Three-Story Mixed-Use
For Sale
Contact for pricing
1331-1335 E Main Street, Bridgeport, CT 06608
Brick property with commercial space, multifamily apartments, and access to Route 1, Route 8, and Interstate 95.
Property Size10,687 SF
Lot Size0.17 Acres
Price / SF$138.02
Days on Market10
Property Features for 1331-1335 E Main Street
General Information
Standard status
Active
Size
10,687 SF
Lot size
0.17 Acres
Property subtype
Retail, Multifamily, Mixed Use
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
2 x 3BR/1BA, 4 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units
8
Building Details
Buildings
1
Stories
3
Construction
brick
Tenancy
Multi
Listing Agency:
Horvath & Tremblay
Listed By:
Dennis Kelleher · License #MA 9504385
(781) 776-4002
Source:
Crexi
Added: Sep 14
Changed: Sep 20
Last Checked: Sep 22 at 2:00PM
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 Horvath & Tremblay
Investment Insights
Based on property information with market context.
This three-story brick mixed-use building combines two commercial units with eight residential apartments. The residential component includes two 3-bedroom/1-bathroom units, four 2-bedroom/1-bathroom units, and two 1-bedroom/1-bathroom units. The property contains 7,745 square feet of gross living area within 10,687 square feet of gross area.
The improvements sit on a 0.17-acre parcel along East Main Street in Bridgeport, with surface parking spaces available in an adjacent lot at 22 Berkshire Place. Regional access is provided by Route 1, Route 8, and Interstate 95, connecting the property with Bridgeport, Fairfield County, and the broader New York metropolitan area. The surrounding context includes employment centers, neighborhood retail corridors, and residential communities.
The improvements sit on a 0.17-acre parcel along East Main Street in Bridgeport, with surface parking spaces available in an adjacent lot at 22 Berkshire Place. Regional access is provided by Route 1, Route 8, and Interstate 95, connecting the property with Bridgeport, Fairfield County, and the broader New York metropolitan area. The surrounding context includes employment centers, neighborhood retail corridors, and residential communities.
Key Highlights
- Two commercial units and eight residential apartments
- Residential mix includes two 3‑bedroom/1‑bathroom, four 2‑bedroom/1‑bathroom, and two 1‑bedroom/1‑bathroom units
- 7,745 square feet of gross living area within 10,687 square feet of gross area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$128,597
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,571,940
$2.6M
Cap Rate 7%
$1,837,100
$1.8M
Cap Rate 9%
$1,428,856
$1.4M
Market Conditions
NOI Build-Up for 10,687 SF
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.
Gross rent
$192.4K $18.00/SF
− Vacancy
−$8.7K −$0.81/SF
EGI
$183.7K $17.19/SF
− OpEx
−$55.1K −$5.16/SF
NOI
$128.6K $12.03/SF
Area
Bridgeport, CT
Vacancy
4.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,571,940
Cap Rate 7%
$1,837,100
Cap Rate 9%
$1,428,856
Alternative Uses
Best Use
Mixed Use
$2.21M
$1.94M – $2.58M
NOI $154,855 @ 7.0% cap · market cap 10.50%
Second Best
Retail
$1.84M
$1.61M – $2.14M
NOI $128,597 @ 7.0% cap · market cap 8.72%
Theoretical Best
Office A
$3.05M
$2.67M – $3.56M
NOI $213,521 @ 7.0% cap · market cap 14.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
8
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,226
Businesses Nearby
Explore this area
Business Placement
Demographics for 06608, CT
14,312
Population
4,915
Households
2.9
Avg Household Size
33
Median Age
7%
College-Educated
67%
High-School Grad
1.0 sq mi
ZIP Area
14,312
Density / Sq Mi
$43,008
Median Household Income
$30,524
Median Earnings
$1,311
Median Rent
$222,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Brick property with commercial space, multifamily apartments, and access to Route 1, Route 8, and Interstate 95.
Where is this mixed-use property located?
The property is located at 1331-1335 E Main Street Bridgeport, CT.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: Two commercial units and eight residential apartments; Residential mix includes two 3‑bedroom/1‑bathroom, four 2‑bedroom/1‑bathroom, and two 1‑bedroom/1‑bathroom units; 7,745 square feet of gross living area within 10,687 square feet of gross area
