Victorian Triplex with Wraparound
New
For Sale
$700,000
160 Morehouse, Bridgeport, CT 06605
All three apartments are occupied, with current leases extending through April 30, 2027.
Property Size2,097 SF
Price / SF$333.81
Days on Market3
Property Features for 160 Morehouse
General Information
Standard status
Active
Size
2,097 SF
Property subtype
3 Family
Occupancy
100%
Site & Location
Neighborhood
Black Rock
Additional Details
Multifamily Units
3
Tenant in Place
Yes
Amenities
wraparound front porch
front seasonal sunporch
Building Details
Year Built
1898
Buildings
1
Construction
Victorian-style
Tenancy
Multi
Listing Agency:
William Raveis Real Estate
(203) 255-6841
Listed By:
James Millington · License #RES.0754971
(203) 258-1049
Source:
Lockandkeyre
Added: Oct 23
Changed: Oct 24
Last Checked: Oct 24 at 2:55PM
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 William Raveis Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,097-square-foot Victorian-style triplex was built in 1898 and includes a wraparound front porch and views of tidal waters. The first-floor apartment has one bedroom, a living room with a turret seating area, a dining area, and a kitchen with a pantry. On the second floor, the apartment features two bedrooms, a living room with a turret seating area, a seasonal sunporch, and a spacious kitchen. One of its bedrooms is currently used as a family room. Details for the third apartment are not specified.
The property sits at the end of a cul-de-sac in Bridgeport’s Black Rock section, within walking distance of local amenities. All three units are occupied, and current leases run through April 30, 2027.
The property sits at the end of a cul-de-sac in Bridgeport’s Black Rock section, within walking distance of local amenities. All three units are occupied, and current leases run through April 30, 2027.
Key Highlights
- Three‑unit property with all apartments occupied
- 2,097 square feet; built in 1898
- Current leases run through April 30, 2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,175
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$543,500
$543.5K
Cap Rate 7%
$388,214
$388.2K
Cap Rate 9%
$301,944
$301.9K
Market Conditions
NOI Build-Up for 2,097 SF
Gross rent
$41.5K $19.80/SF
− Vacancy
−$2.7K −$1.29/SF
EGI
$38.8K $18.51/SF
− OpEx
−$11.6K −$5.55/SF
NOI
$27.2K $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%
$543,500
Cap Rate 7%
$388,214
Cap Rate 9%
$301,944
Alternative Uses
Best Use
Multifamily LT 5
$388.2K
$339.7K – $452.9K
NOI $27,175 @ 7.0% cap · market cap 3.88%
Second Best
Apartment 5plus
$352.4K
$308.3K – $411.1K
NOI $24,667 @ 7.0% cap · market cap 3.52%
Theoretical Best
Office A
$598.5K
$523.7K – $698.3K
NOI $41,897 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,395
Businesses Nearby
Explore this area
Business Placement
Demographics for 06605, CT
23,867
Population
10,799
Households
2.2
Avg Household Size
35
Median Age
33%
College-Educated
80%
High-School Grad
2.3 sq mi
ZIP Area
10,377
Density / Sq Mi
$59,673
Median Household Income
$40,276
Median Earnings
$1,423
Median Rent
$273,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - All three apartments are occupied, with current leases extending through April 30, 2027.
Where is this triplex located?
The property is located at 160 Morehouse Bridgeport, CT.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Three‑unit property with all apartments occupied; 2,097 square feet; built in 1898; Current leases run through April 30, 2027
