Brick Triplex with Walk-Up
New
For Sale
$489,500
1282 Park Ave, Bridgeport, CT 06604
The residence includes four fireplaces, a partial basement, and attic access from a walk-up staircase.
Property Size2,714 SF
Price / SF$180.36
Days on Market5
Property Features for 1282 Park Ave
General Information
Standard status
Active
Size
2,714 SF
Property subtype
Multi-Family
Additional Details
Public Transit
Yes
Multifamily Units
3
Building Details
Year Built
1878
Buildings
1
Construction
brick
Listing Agency:
Silver and Oak Realty
Listed By:
Jonathan D. Gineo (860) 372-4666 (860) 372-4666 · License #REB.0790286
(860) 552-9286
Source:
Centralconnecticuthomefinder
Added: Oct 18
Changed: Oct 21
Last Checked: Oct 20 at 9:01PM
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 Silver and Oak Realty
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Investment Insights
Based on property information with market context.
At 1282 Park Ave in Bridgeport, this brick triplex was built in 1878. The 2,714-square-foot property contains 6 bedrooms and 4 full bathrooms, along with four fireplaces, a partial basement, and a walk-up attic.
The property is occupied, and interior showings are not permitted. It is offered as-is, without contingencies or inspections; the buyer is responsible for obtaining possession after closing.
The property is occupied, and interior showings are not permitted. It is offered as-is, without contingencies or inspections; the buyer is responsible for obtaining possession after closing.
Key Highlights
- Three‑unit brick property with 2,714 square feet
- 6 bedrooms and 4 full bathrooms
- Four fireplaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,171
Cap Rate
7.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$703,420
$703.4K
Cap Rate 7%
$502,443
$502.4K
Cap Rate 9%
$390,789
$390.8K
Market Conditions
NOI Build-Up for 2,714 SF
Gross rent
$53.7K $19.80/SF
− Vacancy
−$3.5K −$1.29/SF
EGI
$50.2K $18.51/SF
− OpEx
−$15.1K −$5.55/SF
NOI
$35.2K $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%
$703,420
Cap Rate 7%
$502,443
Cap Rate 9%
$390,789
Alternative Uses
Best Use
Multifamily LT 5
$502.4K
$439.6K – $586.2K
NOI $35,171 @ 7.0% cap · market cap 7.19%
Second Best
Apartment 5plus
$456.1K
$399.1K – $532.1K
NOI $31,924 @ 7.0% cap · market cap 6.52%
Theoretical Best
Office A
$774.6K
$677.8K – $903.7K
NOI $54,224 @ 7.0% cap · market cap 11.08%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,457
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - The residence includes four fireplaces, a partial basement, and attic access from a walk-up staircase.
Where is this triplex located?
The property is located at 1282 Park Ave Bridgeport, CT.
What is the asking price?
The asking price for this property is $489,500.
What are key features of this property?
This property features: Three‑unit brick property with 2,714 square feet; 6 bedrooms and 4 full bathrooms; Four fireplaces
