Residential Income
For Sale
$774,900
106 Jones Avenue, Bridgeport, CT 06604
The building has units on separate floors and is equipped with forced-air heating.
Property Size2,637 SF
Price / SF$293.86
Days on Market51
Property Features for 106 Jones Avenue
General Information
Standard status
Active
Size
2,637 SF
Property subtype
Residential Income
Zoning
RES
Taxes and HOA fees
Annual Taxes
$7,372
Amenities
Window Unit(s)
Forced Air
Full
Units on different Floors
Building Details
Building Size
2,637 SF
Year Built
1903
Listed By:
Jennifer Ramirez
(203) 893-3552
Source:
Evrealestate
Added: Aug 24
Changed: Oct 11
Last Checked: Oct 12 at 6:56PM
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 Jennifer Ramirez
Investment Insights
Based on property information with market context.
Built in 1903, this residential income property has units on separate floors. Interior features include forced-air heating and window units; the property is zoned RES.
The property is at 106 Jones Avenue in Bridgeport, Connecticut.
The property is at 106 Jones Avenue in Bridgeport, Connecticut.
Key Highlights
- Units are located on separate floors
- Built in 1903
- RES zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,018
Cap Rate
4.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$620,360
$620.4K
Cap Rate 7%
$443,114
$443.1K
Cap Rate 9%
$344,644
$344.6K
Market Conditions
NOI Build-Up for 2,637 SF
Gross rent
$59.5K $22.56/SF
− Vacancy
−$3.1K −$1.17/SF
EGI
$56.4K $21.39/SF
− OpEx
−$25.4K −$9.62/SF
NOI
$31.0K $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%
$620,360
Cap Rate 7%
$443,114
Cap Rate 9%
$344,644
Alternative Uses
Best Use
Apartment 5plus
$443.1K
$387.7K – $517.0K
NOI $31,018 @ 7.0% cap · market cap 4.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$752.7K
$658.6K – $878.1K
NOI $52,686 @ 7.0% cap · market cap 6.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,484
Businesses Nearby
Explore this area
Business Placement
Demographics for 06604, CT
30,003
Population
12,972
Households
2.3
Avg Household Size
35
Median Age
29%
College-Educated
74%
High-School Grad
3.2 sq mi
ZIP Area
9,376
Density / Sq Mi
$45,794
Median Household Income
$34,706
Median Earnings
$1,419
Median Rent
$231,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The building has units on separate floors and is equipped with forced-air heating.
Where is this residential income property located?
The property is located at 106 Jones Avenue Bridgeport, CT.
What is the asking price?
The asking price for this property is $774,900.
What are key features of this property?
This property features: Units are located on separate floors; Built in 1903; RES zoning
