Renovated Apartment
For Sale
$1,325,000
343 Pearl St, Bridgeport, CT 06608
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 Market112
Property Features for 343 Pearl St
General Information
Standard status
Active
Size
4,554 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
6
Building Details
Year Built
1919
Listing Agency:
Baldwin Pearson & Co., Inc
Listed By:
Daniel Shawah · License #RES.0829215
(203) 521-6348
Source:
Themialeteam
Added: Jul 3
Changed: Oct 10
Last Checked: Oct 6 at 12:13AM
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 & Co., Inc
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.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,568
Cap Rate
4.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,071,360
$1.1M
Cap Rate 7%
$765,257
$765.3K
Cap Rate 9%
$595,200
$595.2K
Market Conditions
NOI Build-Up for 4,554 SF
Gross rent
$102.7K $22.56/SF
− Vacancy
−$5.3K −$1.17/SF
EGI
$97.4K $21.39/SF
− OpEx
−$43.8K −$9.62/SF
NOI
$53.6K $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%
$1,071,360
Cap Rate 7%
$765,257
Cap Rate 9%
$595,200
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
1,822
Businesses Nearby
Explore this area
Business Placement
Demographics for 06608, CT
14,312
Population
4,915
Households
2.9
Avg Household Size
33
Median Age
7%
College-Educated
67%
High-School Grad
1.0 sq mi
ZIP Area
14,312
Density / Sq Mi
$43,008
Median Household Income
$30,524
Median Earnings
$1,311
Median Rent
$222,900
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?
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
