 3-Unit
99 Lounsbury, Waterbury, CT 06706
For Sale
New
$445,000
The first-floor residence is available, while the two upper apartments are occupied and separately metered utilities are tenant-paid.
Property Size2,967 SF
Price / SF$149.98
Days on Market6
Property Features for 99 Lounsbury
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Public Transit
Utilities to Site
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Building Details
Year Built
Listing Agency:
Oxford Realty
Listed By:
Amanda Faroni-Sheehan · License CT REB.0793328
(203) 314-4219
Source:
Lockandkeyre
Added: Nov 4
Changed: Nov 9
Last Checked: Nov 9 at 1:47PM
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
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Investment Insights
Based on property information with market context.
This three-unit residential property contains approximately 990 square feet per apartment. Each residence has three bedrooms and one bathroom. Renovations include refreshed kitchens and baths, new flooring, neutral finishes, and clean interiors. The first-floor unit is available for occupancy; the second- and third-floor apartments are occupied. Gas heat, hot water, and electricity are separately metered and paid by tenants. Vinyl siding and on-street parking are also part of the property.
Shopping, public transportation, major roadways, and everyday services are nearby. The property was built in 1914 and is located in Waterbury’s South End.
Shopping, public transportation, major roadways, and everyday services are nearby. The property was built in 1914 and is located in Waterbury’s South End.
Key Highlights
- Three apartments, each approximately 990 SF with 3 bedrooms and 1 bath
- First‑floor apartment available; second- and third‑floor units occupied
- Separate tenant‑paid gas heat, hot water, and electric
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,428
Cap Rate
7.51%
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 7.51%
Second Best
Apartment 5plus
$430.2K
$376.4K – $501.9K
NOI $30,114 @ 7.0% cap · market cap 6.77%
Theoretical Best
Office A
$787.4K
$688.9K – $918.6K
NOI $55,115 @ 7.0% cap · market cap 12.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Yes
Utilities to site
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
$171,400
Median Home Value
Market
Average Price Trend$/SF for Triplexes in Waterbury, CT
Properties on Market for Triplexes in Waterbury
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - The first-floor residence is available, while the two upper apartments are occupied and separately metered utilities are tenant-paid.
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 $445,000.
What are key features of this property?
This property features: Three apartments, each approximately 990 SF with 3 bedrooms and 1 bath; First‑floor apartment available; second- and third‑floor units occupied; Separate tenant‑paid gas heat, hot water, and electric
