Three-Unit Residential Income
278 Federal Street Bridgeport, CT 06606
278 Federal Street, Bridgeport, CT, 06606
$739,900
For Sale
$739,900
Well-maintained three-unit home with updated roof, vinyl siding, thermopane windows, and hardwood floors.
Property Size3,272 SF
Price / SF$226.13
Days on Market20
Property Features for 278 Federal Street
General Information
- Standard status
- Active
- Size
- 3,272 SF
- Property subtype
- 3 Family
Building Details
- Year Built
- 1909
Listing Agency
RE/MAX Right Choice
(203) 209-3818
Listed by
Basil Amso · License #RES.0777456
(203) 209-3818
Source
Iverty
Added: Jul 1 Updated: Jul 18 at 4:59 am Checked: Jul 20 at 4:02 am
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 RE/MAX Right Choice
Investment Insights
Based on property information with market context.
This well-maintained three-unit residential income property offers large apartments with modern kitchens and modern tiled bathrooms. The home features hardwood floors throughout and gas heat. Exterior improvements include a newer roof, maintenance-free vinyl siding, and thermopane windows. A private yard and ample off-street parking support everyday convenience.
Located in Bridgeport’s North End neighborhood, the property is described as being just minutes from train service, shopping, and major highways.
The layout is suited to multiple tenants within a single building, and the property is presented as being in great shape with noted value-add potential tied to bringing rents up to market rate.
Located in Bridgeport’s North End neighborhood, the property is described as being just minutes from train service, shopping, and major highways.
The layout is suited to multiple tenants within a single building, and the property is presented as being in great shape with noted value-add potential tied to bringing rents up to market rate.
Key Highlights
- Well‑maintained 3‑unit home built in 1909 with updated roof
- Maintenance‑free vinyl siding and thermopane windows
- Hardwood floors throughout and gas 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 | $64.8k | $19.80 |
| − Vacancy | −$4.2k | −$1.29 |
| EGI | $60.6k | $18.51 |
| − OpEx | −$18.2k | −$5.55 |
| NOI | $42.4k | $12.96 |
3,272 SF · lease $19.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$605.7K
$530.0K – $706.7K
NOI $42,402 @ 7.0% cap · market cap 5.73%
Second Best
Apartment 5plus
$549.8K
$481.1K – $641.5K
NOI $38,488 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$933.9K
$817.2K – $1.09M
NOI $65,373 @ 7.0% cap · market cap 8.84%
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 - Well-maintained three-unit home with updated roof, vinyl siding, thermopane windows, and hardwood floors.
Where is this triplex located?
The property is located at 278 Federal Street Bridgeport, CT.
What is the asking price?
The asking price for this property is $739,900.
What are key features of this property?
This property features: Well‑maintained 3‑unit home built in 1909 with updated roof; Maintenance‑free vinyl siding and thermopane windows; Hardwood floors throughout and gas heat
