Multifamily Property with Finished
For Sale
$1,000,000
23-27 Bishop Avenue, Bridgeport, CT 06607
Multi-Family For Sale, Units on different Floors, Bridgeport, CT
Property Size5,274 SF
Lot Size0.11 Acres
Price / SF$189.61
Days on Market107
Property Features for 23-27 Bishop Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
ORS
Bedrooms
16
Bathrooms
5
Full bathrooms
5
Rooms
Basement, Bedroom 6, Bedroom 11, Bedroom 9, Bedroom 16, Bedroom 10, Bedroom 13, Bedroom 1, Bedroom 7, Bedroom 14, Bathroom 4, Bathroom 3, Bedroom 8, Bedroom 2, Bathroom 5, Bedroom 5, Bedroom 4, Bedroom 12, Bedroom 3, Bathroom 2, Bedroom 15, Bathroom 1
Parking
5
Exterior features
Balcony
Basement
Partially Finished, Full
Lot features
Level Lot
Elementary school
Per Board of Ed
High school
Per Board of Ed
Directions
GPS Accesible
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
Listed By:
Alexia Andrade
(203) 383-9986
Added: Jul 8
Changed: Oct 18
Last Checked: Oct 22 at 10:06AM
MLS# 24189853
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.
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Investment Insights
Based on property information with market context.
This 5,274-square-foot multifamily property sits on a 0.11-acre lot and was built in 1913. The building has a finished basement, balcony, updated kitchens and bathrooms, hardwood flooring, and laundry hookups within the units. Baseboard heat serves the property, with public water and sewer connections. The listed zoning designation is ORS.
The property is on Bridgeport’s East Side, with access to I-95, Route 8, and Route 25. Nearby destinations identified include Downtown Bridgeport, Metro-North service, the Bridgeport Ferry, Seaside Park, shopping, schools, healthcare, and public transportation.
The property is on Bridgeport’s East Side, with access to I-95, Route 8, and Route 25. Nearby destinations identified include Downtown Bridgeport, Metro-North service, the Bridgeport Ferry, Seaside Park, shopping, schools, healthcare, and public transportation.
Key Highlights
- 5,274‑square‑foot multifamily property on a 0.11‑acre lot
- Finished basement and balcony
- Updated kitchens and bathrooms, hardwood flooring, and in‑unit laundry hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,037
Cap Rate
6.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,240,740
$1.2M
Cap Rate 7%
$886,243
$886.2K
Cap Rate 9%
$689,300
$689.3K
Market Conditions
NOI Build-Up for 5,274 SF
Gross rent
$119.0K $22.56/SF
− Vacancy
−$6.2K −$1.17/SF
EGI
$112.8K $21.39/SF
− OpEx
−$50.8K −$9.62/SF
NOI
$62.0K $11.76/SF
Area
Bridgeport, CT
Vacancy
5.20%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,240,740
Cap Rate 7%
$886,243
Cap Rate 9%
$689,300
Alternative Uses
Best Use
Apartment 5plus
$886.2K
$775.5K – $1.03M
NOI $62,037 @ 7.0% cap · market cap 6.20%
Second Best
—
—
no second resolved use
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 authorities.
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Open Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,844
Businesses Nearby
Explore this area
Business Placement
Demographics for 06607, CT
8,690
Population
2,696
Households
3.2
Avg Household Size
33
Median Age
7%
College-Educated
75%
High-School Grad
1.2 sq mi
ZIP Area
7,242
Density / Sq Mi
$49,555
Median Household Income
$32,000
Median Earnings
$1,398
Median Rent
$218,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Updated kitchens and bathrooms, hardwood floors, and in-unit laundry hookups are among the building’s residential features.
Where is this multifamily property 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: 5,274‑square‑foot multifamily property on a 0.11‑acre lot; Finished basement and balcony; Updated kitchens and bathrooms, hardwood flooring, and in‑unit laundry hookups
