3-Unit Multifamily
22 Monroe Street Bridgeport, CT 06605
For Sale
$595,000
Three residential units with updated kitchens and baths, a 2-car garage, and mixed oil-and-gas heating, sold as-is.
Property Size3,293 SF
Price / SF$180.69
Days on Market160
Property Features for 22 Monroe Street
General Information
- Standard status
- Active
- Size
- 3,293 SF
- Property subtype
- Multi-Family / 3 Family
Building Details
- Year Built
- 1917
Listing Agency:
Century 21 AllPoints Realty
(203) 209-4989
Listed By:
Stacy M Pfannkuch · License #REB.0758674
(203) 209-4989
Source:
Compass
Added: Feb 13
Changed: Jul 22
Last Checked: Jul 23 at 8:08AM
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 Century 21 AllPoints Realty
Investment Insights
Based on property information with market context.
This 3-unit multi-family residence offers classic details with functional updates. Each apartment features hardwood floors, and the second-floor unit includes stately columns and high ceilings. Living and dining rooms are generously proportioned, and the first and second floors include updated eat-in kitchens. All three units have updated baths. Heating is split by floor: the first and second floors are served by oil heat, while the third-floor unit uses gas.
The property includes a 2-car garage and is located in the Black Rock section of Bridgeport, Connecticut. The home has exterior maintenance needs and select cosmetic updates, with some peeling paint and older heating systems noted. It is being sold as-is.
Exterior work has been partially addressed, with roof and chimney work described as approximately 7 years young, and one oil tank described as a couple years old.
The property includes a 2-car garage and is located in the Black Rock section of Bridgeport, Connecticut. The home has exterior maintenance needs and select cosmetic updates, with some peeling paint and older heating systems noted. It is being sold as-is.
Exterior work has been partially addressed, with roof and chimney work described as approximately 7 years young, and one oil tank described as a couple years old.
Key Highlights
- 3‑unit multi‑family residence with a 2‑car garage in the Black Rock neighborhood
- Updated eat‑in kitchens on the 1st and 2nd floors and updated baths in all 3 apartments
- Mixed heating: 1st and 2nd floors use oil heat; the 3rd floor uses gas
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 | $65.2k | $19.80 |
| − Vacancy | −$4.2k | −$1.29 |
| EGI | $61.0k | $18.51 |
| − OpEx | −$18.3k | −$5.55 |
| NOI | $42.7k | $12.96 |
3,293 SF · lease $19.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$609.6K
$533.4K – $711.2K
NOI $42,674 @ 7.0% cap · market cap 7.17%
Second Best
Apartment 5plus
$553.4K
$484.2K – $645.6K
NOI $38,735 @ 7.0% cap · market cap 6.51%
Theoretical Best
Office A
$939.9K
$822.4K – $1.10M
NOI $65,793 @ 7.0% cap · market cap 11.06%
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 - Three residential units with updated kitchens and baths, a 2-car garage, and mixed oil-and-gas heating, sold as-is.
Where is this triplex located?
The property is located at 22 Monroe Street Bridgeport, CT.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 3‑unit multi‑family residence with a 2‑car garage in the Black Rock neighborhood; Updated eat‑in kitchens on the 1st and 2nd floors and updated baths in all 3 apartments; Mixed heating: 1st and 2nd floors use oil heat; the 3rd floor uses gas
