Triplex with Garage and Fenced
139 Lee Avenue, Bridgeport, CT 06605
For Sale
$634,500
Three legal residences include a partly finished lower level, covered patio, and private outdoor space.
Property Size4,000 SF
Days on Market50
Property Features for 139 Lee Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Highway Access
Public Transit
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
part finished lower level
private fenced yard
garage
covered patio
Building Details
Building Size
Year Built
Listing Agency:
William Raveis Real Estate
Listed By:
John Hackett · License CT REB.0750283
(203) 543-2697
Source:
Higginsgroup
Added: Sep 24
Changed: Nov 6
Last Checked: Nov 10 at 2:15PM
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 William Raveis Real Estate
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Investment Insights
Based on property information with market context.
This 4,000-square-foot triplex, built in 1899, is configured as a legal three-family property. The building includes a partly finished lower level, a private fenced yard, a two-car garage, and a covered patio.
The property is at 139 Lee Avenue in Bridgeport, near Seaside Park, other parks and recreation, shopping, dining, and restaurants. Access to downtown, bus service, Metro-North, I-95, Route 25/8, and the Merritt Parkway is noted.
The property is at 139 Lee Avenue in Bridgeport, near Seaside Park, other parks and recreation, shopping, dining, and restaurants. Access to downtown, bus service, Metro-North, I-95, Route 25/8, and the Merritt Parkway is noted.
Key Highlights
- Legal three‑family property
- 4,000 square feet; built in 1899
- Partly finished lower level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,836
Cap Rate
8.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,036,720
$1.0M
Cap Rate 7%
$740,514
$740.5K
Cap Rate 9%
$575,956
$576.0K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$79.2K $19.80/SF
− Vacancy
−$5.1K −$1.29/SF
EGI
$74.1K $18.51/SF
− OpEx
−$22.2K −$5.55/SF
NOI
$51.8K $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%
$1,036,720
Cap Rate 7%
$740,514
Cap Rate 9%
$575,956
Alternative Uses
Best Use
Multifamily LT 5
$740.5K
$648.0K – $863.9K
NOI $51,836 @ 7.0% cap · market cap 8.17%
Second Best
Apartment 5plus
$672.2K
$588.1K – $784.2K
NOI $47,051 @ 7.0% cap · market cap 7.42%
Theoretical Best
Office A
$1.14M
$999.0K – $1.33M
NOI $79,918 @ 7.0% cap · market cap 12.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,302
Businesses Nearby
Explore this area
Business Placement
Demographics for 06605, CT
23,867
Population
10,799
Households
2.2
Avg Household Size
35
Median Age
33%
College-Educated
80%
High-School Grad
2.3 sq mi
ZIP Area
10,377
Density / Sq Mi
$59,673
Median Household Income
$40,276
Median Earnings
$1,423
Median Rent
$273,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Bridgeport, CT
Properties on Market for Triplexes in Bridgeport
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three legal residences include a partly finished lower level, covered patio, and private outdoor space.
Where is this triplex located?
The property is located at 139 Lee Avenue Bridgeport, CT.
What is the asking price?
The asking price for this property is $634,500.
What are key features of this property?
This property features: Legal three‑family property; 4,000 square feet; built in 1899; Partly finished lower level
