Three-Family Residential Income
885 Grand St Bridgeport, CT 06604
For Sale
$699,000
Well-maintained three-family home with hardwood floors, updated mechanicals, and a detached three-car garage.
Property Size2,900 SF
Price / SF$241.03
Days on Market79
Property Features for 885 Grand St
General Information
- Standard status
- Active
- Size
- 2,900 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1908
Listing Agency:
(203) 913-3308
Listed By:
Sandy Macauda
(203) 913-3308
Source:
Elliman
Added: May 9
Changed: Jul 23
Last Checked: Jul 25 at 6:40AM
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 Sandy Macauda
Investment Insights
Based on property information with market context.
This three-family home is spacious and well maintained, built in 1908 and offering nearly 2,900 square feet of living space. Interior highlights include gleaming hardwood floors throughout. The first-floor unit features a newly updated kitchen with a brand new stove and microwave. Laundry hookups are available on both the first and second floors, and there is a full basement for additional storage. Recent and ongoing updates include replacement windows, updated mechanical systems, and recently replaced sewer and water lines. Roof and furnaces are approximately 15 years old, and the first-floor hot water heater was replaced in March 2025 with the second-floor hot water heater replaced in 2017.
The property includes a detached three-car garage, providing valuable off-street parking and added utility. The home is conveniently located near shopping, dining, and transportation, with a walk score of 82 and transit score of 45 reported.
Overall, it’s a solid residential income offering suitable for both owner-occupants and investors, backed by multiple major systems and utility updates.
The property includes a detached three-car garage, providing valuable off-street parking and added utility. The home is conveniently located near shopping, dining, and transportation, with a walk score of 82 and transit score of 45 reported.
Overall, it’s a solid residential income offering suitable for both owner-occupants and investors, backed by multiple major systems and utility updates.
Key Highlights
- Three‑family home built in 1908 with nearly 2,900 sq ft of living space
- Gleaming hardwood floors throughout
- First‑floor unit includes a newly updated kitchen with brand new stove and microwave
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 | $57.4k | $19.80 |
| − Vacancy | −$3.7k | −$1.29 |
| EGI | $53.7k | $18.51 |
| − OpEx | −$16.1k | −$5.55 |
| NOI | $37.6k | $12.96 |
2,900 SF · lease $19.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$536.9K
$469.8K – $626.4K
NOI $37,581 @ 7.0% cap · market cap 5.38%
Second Best
Apartment 5plus
$487.3K
$426.4K – $568.5K
NOI $34,112 @ 7.0% cap · market cap 4.88%
Theoretical Best
Office A
$827.7K
$724.3K – $965.7K
NOI $57,941 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Genie's Sfihas and Sweets
Restaurant
FAQs
What type of property is this?
Triplex - Well-maintained three-family home with hardwood floors, updated mechanicals, and a detached three-car garage.
Where is this triplex located?
The property is located at 885 Grand St Bridgeport, CT.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Three‑family home built in 1908 with nearly 2,900 sq ft of living space; Gleaming hardwood floors throughout; First‑floor unit includes a newly updated kitchen with brand new stove and microwave
