Updated Three-Family Home with
For Sale
$630,000
195 Lenox Ave, Bridgeport, CT 06605
Modern, versatile 3-family home with parking, ideal for investors.
Property Size3,069 SF
Lot Size0.09 Acres
Days on Market319
Property Features for 195 Lenox Ave
General Information
Standard status
Active
Size
3,069 SF
Lot size
0.09 Acres
Property subtype
Multi Family
Building Details
Building Size
3,069 SF
Year Built
1920
Listing Agency:
Guy Bocicaut Real Estate
Listed By:
Iftear Kader · License #RES.0829799
(475) 259-4965
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 8
Last Checked: Aug 8 at 5:42AM
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 Guy Bocicaut Real Estate
Investment Insights
Based on property information with market context.
This is a modern, versatile three-family home suitable for investors and first-time buyers. The property features 6 bedrooms, 3 full bathrooms, and a full basement. The first and second floors each allow for an extra bedroom conversion, potentially maximizing cash flow. The units are updated and well-maintained, offering turn-key living for tenants and comfort for owner-occupants. Secure inside parking is available for up to 4 vehicles, with additional on-street parking. The property is located minutes from I-95, transportation, shopping, and local amenities. It offers both accessibility and strong long-term value. This property is located at 195 Lenox Avenue, Bridgeport, CT 06605.
Key Highlights
- Excellent rental potential, convert floors to add bedrooms.
- Secure inside parking for 4 vehicles, a rare amenity.
- Updated and well‑maintained units, turn‑key living.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,771
Cap Rate
6.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$795,420
$795.4K
Cap Rate 7%
$568,157
$568.2K
Cap Rate 9%
$441,900
$441.9K
Market Conditions
NOI Build-Up for 3,069 SF
Gross rent
$60.8K $19.80/SF
− Vacancy
−$3.9K −$1.29/SF
EGI
$56.8K $18.51/SF
− OpEx
−$17.0K −$5.55/SF
NOI
$39.8K $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%
$795,420
Cap Rate 7%
$568,157
Cap Rate 9%
$441,900
Alternative Uses
Best Use
Multifamily LT 5
$568.2K
$497.1K – $662.9K
NOI $39,771 @ 7.0% cap · market cap 6.31%
Second Best
Apartment 5plus
$515.7K
$451.3K – $601.7K
NOI $36,100 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$876.0K
$766.5K – $1.02M
NOI $61,317 @ 7.0% cap · market cap 9.73%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,126
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
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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?
Multifamily property - Modern, versatile 3-family home with parking, ideal for investors.
Where is this multifamily property located?
The property is located at 195 Lenox Ave Bridgeport, CT.
What is the asking price?
The asking price for this property is $630,000.
What are key features of this property?
This property features: Excellent rental potential, convert floors to add bedrooms.; Secure inside parking for 4 vehicles, a rare amenity.; Updated and well‑maintained units, turn‑key living.
