Three-Unit Multifamily
1880 Stratford Avenue Bridgeport, CT 06607
For Sale
$689,900
Well-maintained three-family residence with three occupied 3-bedroom, 1-bath units and separate servicing.
Property Size3,595 SF
Price / SF$191.91
Days on Market63
Property Features for 1880 Stratford Avenue
General Information
- Standard status
- Active
- Size
- 3,595 SF
- Property subtype
- Multi-Family / 3 Family
Building Details
- Year Built
- 1915
Listing Agency:
William Raveis Real Estate
(203) 509-0390
Listed By:
Ana Pena · License #RES.0771917
(203) 509-0390
Source:
Compass
Added: May 22
Changed: Jul 22
Last Checked: Jul 23 at 10:44AM
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
Investment Insights
Based on property information with market context.
1880 Stratford Avenue is a spacious, well-maintained three-family investment property with three fully occupied units. Each unit offers 3 bedrooms and 1 full bathroom, providing a functional, repeatable layout across the building. The property is described as exceptionally cared for and in excellent condition, with solid mechanicals.
The information provided notes that each unit is separately serviced with its own gas furnace and water heater, along with a separate house meter for common areas. The building also benefits from a convenient Bridgeport setting, with proximity to shopping, schools, public transportation, and major highways.
This multifamily property is presented as a turnkey option for investors and also as suitable for an owner-occupant seeking rental income to offset living expenses.
The information provided notes that each unit is separately serviced with its own gas furnace and water heater, along with a separate house meter for common areas. The building also benefits from a convenient Bridgeport setting, with proximity to shopping, schools, public transportation, and major highways.
This multifamily property is presented as a turnkey option for investors and also as suitable for an owner-occupant seeking rental income to offset living expenses.
Key Highlights
- Three‑family investment property built in 1915, with 3 fully occupied units.
- Each unit offers 3 bedrooms and 1 full bathroom.
- Each unit has its own gas furnace and water heater.
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 | $71.2k | $19.80 |
| − Vacancy | −$4.6k | −$1.29 |
| EGI | $66.6k | $18.51 |
| − OpEx | −$20.0k | −$5.55 |
| NOI | $46.6k | $12.96 |
3,595 SF · lease $19.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$665.5K
$582.4K – $776.5K
NOI $46,588 @ 7.0% cap · market cap 6.75%
Second Best
Apartment 5plus
$604.1K
$528.6K – $704.8K
NOI $42,287 @ 7.0% cap · market cap 6.13%
Theoretical Best
Office A
$1.03M
$897.8K – $1.20M
NOI $71,826 @ 7.0% cap · market cap 10.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Well-maintained three-family residence with three occupied 3-bedroom, 1-bath units and separate servicing.
Where is this triplex located?
The property is located at 1880 Stratford Avenue Bridgeport, CT.
What is the asking price?
The asking price for this property is $689,900.
What are key features of this property?
This property features: Three‑family investment property built in 1915, with 3 fully occupied units.; Each unit offers 3 bedrooms and 1 full bathroom.; Each unit has its own gas furnace and water heater.
