5-Unit Apartment
37 Austin, Bridgeport, CT 06604
For Sale
$1,050,000
Residents cover their own utility expenses through separately metered service.
Property Size5,059 SF
Price / SF$207.55
Days on Market11
Property Features for 37 Austin
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Building Details
Year Built
Listing Agency:
Baldwin Pearson & Co., Inc
(203) 335-5117
Listed By:
Daniel Shawah · License CT RES.0829215
(203) 521-6348
Source:
Lockandkeyre
Added: Nov 2
Changed: Nov 12
Last Checked: Nov 12 at 2:30PM
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
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Investment Insights
Based on property information with market context.
At 37 Austin Street in Bridgeport, Connecticut, this 5-unit apartment building contains 5,059 square feet. The unit mix comprises four two-bedroom apartments and one six-bedroom apartment, and all five units are occupied.
Built in 1950, the property has separate utility meters, with tenants responsible for their utility expenses.
Built in 1950, the property has separate utility meters, with tenants responsible for their utility expenses.
Key Highlights
- Five apartments: four two‑bedroom units and one six‑bedroom unit
- 5,059 square feet
- All five units are occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,508
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,190,160
$1.2M
Cap Rate 7%
$850,114
$850.1K
Cap Rate 9%
$661,200
$661.2K
Market Conditions
NOI Build-Up for 5,059 SF
Gross rent
$114.1K $22.56/SF
− Vacancy
−$5.9K −$1.17/SF
EGI
$108.2K $21.39/SF
− OpEx
−$48.7K −$9.62/SF
NOI
$59.5K $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%
$1,190,160
Cap Rate 7%
$850,114
Cap Rate 9%
$661,200
Alternative Uses
Best Use
Apartment 5plus
$850.1K
$743.9K – $991.8K
NOI $59,508 @ 7.0% cap · market cap 5.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $101,076 @ 7.0% cap · market cap 9.63%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
763
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
$231,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Bridgeport, CT
Properties on Market for Apartment buildings in Bridgeport
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Residents cover their own utility expenses through separately metered service.
Where is this apartment building located?
The property is located at 37 Austin Bridgeport, CT.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Five apartments: four two‑bedroom units and one six‑bedroom unit; 5,059 square feet; All five units are occupied
