Well-Maintained Multifamily
196 Park Street Bridgeport, CT 06608
196 Park Street, Bridgeport, CT, 06608
$575,000
Pending
For Sale
$575,000
Pending
MULTI_FAMILY - Bridgeport, CT
Property Size3,113 SF
Lot Size0.11 Acres
Days on Market81
Property Features for 196 Park Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RC
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1, Bedroom 5, Bedroom 2, Bedroom 4, Basement, Bedroom 3, Bedroom 1, Bedroom 6
- Basement
- Full
- Standard status
- Pending
- Size
- 3,113 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 7768
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating)
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1887
- Architectural style
- Other
Listing Agency
Weichert, Realtors-On The Mark
(203) 283-1422
47 Cherry Street, Milford, CT
Listed by
Gregorio Santiago · License #RES.0800318
(203) 668-8862
Added: Apr 29 Checked: Jul 18 at 9:06 pm
MLS# 24171352
Listing URL
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 well-maintained multifamily property features units each containing 3 bedrooms and 1 bath, offering ample space. The property is suitable for either owner occupancy or investment purposes. It includes off-street parking and a new asphalt driveway. The property is being sold AS IS. The lot size is 0.11 acres and the property size is 3113 square feet. The zoning is RC. The property is located in Bridgeport, CT.
Key Highlights
- Multi‑family property built in 1887
- Each unit features 3 bedrooms and 1 bath
- Public water and public sewer connected
Local Financial Insights For Apartment 5plus
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 | $70.2k | $22.56 |
| − Vacancy | −$3.7k | −$1.17 |
| EGI | $66.6k | $21.39 |
| − OpEx | −$30.0k | −$9.62 |
| NOI | $36.6k | $11.76 |
3,113 SF · lease $22.56/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$523.1K
$457.7K – $610.3K
NOI $36,618 @ 7.0% cap · market cap 6.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$888.5K
$777.5K – $1.04M
NOI $62,196 @ 7.0% cap · market cap 10.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Multifamily property - Multifamily property with three-bedroom units, ideal for investment.
Where is this multifamily property located?
The property is located at 196 Park Street Bridgeport, CT.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Multi‑family property built in 1887; Each unit features 3 bedrooms and 1 bath; Public water and public sewer connected
