6-Unit Apartment
New
For Sale
$1,350,000
357 Pearl St, Bridgeport, CT 06608
Built in 1919, the six-unit property has a Walk Score of 45.
Property Size4,554 SF
Days on Market2
Property Features for 357 Pearl St
General Information
Standard status
Active
Size
4,554 SF
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
6
Building Details
Building Size
4,554 SF
Year Built
1919
Listing Agency:
Roundtree Realty LLC
Listed By:
Aharon Cowen · License #RES.0832571
(747) 252-3955
Source:
Elliman
Added: Oct 16
Last Checked: Oct 16 at 2:25PM
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 Roundtree Realty LLC
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Investment Insights
Based on property information with market context.
This six-unit apartment property at 357 Pearl St in Bridgeport, Connecticut, dates to 1919. The property has a Walk Score of 45, a Bike Score of 33, and a Transit Score of 29.
Key Highlights
- Six‑unit apartment property
- Built in 1919
- Walk Score: 45
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,568
Cap Rate
3.97%
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 3.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $90,987 @ 7.0% cap · market cap 6.74%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Built in 1919, the six-unit property has a Walk Score of 45.
Where is this apartment building located?
The property is located at 357 Pearl St Bridgeport, CT.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Six‑unit apartment property; Built in 1919; Walk Score: 45
