Triplex with Separate Utility
For Sale
$725,000
1535 Park Avenue, Bridgeport, CT 06604
Multi-Family For Sale, Units on different Floors, Bridgeport, CT
Property Size5,190 SF
Lot Size0.10 Acres
Price / SF$139.69
Days on Market10
Property Features for 1535 Park Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RB
Bedrooms
9
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 3, Bedroom 3, Basement, Bedroom 7, Bedroom 2, Bedroom 5, Bedroom 8, Bathroom 1, Bedroom 9, Bedroom 1, Bedroom 4, Bedroom 6
Basement
Full
Elementary school
Per Board of Ed
High school
Per Board of Ed
Directions
GPS 1535 Park Ave Bridgeport
Subdivision
West End
Standard status
Active
Size
5,190 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7796
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Water source
Public
Building Details
Year built
1907
Architectural style
Other
Listing Agency:
RE/MAX Heritage · RE/MAX International
(203) 254-7555
Listed By:
Dez Slezak · License #REB.0794648
(203) 344-7685
Added: Oct 9
Changed: Oct 18
Last Checked: Oct 18 at 7:06AM
MLS# 24212776
Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This three-unit residential property at 1535 Park Avenue contains 5,190 square feet across three full stories. Its nine bedrooms and three full bathrooms are arranged across the floors, and separate utility systems serve the units. The property also has hot water heating, public water and public sewer, and RB zoning. Built in 1907, it occupies a 0.1-acre lot.
The property is in Bridgeport, near Seaside Park, the University of Bridgeport, and dining and cultural destinations in the West End and downtown. Metro North rail service, bus lines, and I-95 are also accessible nearby.
The property is in Bridgeport, near Seaside Park, the University of Bridgeport, and dining and cultural destinations in the West End and downtown. Metro North rail service, bus lines, and I-95 are also accessible nearby.
Key Highlights
- Three residential units distributed across three full stories
- 5,190 square feet with 9 bedrooms and 3 full bathrooms
- Separate utility systems serve the units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,049
Cap Rate
8.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,220,980
$1.2M
Cap Rate 7%
$872,129
$872.1K
Cap Rate 9%
$678,322
$678.3K
Market Conditions
NOI Build-Up for 5,190 SF
Gross rent
$117.1K $22.56/SF
− Vacancy
−$6.1K −$1.17/SF
EGI
$111.0K $21.39/SF
− OpEx
−$49.9K −$9.62/SF
NOI
$61.0K $11.76/SF
Area
Bridgeport, CT
Vacancy
5.20%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,220,980
Cap Rate 7%
$872,129
Cap Rate 9%
$678,322
Alternative Uses
Best Use
Multifamily LT 5
$960.8K
$840.7K – $1.12M
NOI $67,258 @ 7.0% cap · market cap 9.28%
Second Best
Apartment 5plus
$872.1K
$763.1K – $1.02M
NOI $61,049 @ 7.0% cap · market cap 8.42%
Theoretical Best
Office A
$1.48M
$1.30M – $1.73M
NOI $103,694 @ 7.0% cap · market cap 14.30%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units span separate floors, with individual utility systems and a nine-bedroom layout.
Where is this triplex located?
The property is located at 1535 Park Avenue Bridgeport, CT.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Three residential units distributed across three full stories; 5,190 square feet with 9 bedrooms and 3 full bathrooms; Separate utility systems serve the units
