Four-Bedroom Multifamily Income
23-27 Bishop Avenue Bridgeport, CT 06607
23-27 Bishop Avenue, Bridgeport, CT, 06607
$1,000,000
For Sale
$1,000,000
MULTI_FAMILY - Bridgeport, CT
Property Size5,274 SF
Lot Size0.11 Acres
Price / SF$189.61
Days on Market13
Property Features for 23-27 Bishop Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- ORS
- Bedrooms
- 16
- Bathrooms
- 5
- Rooms
- Bedroom 12, Basement, Bedroom 1, Bedroom 16, Bedroom 3, Bathroom 3, Bedroom 4, Bedroom 10, Bedroom 14, Bedroom 13, Bedroom 15, Bathroom 5, Bedroom 9, Bedroom 6, Bathroom 1, Bedroom 11, Bedroom 7, Bathroom 4, Bedroom 8, Bathroom 2, Bedroom 5, Bedroom 2
- Parking
- 5
- Exterior features
- Balcony
- Basement
- Partially Finished, Full
- Standard status
- Active
- Size
- 5,274 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 11932
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard
- Water source
- Public
Building Details
- Year built
- 1913
- Architectural style
- Other
Listing Agency
US Asset Realty
(800) 913-1936
611 Access Road, Stratford, CT
Listed by
Alexia Andrade · License #RES.0815052
(203) 383-9986
Added: Jul 8 Updated: Jul 20 at 12:06 am Checked: Jul 20 at 3:06 pm
MLS# 24189853
Listing URL
Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained multifamily property is configured with three units, and each unit features four bedrooms and one full bathroom. Updates include updated kitchens and updated bathrooms, along with hardwood flooring throughout. In-unit laundry hookups are included for added convenience. The home also has a finished basement that may provide flexible additional living space, subject to buyer due diligence.
The property is located at 23-27 Bishop Avenue in Bridgeport, Connecticut, on the East Side. Access is described as convenient to I-95, Route 8, and Route 25, with residents reportedly minutes from Downtown Bridgeport, the Metro-North train station, the Bridgeport Ferry, Seaside Park, shopping centers, grocery stores, restaurants, schools, healthcare facilities, and public transportation.
The listing reports current gross monthly rental income of over $10,750. Buyer should perform due diligence regarding the basement and all related use considerations.
The property is located at 23-27 Bishop Avenue in Bridgeport, Connecticut, on the East Side. Access is described as convenient to I-95, Route 8, and Route 25, with residents reportedly minutes from Downtown Bridgeport, the Metro-North train station, the Bridgeport Ferry, Seaside Park, shopping centers, grocery stores, restaurants, schools, healthcare facilities, and public transportation.
The listing reports current gross monthly rental income of over $10,750. Buyer should perform due diligence regarding the basement and all related use considerations.
Key Highlights
- Multifamily property built in 1913 with balcony exterior feature
- Public water and public sewer service
- Baseboard heating
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 | $104.4k | $19.80 |
| − Vacancy | −$6.8k | −$1.29 |
| EGI | $97.6k | $18.51 |
| − OpEx | −$29.3k | −$5.55 |
| NOI | $68.3k | $12.96 |
5,274 SF · lease $19.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$976.4K
$854.3K – $1.14M
NOI $68,346 @ 7.0% cap · market cap 6.83%
Second Best
Apartment 5plus
$886.2K
$775.5K – $1.03M
NOI $62,037 @ 7.0% cap · market cap 6.20%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,372 @ 7.0% cap · market cap 10.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Well-maintained multifamily property with three units, each offering four bedrooms, updated kitchens and bathrooms, and in-unit laundry hookups.
Where is this triplex located?
The property is located at 23-27 Bishop Avenue Bridgeport, CT.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Multifamily property built in 1913 with balcony exterior feature; Public water and public sewer service; Baseboard heating
