Renovated 3-Unit Residential
23-25 Freeman Street Bridgeport, CT 06607
23-25 Freeman Street, Bridgeport, CT, 06607
$774,900
For Sale
$774,900
Fully renovated three-family home with three-bedroom units, central air, and separately metered utilities.
Property Size3,304 SF
Price / SF$234.53
Days on Market87
Property Features for 23-25 Freeman Street
General Information
- Standard status
- Active
- Size
- 3,304 SF
- Property subtype
- Multi-Family / 3 Family
Building Details
- Year Built
- 1907
Listing agency
Real Broker CT, LLC
(203) 515-1691
Listed by
Karina Avila · License #RES.0805581
(203) 515-1691
Source
Compass
Added: Apr 28 Updated: Jul 22 at 9:28PM Checked: Jul 22 at 9:28PM
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 Real Broker CT, LLC
Investment Insights
Based on property information with market context.
This fully renovated three-family home offers modern interiors and comfortable, versatile layouts. Each unit includes three bedrooms and two full baths, with a private en-suite bathroom in the primary bedroom. Finishes and features include hardwood floors, recessed lighting, central air, and modern kitchens with stainless steel appliances. The second-floor unit also includes a walk-in closet.
The property includes a newly finished shared laundry area with a new washer and dryer, along with additional basement storage. All utilities are separately metered, supporting straightforward operation for occupants or ownership.
With all-new mechanicals and quality upgrades throughout, the building is designed to deliver efficient, move-in-ready living across all three units.
The property includes a newly finished shared laundry area with a new washer and dryer, along with additional basement storage. All utilities are separately metered, supporting straightforward operation for occupants or ownership.
With all-new mechanicals and quality upgrades throughout, the building is designed to deliver efficient, move-in-ready living across all three units.
Key Highlights
- Fully renovated 3‑family home built in 1907 with 14 total rooms
- Each unit offers 3 bedrooms and 2 full baths, including a private en‑suite in the primary bedroom
- Central air and hot air heat, plus modern kitchens with stainless steel appliances
Local 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 | $65.4k | $19.80 |
| − Vacancy | −$4.3k | −$1.29 |
| EGI | $61.2k | $18.51 |
| − OpEx | −$18.4k | −$5.55 |
| NOI | $42.8k | $12.96 |
3,304 SF · lease $19.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$611.7K
$535.2K – $713.6K
NOI $42,817 @ 7.0% cap · market cap 5.53%
Second Best
Apartment 5plus
$555.2K
$485.8K – $647.7K
NOI $38,864 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$943.0K
$825.2K – $1.10M
NOI $66,012 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Fully renovated three-family home with three-bedroom units, central air, and separately metered utilities.
Where is this triplex located?
The property is located at 23-25 Freeman Street Bridgeport, CT.
What is the asking price?
The asking price for this property is $774,900.
What are key features of this property?
This property features: Fully renovated 3‑family home built in 1907 with 14 total rooms; Each unit offers 3 bedrooms and 2 full baths, including a private en‑suite in the primary bedroom; Central air and hot air heat, plus modern kitchens with stainless steel appliances
