Renovated Three-Unit
For Sale
$859,900
383 Harral Avenue, Bridgeport, CT 06604
Each apartment has three bedrooms, updated kitchens, and new appliances.
Property Size2,982 SF
Price / SF$288.36
Days on Market12
Property Features for 383 Harral Avenue
General Information
Standard status
Active
Size
2,982 SF
Total Parking Spaces
10
Property subtype
Multi Family Home
Zoning
RC
Site & Location
Neighborhood
Downtown
Units
Unit Mix
3 x 3BR
Multifamily Units
3
Building Details
Building Size
2,982 SF
Year Built
1907
Units
3
Listing Agency:
Re/Max Right Choice
(203) 268-1118
Listed By:
Kathy Chiluisa · License #RES.0766589
(203) 395-0715
Source:
Daveluzi
Added: Oct 13
Changed: Oct 23
Last Checked: Oct 23 at 5:55PM
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
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Investment Insights
Based on property information with market context.
This three-family property at 383 Harral Avenue in Bridgeport contains three apartments, each with three bedrooms. The 2,982-square-foot building was renovated from the framing outward, with new walls, electrical and plumbing systems, and flooring. Kitchens have been updated and fitted with new appliances; the property also has new heating systems and updated windows.
Built in 1907, the property is zoned RC. Its three-bedroom-per-apartment layout and broad set of building upgrades define the configuration.
Built in 1907, the property is zoned RC. Its three-bedroom-per-apartment layout and broad set of building upgrades define the configuration.
Key Highlights
- Three apartments, each with three bedrooms
- 2,982 square feet
- New walls, electrical, plumbing, and flooring throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,644
Cap Rate
4.49%
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 4.49%
Second Best
Apartment 5plus
$501.1K
$438.5K – $584.6K
NOI $35,077 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$851.1K
$744.7K – $993.0K
NOI $59,579 @ 7.0% cap · market cap 6.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,596
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Triplex - Each apartment has three bedrooms, updated kitchens, and new appliances.
Where is this triplex located?
The property is located at 383 Harral Avenue Bridgeport, CT.
What is the asking price?
The asking price for this property is $859,900.
What are key features of this property?
This property features: Three apartments, each with three bedrooms; 2,982 square feet; New walls, electrical, plumbing, and flooring throughout
