Three-Family Residential Income
16 Charron Street Bridgeport, CT 06606
16 Charron Street, Bridgeport, CT, 06606
$950,000
For Sale
$950,000
Well-maintained three-unit property with off-street parking, a two-car garage, porch, patio, and fenced yard.
Property Size2,847 SF
Price / SF$333.68
Days on Market15
Property Features for 16 Charron Street
General Information
- Standard status
- Active
- Size
- 2,847 SF
- Property subtype
- 3 Family
Building Details
- Year Built
- 1916
Listing agency
Rosana Melo Realty
(203) 545-1459
Listed by
Rosania Melo · License #REB.0795867
(203) 545-1459
Source
Lockandkeyre
Added: Jul 8 Updated: Jul 21 at 3:45PM Checked: Jul 22 at 4:56AM
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 Rosana Melo Realty
Investment Insights
Based on property information with market context.
This well-maintained three-family residential income property includes three separate units. Unit 1 offers 6 rooms with 3 bedrooms and 1 full bathroom. Unit 2 offers 6 rooms with 2 bedrooms and 1 full bathroom. Unit 3 offers 4 rooms with 1 bedroom and 1 full bathroom. Interior features include hardwood flooring, and the property includes a welcoming front porch, patio, and a spacious fenced backyard with concrete and grassy areas.
The property includes off-street parking and a two-car garage. Public remarks indicate convenient access to public transportation and a range of everyday services and destinations, including hospitals, pharmacies, grocery stores, restaurants, shopping, schools, parks, and major highways.
Overall, the building is configured as a fully rented three-family setup with dedicated unit layouts and on-site outdoor and parking amenities.
The property includes off-street parking and a two-car garage. Public remarks indicate convenient access to public transportation and a range of everyday services and destinations, including hospitals, pharmacies, grocery stores, restaurants, shopping, schools, parks, and major highways.
Overall, the building is configured as a fully rented three-family setup with dedicated unit layouts and on-site outdoor and parking amenities.
Key Highlights
- 1916‑built fully rented 3‑family property with 3 separate units
- Unit mix: Unit 1 offers 6 rooms/3 bedrooms/1 full bath; Unit 2 offers 6 rooms/2 bedrooms/1 full bath
- Unit 3 offers 4 rooms/1 bedroom/1 full bath
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 | $56.4k | $19.80 |
| − Vacancy | −$3.7k | −$1.29 |
| EGI | $52.7k | $18.51 |
| − OpEx | −$15.8k | −$5.55 |
| NOI | $36.9k | $12.96 |
2,847 SF · lease $19.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$527.1K
$461.2K – $614.9K
NOI $36,895 @ 7.0% cap · market cap 3.88%
Second Best
Apartment 5plus
$478.4K
$418.6K – $558.2K
NOI $33,489 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$812.6K
$711.0K – $948.0K
NOI $56,882 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Bryan Contracting LLC
Hardware & Home Improvement
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FAQs
What type of property is this?
Triplex - Well-maintained three-unit property with off-street parking, a two-car garage, porch, patio, and fenced yard.
Where is this triplex located?
The property is located at 16 Charron Street Bridgeport, CT.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 1916‑built fully rented 3‑family property with 3 separate units; Unit mix: Unit 1 offers 6 rooms/3 bedrooms/1 full bath; Unit 2 offers 6 rooms/2 bedrooms/1 full bath; Unit 3 offers 4 rooms/1 bedroom/1 full bath
