3-Unit Triplex with Three-Bedroom
For Sale
$720,000
32-34 Park Terrace, Bridgeport, CT 06604
Three apartments offer living rooms, eat-in kitchens, and full baths in a multifamily configuration.
Property Size3,159 SF
Price / SF$227.92
Days on Market63
Property Features for 32-34 Park Terrace
General Information
Standard status
Active
Size
3,159 SF
Property subtype
Multi-Family
Building Details
Year Built
1910
Listing Agency:
BHGRE Gaetano Marra Homes
Listed By:
Stephanie Ferreira · License #RES.0821641
(203) 520-2305
Source:
Themialeteam
Added: Aug 14
Changed: Oct 6
Last Checked: Oct 6 at 12:22AM
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 BHGRE Gaetano Marra Homes
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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 three-family property contains three separate apartments with a practical residential layout. The first and second units each include three bedrooms, a living room, an eat-in kitchen, and a full bathroom. The top-floor apartment provides two bedrooms along with its own living room, eat-in kitchen, and full bathroom. The property was built in 1910.
The building is positioned near Seaside Park, the University of Bridgeport, Total Mortgage Arena, downtown Bridgeport, and the Metro-North train station. Shopping, dining, public transportation, and major highways are also located nearby, placing a range of daily services and regional connections within the surrounding area.
The building is positioned near Seaside Park, the University of Bridgeport, Total Mortgage Arena, downtown Bridgeport, and the Metro-North train station. Shopping, dining, public transportation, and major highways are also located nearby, placing a range of daily services and regional connections within the surrounding area.
Key Highlights
- Three‑family property with 3 separate apartments
- Unit mix includes 3 bedrooms, 3 bedrooms, and 2 bedrooms
- Each apartment has a living room, eat‑in kitchen, and full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,938
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$818,760
$818.8K
Cap Rate 7%
$584,829
$584.8K
Cap Rate 9%
$454,867
$454.9K
Market Conditions
NOI Build-Up for 3,159 SF
Gross rent
$62.5K $19.80/SF
− Vacancy
−$4.1K −$1.29/SF
EGI
$58.5K $18.51/SF
− OpEx
−$17.5K −$5.55/SF
NOI
$40.9K $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%
$818,760
Cap Rate 7%
$584,829
Cap Rate 9%
$454,867
Alternative Uses
Best Use
Multifamily LT 5
$584.8K
$511.7K – $682.3K
NOI $40,938 @ 7.0% cap · market cap 5.69%
Second Best
Apartment 5plus
$530.8K
$464.5K – $619.3K
NOI $37,159 @ 7.0% cap · market cap 5.16%
Theoretical Best
Office A
$901.6K
$788.9K – $1.05M
NOI $63,115 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
918
Businesses Nearby
Explore this area
Business Placement
Demographics for 06604, CT
30,003
Population
12,972
Households
2.3
Avg Household Size
35
Median Age
29%
College-Educated
74%
High-School Grad
3.2 sq mi
ZIP Area
9,376
Density / Sq Mi
$45,794
Median Household Income
$34,706
Median Earnings
$1,419
Median Rent
$231,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three apartments offer living rooms, eat-in kitchens, and full baths in a multifamily configuration.
Where is this triplex located?
The property is located at 32-34 Park Terrace Bridgeport, CT.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: Three‑family property with 3 separate apartments; Unit mix includes 3 bedrooms, 3 bedrooms, and 2 bedrooms; Each apartment has a living room, eat‑in kitchen, and full bath
