Three-Unit Residential Income
For Sale
$739,900
Pending
278 Federal, Bridgeport, CT 06606
Well-maintained three-unit home with updated roof, vinyl siding, thermopane windows, and hardwood floors.
Property Size1,909 SF
Days on Market114
Property Features for 278 Federal
General Information
Standard status
Pending
Size
1,909 SF
Property subtype
3 Family
Lease Term
Listing ID: 24188502, Standard Status: Active Under Contract, MLS Status: Under Contract - Continue to Show, Property Subtype: 3 Family, 111 days on market
Additional Details
Highway Access
Yes
Multifamily Units
3
Building Details
Building Size
1,909 SF
Year Built
1909
Listing Agency:
RE/MAX Right Choice
(203) 268-1118
Listed By:
Basil Amso · License #RES.0777456
(203) 209-3818
Source:
Iverty
Added: Jul 1
Changed: Oct 21
Last Checked: Oct 20 at 8:59PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,402
Cap Rate
5.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$848,040
$848.0K
Cap Rate 7%
$605,743
$605.7K
Cap Rate 9%
$471,133
$471.1K
Market Conditions
NOI Build-Up for 3,272 SF
Gross rent
$64.8K $19.80/SF
− Vacancy
−$4.2K −$1.29/SF
EGI
$60.6K $18.51/SF
− OpEx
−$18.2K −$5.55/SF
NOI
$42.4K $12.96/SF
Area
Bridgeport, CT
Vacancy
6.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$848,040
Cap Rate 7%
$605,743
Cap Rate 9%
$471,133
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,855
Businesses Nearby
Explore this area
Business Placement
Demographics for 06606, CT
48,427
Population
19,002
Households
2.5
Avg Household Size
36
Median Age
23%
College-Educated
82%
High-School Grad
5.3 sq mi
ZIP Area
9,137
Density / Sq Mi
$68,538
Median Household Income
$35,128
Median Earnings
$1,434
Median Rent
$272,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
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 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
