Residential Income
23-25 Morgan Avenue Bridgeport, CT 06606
23-25 Morgan Avenue, Bridgeport, CT, 06606
$644,900
For Sale
$644,900
Triplex property available for sale with a convenient location near shopping and schools.
Property Size2,582 SF
Price / SF$249.77
Days on Market137
Property Features for 23-25 Morgan Avenue
General Information
- Standard status
- Active
- Size
- 2,582 SF
- Property subtype
- Multi-Family / 3 Family
Building Details
- Year Built
- 1910
Listing agency
William Raveis Real Estate
(203) 876-7507
Listed by
Mitchell Stevenson · License #REB.0751342
(203) 876-7507
Source
Compass
Added: Mar 6 Updated: Jul 21 at 12:03AM Checked: Jul 21 at 6:59AM
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.
This residential income triplex offers a multi-unit setup in a for-sale package. The property is presented as an opportunity for buyers seeking to offset living costs versus renting, while also providing rental income potential.
The address is 23-25 Morgan Avenue in Bridgeport, Connecticut. The public remarks note the location is convenient to shopping centers, restaurants, Boys and Girls clubs, and Central High School.
With the existing triplex configuration, the property is suited for buyers looking for residential income housing within a nearby retail and education area.
The address is 23-25 Morgan Avenue in Bridgeport, Connecticut. The public remarks note the location is convenient to shopping centers, restaurants, Boys and Girls clubs, and Central High School.
With the existing triplex configuration, the property is suited for buyers looking for residential income housing within a nearby retail and education area.
Key Highlights
- Triplex property for sale with a convenient location near shopping centers, restaurants, and Central High School
- Built in 1910
- Interior features include baseboard heat
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 | $51.1k | $19.80 |
| − Vacancy | −$3.3k | −$1.29 |
| EGI | $47.8k | $18.51 |
| − OpEx | −$14.3k | −$5.55 |
| NOI | $33.5k | $12.96 |
2,582 SF · lease $19.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$478.0K
$418.3K – $557.7K
NOI $33,460 @ 7.0% cap · market cap 5.19%
Second Best
Apartment 5plus
$433.9K
$379.7K – $506.2K
NOI $30,372 @ 7.0% cap · market cap 4.71%
Theoretical Best
Office A
$737.0K
$644.8K – $859.8K
NOI $51,587 @ 7.0% cap · market cap 8.00%
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 - Triplex property available for sale with a convenient location near shopping and schools.
Where is this triplex located?
The property is located at 23-25 Morgan Avenue Bridgeport, CT.
What is the asking price?
The asking price for this property is $644,900.
What are key features of this property?
This property features: Triplex property for sale with a convenient location near shopping centers, restaurants, and Central High School; Built in 1910; Interior features include baseboard heat
