The demolition of historic residential buildings generates substantial construction and demolition waste, the effective management of which is essential for advancing circular economy objectives. This study presents a BIM-based waste management framework developed for European residential buildings constructed around the turn of the 19th and 20th centuries, reflecting their characteristic construction methods and material use. The framework employs a predefined structural and material database to automatically quantify waste streams from BIM data at LOD 300. Demolition materials are classified into eight categories consistent with the waste hierarchy: reuse, recycling, energy recovery, and disposal. The model also accounts for the influence of demolition techniques, enabling comparative scenario analysis of recovery outcomes. A Budapest case study demonstrated that selective manual demolition increases the proportion of high-value reuse from 19.6% to 56.8% compared to mechanical demolition, while preserving 88% of salvaged bricks and 90% of architectural stone elements. Although the framework was tested on a building in Budapest, the results are extendable to the wider Central European (Austro-Hungarian) building stock due to typological similarities. The findings confirm the framework’s capacity to support sustainable, circular waste management strategies in historic building demolition.