Renovated Apartment
343 PEARL ST Bridgeport, CT 06608
343 PEARL ST, Bridgeport, CT, 06608
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For Sale
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Renovated multifamily building with six renovated 2-bedroom apartments on a residential block near major transportation routes.
Property Size4,554 SF
Price / SF$290.95
Days on Market23
Property Features for 343 PEARL ST
General Information
- Standard status
- Active
- Size
- 4,554 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1919
Listing agency
Baldwin Pearson & Company
(203) 335-5117
Listed by
Daniel Shawah · License #RES.0829215
Source
Crexi
Added: Jun 29 Updated: Jul 20 at 8:46PM Checked: Jul 20 at 8:46PM
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 Baldwin Pearson & Company
Investment Insights
Based on property information with market context.
343 Pearl Street is a renovated apartment building offered for sale, featuring six renovated 2-bedroom apartments. The property is described as being located on a well-maintained residential block just off Boston Avenue.
The offering highlights strong rental demand and convenient access to major transportation routes, employment centers, retail amenities, and public transit in Bridgeport’s East Side area. The building is presented as positioned for long-term occupancy.
Ownership includes a compact multifamily configuration designed around six renovated two-bedroom units.
The offering highlights strong rental demand and convenient access to major transportation routes, employment centers, retail amenities, and public transit in Bridgeport’s East Side area. The building is presented as positioned for long-term occupancy.
Ownership includes a compact multifamily configuration designed around six renovated two-bedroom units.
Key Highlights
- Renovated multifamily building built in 1919
- Contains six renovated 2‑bedroom apartments
- Located on a well‑maintained residential block just off Boston Avenue in Bridgeport’s East Side
Local Financial Insights For Apartment 5plus
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 | $102.7k | $22.56 |
| − Vacancy | −$5.3k | −$1.17 |
| EGI | $97.4k | $21.39 |
| − OpEx | −$43.8k | −$9.62 |
| NOI | $53.6k | $11.76 |
4,554 SF · lease $22.56/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$765.3K
$669.6K – $892.8K
NOI $53,568 @ 7.0% cap · market cap 4.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $90,987 @ 7.0% cap · market cap 6.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Renovated multifamily building with six renovated 2-bedroom apartments on a residential block near major transportation routes.
Where is this apartment building located?
The property is located at 343 PEARL ST Bridgeport, CT.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: Renovated multifamily building built in 1919; Contains six renovated 2‑bedroom apartments; Located on a well‑maintained residential block just off Boston Avenue in Bridgeport’s East Side
