18-Room Apartment
For Sale
$925,000
1014 Noble, Bridgeport, CT 06608
Rooming house configuration with private rooms, efficiency units, and shared bathrooms in Bridgeport.
Property Size4,744 SF
Price / SF$194.98
Days on Market76
Property Features for 1014 Noble
General Information
Standard status
Active
Size
4,744 SF
Property subtype
5 Family+
Building Details
Year Built
1912
Tenancy
Multi
Listing Agency:
Eaddy Associates
(203) 713-8330
Listed By:
Latasha Eaddy · License #REB.0789672
(203) 209-8936
Source:
Lockandkeyre
Added: Aug 8
Changed: Oct 21
Last Checked: Oct 20 at 10:35PM
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 Eaddy Associates
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Investment Insights
Based on property information with market context.
This 1912 apartment property is configured as an 18-room rooming house with 16 private rooms and two efficiency units. The rooms average approximately 14 by 15 feet, with some larger spaces, and the layout includes two shared bathrooms. One room is occupied by an on-site property manager without rent.
Located at 1014 Noble Ave in Bridgeport, Connecticut, the property has a Walk Score of 72, a Bike Score of 56, and a Transit Score of 41. The address provides a compact multifamily format with a mix of individual rooms and efficiency accommodations.
Located at 1014 Noble Ave in Bridgeport, Connecticut, the property has a Walk Score of 72, a Bike Score of 56, and a Transit Score of 41. The address provides a compact multifamily format with a mix of individual rooms and efficiency accommodations.
Key Highlights
- 18‑room configuration with 16 private rooms and 2 efficiency units
- Two shared bathrooms serving the rooming house layout
- Average room size of 14' x 15'; some rooms are larger
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,803
Cap Rate
6.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,116,060
$1.1M
Cap Rate 7%
$797,186
$797.2K
Cap Rate 9%
$620,033
$620.0K
Market Conditions
NOI Build-Up for 4,744 SF
Gross rent
$107.0K $22.56/SF
− Vacancy
−$5.6K −$1.17/SF
EGI
$101.5K $21.39/SF
− OpEx
−$45.7K −$9.62/SF
NOI
$55.8K $11.76/SF
Area
Bridgeport, CT
Vacancy
5.20%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,116,060
Cap Rate 7%
$797,186
Cap Rate 9%
$620,033
Alternative Uses
Best Use
Apartment 5plus
$797.2K
$697.5K – $930.1K
NOI $55,803 @ 7.0% cap · market cap 6.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.35M
$1.18M – $1.58M
NOI $94,783 @ 7.0% cap · market cap 10.25%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,154
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Rooming house configuration with private rooms, efficiency units, and shared bathrooms in Bridgeport.
Where is this apartment building located?
The property is located at 1014 Noble Bridgeport, CT.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: 18‑room configuration with 16 private rooms and 2 efficiency units; Two shared bathrooms serving the rooming house layout; Average room size of 14' x 15'; some rooms are larger
