Mixed-Use Property with Detached
For Sale
$1,000,000
1365 East Main Street, Bridgeport, CT 06608
The property combines residential apartments, a leased storefront, and a detached garage.
Property Size5,909 SF
Days on Market177
Property Features for 1365 East Main Street
General Information
Standard status
Active
Size
5,909 SF
Total Parking Spaces
3
Property subtype
Commercial
Zoning
mx1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$9,755
Building Details
Building Size
5,909 SF
Year Built
1909
Stories
3
Units
5
Tenancy
Multi
Listing Agency:
J & S Realty Services, LLC
(203) 523-0923
Listed By:
Brethela Love
(203) 523-0923
Source:
Westshorerealty
Added: Feb 12
Changed: Aug 3
Last Checked: Aug 8 at 12:08PM
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 J & S Realty Services, LLC
Investment Insights
Based on property information with market context.
Located at 1365 East Main Street in Bridgeport’s East End, this mixed-use property includes three residential apartments, a commercial storefront, and a detached three-car garage. The unit layout comprises two second- or third-floor two-bedroom apartments, one second-floor studio, a retail space, and the separate garage. The storefront is subject to an active lease, while the apartments and garage are currently unoccupied.
The property carries MX1 zoning and was built in 1909. Bus lines, supermarkets, the library, and local restaurants are within walking distance, with access to major highways also noted. Repairs are scheduled for completion before closing, and the property is offered as-is.
The property carries MX1 zoning and was built in 1909. Bus lines, supermarkets, the library, and local restaurants are within walking distance, with access to major highways also noted. Repairs are scheduled for completion before closing, and the property is offered as-is.
Key Highlights
- Three residential apartments, including two two‑bedroom units and one studio
- Commercial storefront with an active lease
- Detached 3‑car garage with leasing potential
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
$85,621
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
8.56%
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%
$1,712,420
$1.7M
Cap Rate 7%
$1,223,157
$1.2M
Cap Rate 9%
$951,344
$951.3K
Market Conditions
NOI Build-Up for 5,909 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
$148.9K $25.20/SF
− Vacancy
−$11.9K −$2.02/SF
EGI
$137.0K $23.18/SF
− OpEx
−$51.4K −$8.69/SF
NOI
$85.6K $14.49/SF
Area
Bridgeport, CT
Vacancy
8.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
37.50%
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%
$1,712,420
Cap Rate 7%
$1,223,157
Cap Rate 9%
$951,344
Alternative Uses
Best Use
Mixed Use
$1.22M
$1.07M – $1.43M
NOI $85,621 @ 7.0% cap · market cap 8.56%
Second Best
Multifamily LT 5
$1.09M
$957.2K – $1.28M
NOI $76,575 @ 7.0% cap · market cap 7.66%
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,059 @ 7.0% cap · market cap 11.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,292
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 - The property combines residential apartments, a leased storefront, and a detached garage.
Where is this mixed-use property located?
The property is located at 1365 East Main Street Bridgeport, CT.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Three residential apartments, including two two‑bedroom units and one studio; Commercial storefront with an active lease; Detached 3‑car garage with leasing potential
