Bridgeport Four-Family
157-163 Sage Avenue Bridgeport, CT 06610
157-163 Sage Avenue, Bridgeport, CT, 06610
$739,900
Pending
For Sale
$739,900
Pending
Four-family property in Bridgeport with updated features and convenient location.
Property Size4,288 SF
Lot Size0.11 Acres
Days on Market99
Property Features for 157-163 Sage Avenue
General Information
- Standard status
- Pending
- Size
- 4,288 SF
- Lot size
- 0.11 Acres
- Property subtype
- 4 Family
Building Details
- Year Built
- 1919
Listing agency
RE/MAX Right Choice
(203) 209-8111
Listed by
Paul Ferreira · License #RES.0756087
(203) 209-8111
Source
Lockandkeyre
Added: Apr 15 Updated: Jul 10 at 1:13PM Checked: Jul 21 at 3:29AM
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 RE/MAX Right Choice
Investment Insights
Based on property information with market context.
This four-family property features a total of 20 rooms, including 8 bedrooms and 3 bathrooms. The building offers 4,288 square feet of living space within a total of 6,946 square feet, which includes a 1,664 square foot basement suitable for storage. The property is situated on a 5,000 square foot lot, equivalent to 0.11 acres. One unit will be available for owner occupancy starting May 1, 2026. Recent updates include a rear deck completed in 2025 at a cost of $44,000, hot water tank replacements between 2016 and 2020 costing $1,800 each, furnace replacements between 2014 and 2020, and an architectural shingle roof installed in 2017 with a 35-year lifespan. The property is located within a short drive of various amenities, including major shopping centers (0.9 miles), Starbucks, Dunkin' Donuts, restaurants, the Merritt Parkway (6.75 miles), Stratford train station (3.9 miles), I-95 North and South ramps (4.8 miles), Bridgeport Yale hospital (1.9 miles), and Short Beach (5.2 miles).
Key Highlights
- One unit available for owner occupancy starting May 1, 2026.
- Spacious 4,288 sq ft of living space with a 1,664 sq ft basement.
- Four‑family property with 8 bedrooms and 3 bathrooms.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $84.9k | $19.80 |
| − Vacancy | −$5.5k | −$1.29 |
| EGI | $79.4k | $18.51 |
| − OpEx | −$23.8k | −$5.55 |
| NOI | $55.6k | $12.96 |
4,288 SF · lease $19.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$793.8K
$694.6K – $926.2K
NOI $55,569 @ 7.0% cap · market cap 7.51%
Second Best
Apartment 5plus
$720.6K
$630.5K – $840.7K
NOI $50,439 @ 7.0% cap · market cap 6.82%
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,672 @ 7.0% cap · market cap 11.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-family property in Bridgeport with updated features and convenient location.
Where is this quadplex located?
The property is located at 157-163 Sage Avenue Bridgeport, CT.
What is the asking price?
The asking price for this property is $739,900.
What are key features of this property?
This property features: One unit available for owner occupancy starting May 1, 2026.; **Spacious 4,288 sq ft of living space** with a 1,664 sq ft basement.; Four‑family property with 8 bedrooms and 3 bathrooms.
