Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    397 Granfield Ave, Unit 3 Bridgeport, CT 06610

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $36,900

    One-bedroom home with new appliances, cash only purchase.

    Building Details

    Year built
    1940

    We can help!

    Listing Contact
    Mike Henetz
    Source: Elliman

    Listing Agent: Mike Henetz

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Affordable One Bedroom Home

    This is an affordable one-bedroom home featuring a kitchen equipped with a new gas range and refrigerator, as well as a stackable washer/dryer and microwave. The property is intended for owner occupancy only. Purchase requires cash payment and demonstration of a gross monthly income near $4,000 and a credit score near 650. There is a $100 non-refundable application fee with an expedited acceptance process. According to Success management, heating issues have been rectified. The Success Village Apartments are currently under Receivership.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bridgeport
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.158213
    Latitude
    41.195966

    Nearby Similar for Sale

    • $750,000
      Pending

      Bridgeport Three-Family Investment Opportunity

      Legal three-family property in Bridgeport's North End with stable rental income.
      31-33-35 Taft Ave, Bridgeport, CT 06606
      View Details
    • New
      $779,900
      2,807 SF

      Updated Two-Family Near Seabright Beach

      Updated two-family property near Seabright Beach, Harbor, and amenities.
      318 Grovers Ave, Bridgeport, CT 06605
      View Details
    • $3,500,000
      69,000 SF

      Mixed-Use Investment Opportunity

      Turnkey investment with diverse tenants and immediate cash flow.
      35-69 Benham Ave, Bridgeport, CT 06605
      View Details
    • $569,000
      2,166 SF

      Bridgeport Two-Family with Updated Unit

      Well-maintained two-family near amenities with updated first-floor unit.
      73 Pixlee Pl, Bridgeport, CT 06610
      View Details
    • $445,000
      2,000 SF

      Turnkey Diner in Treeland Area

      Established diner with loyal customer base and strong brand recognition.
      472 Huntington Rd, Bridgeport, CT 06610
      View Details
    • $885,000
      Pending

      Two-Family Home in Brooklawn

      Spacious Bridgeport two-family home with pool and updated features.
      3430 Park Ave, Bridgeport, CT 06604
      View Details
    • New
      $897,500
      5,052 SF

      Bridgeport Multifamily Investment Opportunity

      Spacious 6-unit property in Bridgeport, Connecticut, priced to sell.
      40 Jane St, Bridgeport, CT 06608
      View Details
    • $475,000
      Pending

      Bridgeport Two-Family Home with Garage

      Two-family home in Bridgeport near Main Street and St. Vincent Hospital.
      25 Manhattan Ave, Bridgeport, CT 06606
      View Details
    • $340,000
      1,920 SF

      Bridgeport Multi-Family Investment Opportunity

      Two-unit property with renovation potential in a convenient location.
      1050 Hancock Ave, Bridgeport, CT 06605
      View Details
    • $184,900
      948 SF

      Medical Office Near St. Vincent's

      Commercial office space near shopping, highways, and parks.
      3715 Main St, Bridgeport, CT 06606
      View Details
    • $1,090,000
      10,860 SF

      Industrial Property with Office and Residence

      Industrial, office, and residential property suitable for various business uses.
      335 Charles St, Bridgeport, CT 06606
      View Details
    • $629,000
      Pending

      Remodeled 3-Family Property in Bridgeport

      Recently remodeled 3-family property with spacious apartments and convenient location.
      205 Smith St, Bridgeport, CT 06607
      View Details

    FAQs

    What type of property is this?
    Apartment building - One-bedroom home with new appliances, cash only purchase.
    Where is this apartment building located?
    The property is located at 397 Granfield Ave, Unit 3 Bridgeport, CT.
    What is the asking price?
    The asking price for this property is $36,900.
    What are key features of this property?
    This property features: - New gas range and refrigerator included; - Stackable washer/dryer and microwave included; - Heating issues have been rectified
    (203) 913-6833
    Request Owner's contact information
    397 Granfield Ave, Unit 3 Bridgeport, CT 06610
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    397 Granfield Ave, Unit 3
    Bridgeport, CT 06610
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    397 Granfield Ave, Unit 3 Bridgeport, CT 06610
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Mike Henetz
    (203) 913-6833
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.