Renovated 3-Unit
New
For Sale
$899,900
383 Harral, Bridgeport, CT 06604
Each apartment has three bedrooms and a kitchen equipped with new appliances.
Property Size1,907 SF
Price / SF$301.78
Days on Market7
Property Features for 383 Harral
General Information
Standard status
Active
Size
1,907 SF
Property subtype
3 Family
Lease Term
Listing ID: 24212590, Standard Status: Active, MLS Status: Active, Property Subtype: 3 Family
Units
Unit Mix
3 x 3BR
Multifamily Units
3
Building Details
Building Size
1,907 SF
Year Built
1907
Buildings
1
Listing Agency:
RE/MAX Right Choice
(203) 268-1118
Listed By:
Kathy Chiluisa · License #RES.0766589
(203) 395-0715
Source:
Iverty
Added: Oct 7
Changed: Oct 13
Last Checked: Oct 12 at 7:19PM
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 RE/MAX Right Choice
Investment Insights
Based on property information with market context.
This three-family property contains three apartments, each with three bedrooms, within 2,982 square feet. The building was reconstructed from the interior framing outward, with new walls, electrical and plumbing systems, and flooring. Kitchens have newer finishes and brand-new appliances; the property also has new HVAC heating systems and updated windows. The structure dates to 1907.
Key Highlights
- Three legal apartments, each with three bedrooms
- 2,982 square feet in a building constructed in 1907
- Rebuilt interior includes new walls, electrical, plumbing, and flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,644
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$772,880
$772.9K
Cap Rate 7%
$552,057
$552.1K
Cap Rate 9%
$429,378
$429.4K
Market Conditions
NOI Build-Up for 2,982 SF
Gross rent
$59.0K $19.80/SF
− Vacancy
−$3.8K −$1.29/SF
EGI
$55.2K $18.51/SF
− OpEx
−$16.6K −$5.55/SF
NOI
$38.6K $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%
$772,880
Cap Rate 7%
$552,057
Cap Rate 9%
$429,378
Alternative Uses
Best Use
Multifamily LT 5
$552.1K
$483.1K – $644.1K
NOI $38,644 @ 7.0% cap · market cap 4.29%
Second Best
Apartment 5plus
$501.1K
$438.5K – $584.6K
NOI $35,077 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$851.1K
$744.7K – $993.0K
NOI $59,579 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,596
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
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Each apartment has three bedrooms and a kitchen equipped with new appliances.
Where is this triplex located?
The property is located at 383 Harral Bridgeport, CT.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Three legal apartments, each with three bedrooms; 2,982 square feet in a building constructed in 1907; Rebuilt interior includes new walls, electrical, plumbing, and flooring
