Oversized Quadplex With Three-Bedroom
For Sale
$699,000
1525 Park Ave, Bridgeport, CT 06604
1907 multifamily property with separate floor layouts and additional units for flexible occupancy.
Property Size4,015 SF
Price / SF$174.10
Days on Market84
Property Features for 1525 Park Ave
General Information
Standard status
Active
Size
4,015 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
4
Building Details
Year Built
1907
Listing Agency:
Exit Realty Private Client
(413) 717-0635
Listed By:
Belda Tabora
Source:
Homesbyshoshana
Added: Jun 9
Changed: Aug 29
Last Checked: Aug 31 at 6:46PM
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 Exit Realty Private Client
Investment Insights
Based on property information with market context.
Built in 1907, this 4,015-square-foot quadplex includes two three-bedroom units, with each occupying its own floor, along with two additional units. The property offers multiple residential layouts within an oversized multifamily configuration.
Situated at 1525 Park Avenue in Bridgeport, the property is positioned along a residential corridor described as offering access to shopping, transportation, schools, and major highways. Its four-unit arrangement and varied floor plans provide a combination of larger apartments and additional residential space.
Situated at 1525 Park Avenue in Bridgeport, the property is positioned along a residential corridor described as offering access to shopping, transportation, schools, and major highways. Its four-unit arrangement and varied floor plans provide a combination of larger apartments and additional residential space.
Key Highlights
- 4,015‑square‑foot quadplex at 1525 Park Avenue
- Two three‑bedroom units, each occupying its own floor
- Two additional units included in the property configuration
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
$52,031
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
7.44%
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%
$1,040,620
$1.0M
Cap Rate 7%
$743,300
$743.3K
Cap Rate 9%
$578,122
$578.1K
Market Conditions
NOI Build-Up for 4,015 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
$79.5K $19.80/SF
− Vacancy
−$5.2K −$1.29/SF
EGI
$74.3K $18.51/SF
− OpEx
−$22.3K −$5.55/SF
NOI
$52.0K $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 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%
$1,040,620
Cap Rate 7%
$743,300
Cap Rate 9%
$578,122
Alternative Uses
Best Use
Multifamily LT 5
$743.3K
$650.4K – $867.2K
NOI $52,031 @ 7.0% cap · market cap 7.44%
Second Best
Apartment 5plus
$674.7K
$590.4K – $787.1K
NOI $47,228 @ 7.0% cap · market cap 6.76%
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,218 @ 7.0% cap · market cap 11.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,990
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - 1907 multifamily property with separate floor layouts and additional units for flexible occupancy.
Where is this quadplex located?
The property is located at 1525 Park Ave 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: 4,015‑square‑foot quadplex at 1525 Park Avenue; Two three‑bedroom units, each occupying its own floor; Two additional units included in the property configuration
