Multifamily Property with Two-Car
For Sale
$599,000
Pending
107 Fairview Avenue, Bridgeport, CT 06606
MULTI_FAMILY - Bridgeport, CT
Property Size3,170 SF
Lot Size0.13 Acres
Days on Market59
Property Features for 107 Fairview Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RA
Bedrooms
9
Bathrooms
3
Full bathrooms
3
Rooms
Basement, Bedroom 5, Bathroom 3, Bedroom 9, Bedroom 6, Bedroom 4, Bedroom 1, Bathroom 2, Bedroom 3, Bedroom 7, Bedroom 8, Bedroom 2, Bathroom 1
Basement
Full, Unfinished
Lot features
Corner Lot
Elementary school
Per Board of Ed
High school
Per Board of Ed
Directions
GPS friendly
Standard status
Pending
Size
3,170 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
9027
Utilities
Sewer type
Public Sewer
Cooling system
Window Unit(s)
Water source
Public
Amenities
laundry hookups
Building Details
Year built
1925
Architectural style
Other
Listing Agency:
Keller Williams Realty
(203) 429-4020
Listed By:
Angela Araujo
(203) 858-2192
Added: Jun 11
Changed: Aug 3
Last Checked: Aug 8 at 9:06PM
MLS# 24180527
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 multifamily property at 107 Fairview Avenue, Bridgeport, CT 06606 sits on a 0.13-acre lot and includes 3,170 square feet built in 1925. The home features basement laundry hookups and has window unit(s) for cooling. A two-car garage provides off-street parking convenience.
The property is located one block from St. Vincent’s Hospital, offering convenient access to nearby hospitals, shopping, restaurants, public transportation, and major highways.
Served by public water and public sewer, the layout includes multiple bedrooms and bathrooms across the home and a basement level.
The property is located one block from St. Vincent’s Hospital, offering convenient access to nearby hospitals, shopping, restaurants, public transportation, and major highways.
Served by public water and public sewer, the layout includes multiple bedrooms and bathrooms across the home and a basement level.
Key Highlights
- 0.13‑acre lot with 3,170 SF multifamily building
- One block from St. Vincent’s Hospital
- Basement laundry hookups
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
$37,288
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
6.23%
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%
$745,760
$745.8K
Cap Rate 7%
$532,686
$532.7K
Cap Rate 9%
$414,311
$414.3K
Market Conditions
NOI Build-Up for 3,170 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
$71.5K $22.56/SF
− Vacancy
−$3.7K −$1.17/SF
EGI
$67.8K $21.39/SF
− OpEx
−$30.5K −$9.62/SF
NOI
$37.3K $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 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%
$745,760
Cap Rate 7%
$532,686
Cap Rate 9%
$414,311
Alternative Uses
Best Use
Apartment 5plus
$532.7K
$466.1K – $621.5K
NOI $37,288 @ 7.0% cap · market cap 6.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$904.8K
$791.7K – $1.06M
NOI $63,335 @ 7.0% cap · market cap 10.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,394
Businesses Nearby
Explore this area
Business Placement
Demographics for 06606, CT
48,427
Population
19,002
Households
2.5
Avg Household Size
36
Median Age
23%
College-Educated
82%
High-School Grad
5.3 sq mi
ZIP Area
9,137
Density / Sq Mi
$68,538
Median Household Income
$35,128
Median Earnings
$1,434
Median Rent
$272,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Multifamily property - Multifamily in RA zoning with basement laundry hookups, two-car garage, window cooling, and public water and sewer.
Where is this multifamily property located?
The property is located at 107 Fairview Avenue Bridgeport, CT.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 0.13‑acre lot with 3,170 SF multifamily building; One block from St. Vincent’s Hospital; Basement laundry hookups
