Six-Unit Apartment
New
For Sale
$989,000
249-51 Black Rock Avenue, Bridgeport, CT 06605
Six separate residences each include a bedroom, bathroom, stove, refrigerator, and individual utilities.
Property Size4,440 SF
Days on Market2
Property Features for 249-51 Black Rock Avenue
General Information
Standard status
Active
Size
4,440 SF
Property subtype
COMMERCIAL
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
6 x 1BR/1BA
Multifamily Units
6
Additional Details
Gross Income
$83,100
Taxes and HOA fees
Annual Taxes
$12,917
Building Details
Building Size
4,440 SF
Year Built
1886
Listing Agency:
Berkshire Hathaway NE Prop.
Listed By:
John Kleps
(203) 255-2800
Source:
Higginsgroup
Added: Oct 16
Last Checked: Oct 16 at 1:47PM
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 Berkshire Hathaway NE Prop.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This six-unit apartment building dates to 1886. Each residence has three rooms, one bedroom, and one bathroom, along with a stove and refrigerator. The units are in similar condition and have separate utilities. One apartment, identified as 3L, is vacant for showings.
The property is at 249-51 Black Rock Avenue in Bridgeport, within walking distance of Seaside Park and downtown. Train stations, I-95, and shopping are also described as minutes away.
The property is at 249-51 Black Rock Avenue in Bridgeport, within walking distance of Seaside Park and downtown. Train stations, I-95, and shopping are also described as minutes away.
Key Highlights
- Six apartments, each with 3 rooms, 1 bedroom, and 1 bathroom
- Individual utilities, stove, and refrigerator in every unit
- Built in 1886
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,227
Cap Rate
5.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,044,540
$1.0M
Cap Rate 7%
$746,100
$746.1K
Cap Rate 9%
$580,300
$580.3K
Market Conditions
NOI Build-Up for 4,440 SF
Gross rent
$100.2K $22.56/SF
− Vacancy
−$5.2K −$1.17/SF
EGI
$95.0K $21.39/SF
− OpEx
−$42.7K −$9.62/SF
NOI
$52.2K $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%
$1,044,540
Cap Rate 7%
$746,100
Cap Rate 9%
$580,300
Alternative Uses
Best Use
Apartment 5plus
$746.1K
$652.8K – $870.5K
NOI $52,227 @ 7.0% cap · market cap 5.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,709 @ 7.0% cap · market cap 8.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
6
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,854
Businesses Nearby
Explore this area
Business Placement
Demographics for 06605, CT
23,867
Population
10,799
Households
2.2
Avg Household Size
35
Median Age
33%
College-Educated
80%
High-School Grad
2.3 sq mi
ZIP Area
10,377
Density / Sq Mi
$59,673
Median Household Income
$40,276
Median Earnings
$1,423
Median Rent
$273,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Six separate residences each include a bedroom, bathroom, stove, refrigerator, and individual utilities.
Where is this apartment building located?
The property is located at 249-51 Black Rock Avenue Bridgeport, CT.
What is the asking price?
The asking price for this property is $989,000.
What are key features of this property?
This property features: Six apartments, each with 3 rooms, 1 bedroom, and 1 bathroom; Individual utilities, stove, and refrigerator in every unit; Built in 1886
