Renovated 15-Unit Apartment
For Sale
$2,899,999
1795 North Ave, Bridgeport, CT 06604
Brick construction and separately metered utilities support a streamlined multifamily operating profile.
Property Size9,590 SF
Price / SF$302.40
Days on Market97
Property Features for 1795 North Ave
General Information
Standard status
Active
Size
9,590 SF
Property subtype
Multi-Family
Additional Details
Public Transit
Yes
Multifamily Units
15
Building Details
Year Built
1968
Construction
brick
Listing Agency:
Baldwin Pearson & Co., Inc
Listed By:
Daniel Shawah · License #RES.0829215
(203) 335-5117
Source:
Homesbyshoshana
Added: Jul 9
Changed: Sep 15
Last Checked: Oct 7 at 12:54PM
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 Baldwin Pearson & Co., Inc
Investment Insights
Based on property information with market context.
This multifamily property at 1795 North Avenue contains 15 residential units within a brick apartment building constructed in 1968. The apartments have undergone extensive renovations, providing updated interiors across the residential component. Separate utility metering for every unit gives ownership a clearly defined utility structure and reduces exposure to building-wide utility costs.
The property is positioned along North Avenue in Bridgeport, CT, with access to major transportation routes, employment centers, shopping, and public transit. The asset is zoned RB and is presented as a for-sale apartment building.
The property is positioned along North Avenue in Bridgeport, CT, with access to major transportation routes, employment centers, shopping, and public transit. The asset is zoned RB and is presented as a for-sale apartment building.
Key Highlights
- 15 residential units with full renovations
- Brick apartment building constructed in 1968
- Separate utility meters for every unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,805
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,256,100
$2.3M
Cap Rate 7%
$1,611,500
$1.6M
Cap Rate 9%
$1,253,389
$1.3M
Market Conditions
NOI Build-Up for 9,590 SF
Gross rent
$216.4K $22.56/SF
− Vacancy
−$11.3K −$1.17/SF
EGI
$205.1K $21.39/SF
− OpEx
−$92.3K −$9.62/SF
NOI
$112.8K $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%
$2,256,100
Cap Rate 7%
$1,611,500
Cap Rate 9%
$1,253,389
Alternative Uses
Best Use
Apartment 5plus
$1.61M
$1.41M – $1.88M
NOI $112,805 @ 7.0% cap · market cap 3.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.74M
$2.40M – $3.19M
NOI $191,604 @ 7.0% cap · market cap 6.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
15
Residential units
Location Intelligence
Trade Area within ½ mile
1,477
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Brick construction and separately metered utilities support a streamlined multifamily operating profile.
Where is this apartment building located?
The property is located at 1795 North Ave Bridgeport, CT.
What is the asking price?
The asking price for this property is $2,899,999.
What are key features of this property?
This property features: 15 residential units with full renovations; Brick apartment building constructed in 1968; Separate utility meters for every unit
