Three-Family Residential Income
For Sale
$950,000
16 Charron St, Bridgeport, CT 06606
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 Market95
Property Features for 16 Charron St
General Information
Standard status
Active
Size
2,847 SF
Property subtype
Multi-Family
Building Details
Year Built
1916
Listing Agency:
Rosana Melo Realty
Listed By:
Rosania Melo · License #REB.0795867
(203) 545-1459
Source:
Homesbyshoshana
Added: Jul 20
Changed: Oct 15
Last Checked: Oct 7 at 4:51PM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,895
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$737,900
$737.9K
Cap Rate 7%
$527,071
$527.1K
Cap Rate 9%
$409,944
$409.9K
Market Conditions
NOI Build-Up for 2,847 SF
Gross rent
$56.4K $19.80/SF
− Vacancy
−$3.7K −$1.29/SF
EGI
$52.7K $18.51/SF
− OpEx
−$15.8K −$5.55/SF
NOI
$36.9K $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%
$737,900
Cap Rate 7%
$527,071
Cap Rate 9%
$409,944
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 authorities.
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Location Intelligence
Trade Area within ½ mile
933
Businesses Nearby
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Business Placement
Demographics for 06606, CT
48,427
Population
19,002
Households
2.5
Avg Household Size
36
Median Age
23%
College-Educated
82%
High-School Grad
5.3 sq mi
ZIP Area
9,137
Density / Sq Mi
$68,538
Median Household Income
$35,128
Median Earnings
$1,434
Median Rent
$272,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
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 St 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
