Multi-Family Property Near Seaside
For Sale
$825,000
Pending
1146-1148 Iranistan Avenue, Bridgeport, CT 06605
Multi-family property near Seaside Park, University of Bridgeport, commuter routes.
Property Size3,957 SF
Days on Market254
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Property Features for 1146-1148 Iranistan Avenue
General Information
Standard status
Pending
Size
3,957 SF
Property subtype
Multi-Family / 2 Family
Zoning
RBB
Taxes and HOA fees
Annual Taxes
$9,304
Amenities
Yes
Hot Air
15
Partially Finished, Walk-up
Not Applicable
Building Details
Year Built
1910
Listing Agency:
Las Americas Real Estate
Listed By:
Andrew Cevasco · License #REB.0795868
(203) 368-2181
Source:
Compass
Added: Feb 3
Changed: Oct 5
Last Checked: Oct 15 at 1:13AM
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 Las Americas Real Estate
Investment Insights
Based on property information with market context.
This multi-family property at 1146-1148 Iranistan Avenue presents an opportunity for investors or owner-occupants. The property offers a versatile multi-family layout with living spaces and income potential. Its location provides convenient access to Seaside Park, the University of Bridgeport, and key commuter routes. Metro-North Railroad service, downtown amenities, and shopping and dining options are also easily accessible. The property size is 3957 square feet.
Key Highlights
- Multi‑family property ideal for investors or owner‑occupants.
- Strong income potential.
- Convenient location near Seaside Park, University of Bridgeport, and commuter routes.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,279
Cap Rate
6.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,025,580
$1.0M
Cap Rate 7%
$732,557
$732.6K
Cap Rate 9%
$569,767
$569.8K
Market Conditions
NOI Build-Up for 3,957 SF
Gross rent
$78.3K $19.80/SF
− Vacancy
−$5.1K −$1.29/SF
EGI
$73.3K $18.51/SF
− OpEx
−$22.0K −$5.55/SF
NOI
$51.3K $12.96/SF
Area
Bridgeport, CT
Vacancy
6.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,025,580
Cap Rate 7%
$732,557
Cap Rate 9%
$569,767
Alternative Uses
Best Use
Multifamily LT 5
$732.6K
$641.0K – $854.7K
NOI $51,279 @ 7.0% cap · market cap 6.22%
Second Best
Apartment 5plus
$664.9K
$581.8K – $775.8K
NOI $46,545 @ 7.0% cap · market cap 5.64%
Theoretical Best
Office A
$1.13M
$988.2K – $1.32M
NOI $79,059 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,457
Businesses Nearby
Explore this area
Business Placement
Demographics for 06605, CT
23,867
Population
10,799
Households
2.2
Avg Household Size
35
Median Age
33%
College-Educated
80%
High-School Grad
2.3 sq mi
ZIP Area
10,377
Density / Sq Mi
$59,673
Median Household Income
$40,276
Median Earnings
$1,423
Median Rent
$273,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Multi-family property near Seaside Park, University of Bridgeport, commuter routes.
Where is this duplex located?
The property is located at 1146-1148 Iranistan Avenue Bridgeport, CT.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Multi‑family property ideal for investors or owner‑occupants.; Strong income potential.; Convenient location near Seaside Park, University of Bridgeport, and commuter routes.
