Multi-Family Property Near Seaside
1146-1148 Iranistan Avenue Bridgeport, CT 06605
1146-1148 Iranistan Avenue, Bridgeport, CT, 06605
$825,000
For Sale
$825,000
Multi-family property near Seaside Park, University of Bridgeport, commuter routes.
Property Size3,957 SF
Price / SF$208.49
Days on Market164
Property Features for 1146-1148 Iranistan Avenue
General Information
- Standard status
- Active
- Size
- 3,957 SF
- Property subtype
- Multi-Family / 2 Family
Building Details
- Year Built
- 1910
Listing Agency
Las Americas Real Estate
(475) 298-2010
Listed by
Andrew Cevasco · License #REB.0795868
(475) 298-2010
Source
Compass
Added: Feb 3 Checked: Jul 16 at 8:17 am
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.
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 | $78.3k | $19.80 |
| − Vacancy | −$5.1k | −$1.29 |
| EGI | $73.3k | $18.51 |
| − OpEx | −$22.0k | −$5.55 |
| NOI | $51.3k | $12.96 |
3,957 SF · lease $19.80/SF/yr · vacancy 6.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
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.
