278 Federal Street Bridgeport, CT 06606
MULTI_FAMILY - Bridgeport, CT
Property Features for 278 Federal Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RC
- Bedrooms
- 9
- Bathrooms
- 3
- Rooms
- Bedroom 7, Bedroom 9, Bedroom 6, Bedroom 3, Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 4, Bedroom 5, Bedroom 8, Bathroom 2, Basement, Bathroom 3
- Basement
- Full
- Standard status
- Active
- Size
- 3,272 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 8633
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1909
- Architectural style
- Other
Listing agent Basil Amso License #RES.0777456 (203) 209-3818
Listing office RE/MAX Right Choice 105 Technology Drive, Suite 1a, Trumbull, CT (203) 268-1118
Listing date Jul 2, 2026
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.
Located in Bridgeport, CT at 278 Federal Street, the home is described as being in the North End area. The listing notes convenient access to a train, shopping, and major highways, supporting everyday practicality for tenants and owner-occupants. Zoning is identified as RC.
With three separate residential units, the property can fit a range of buyers, including investors looking for income-producing real estate and owner-occupants who want additional rental help. The remarks also reference potential value from bringing rents up to market rate, while emphasizing that the property is currently in great shape.
Key Highlights
- 1909‑built 3‑family home with public water and public sewer
- Newer roof, maintenance‑free vinyl siding, and thermopane windows
- Gas heat and hardwood floors throughout
Local Financial Insights For Multifamily LT 5
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 | $64.8k | $19.80 |
| − Vacancy | −$4.2k | −$1.29 |
| EGI | $60.6k | $18.51 |
| − OpEx | −$18.2k | −$5.55 |
| NOI | $42.4k | $12.96 |
