Mixed-Use Property with
For Sale
$1,550,000
1368-1370 E Main Street, Bridgeport, CT 06608
Multi-Family For Sale, Units on different Floors, Bridgeport, CT
Property Size13,776 SF
Lot Size0.12 Acres
Price / SF$112.51
Days on Market130
Property Features for 1368-1370 E Main Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
ORN
Bedrooms
12
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bedroom 10, Bedroom 7, Bathroom 4, Bedroom 9, Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 5, Bathroom 3, Bedroom 3, Basement, Bedroom 2, Bedroom 12, Bedroom 6, Bedroom 11, Bedroom 8
Parking
1
Basement
Unfinished, Full
Lot features
City Views
Elementary school
Luis Munoz Marin
High school
Per Board of Ed
Directions
GPS
Subdivision
East End
Standard status
Active
Size
13,776 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
13366
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1940
Architectural style
Other
Listing Agency:
BHGRE Shore & Country
(203) 504-5005
Listed By:
Mei Ling Cheung · License #RES.0800750
(914) 752-8788
Added: Apr 29
Changed: Sep 5
Last Checked: Sep 5 at 3:06PM
MLS# 24171252
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 mixed-use property at 1368-1370 E. Main Street combines four three-bedroom apartments totaling 5,504 square feet with 2,904 square feet of street-level retail space. The residential units include updated kitchens, while the retail component is currently operated as a liquor store. An adjacent storage facility at 376 Berkshire Ave. is included under the same tax card, along with a 2,556-square-foot unfinished basement used for storage.
The property contains 13,776 square feet on 0.12 acres and was built in 1940. Additional physical features include off-street parking, natural-gas heating and cooking, public water, and public sewer. The property is identified with ORN zoning and includes residential, retail, and storage components within the same offering.
The property contains 13,776 square feet on 0.12 acres and was built in 1940. Additional physical features include off-street parking, natural-gas heating and cooking, public water, and public sewer. The property is identified with ORN zoning and includes residential, retail, and storage components within the same offering.
Key Highlights
- Four 3‑bedroom residential units totaling 5,504 sq ft
- Street‑level retail area measures 2,904 sq ft and is currently operated as a liquor store
- Adjacent storage facility at 376 Berkshire Ave. included under the same tax card
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$139,904
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,798,080
$2.8M
Cap Rate 7%
$1,998,629
$2.0M
Cap Rate 9%
$1,554,489
$1.6M
Market Conditions
NOI Build-Up for 13,776 SF
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.
Gross rent
$214.9K $15.60/SF
− Vacancy
−$15.0K −$1.09/SF
EGI
$199.9K $14.51/SF
− OpEx
−$60.0K −$4.35/SF
NOI
$139.9K $10.16/SF
Area
Bridgeport, CT
Vacancy
7.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,798,080
Cap Rate 7%
$1,998,629
Cap Rate 9%
$1,554,489
Alternative Uses
Best Use
Mixed Use
$2.85M
$2.50M – $3.33M
NOI $199,614 @ 7.0% cap · market cap 12.88%
Second Best
Specialty Retail
$2.72M
$2.38M – $3.17M
NOI $190,439 @ 7.0% cap · market cap 12.29%
Theoretical Best
Office A
$3.93M
$3.44M – $4.59M
NOI $275,238 @ 7.0% cap · market cap 17.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,292
Businesses Nearby
Explore this area
Business Placement
Demographics for 06608, CT
14,312
Population
4,915
Households
2.9
Avg Household Size
33
Median Age
7%
College-Educated
67%
High-School Grad
1.0 sq mi
ZIP Area
14,312
Density / Sq Mi
$43,008
Median Household Income
$30,524
Median Earnings
$1,311
Median Rent
$222,900
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Four apartments, street-level commercial space, and an adjacent storage facility create a varied property configuration.
Where is this mixed-use property located?
The property is located at 1368-1370 E Main Street Bridgeport, CT.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Four 3‑bedroom residential units totaling 5,504 sq ft; Street‑level retail area measures 2,904 sq ft and is currently operated as a liquor store; Adjacent storage facility at 376 Berkshire Ave. included under the same tax card
