Updated Four-Unit Apartment
New
For Sale
$849,000
39-45 Circular Ave, Bridgeport, CT 06605
Four one-bedroom apartments feature separate electric meters and a shared coin-operated laundry room.
Property Size2,816 SF
Price / SF$301.49
Days on Market5
Property Features for 39-45 Circular Ave
General Information
Standard status
Active
Size
2,816 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Site & Location
Neighborhood
Black Rock
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Individually Metered Utilities
electricity
Amenities
coin-op laundry
Building Details
Year Built
1959
Buildings
1
Stories
2
Listing Agency:
William Raveis Real Estate
Listed By:
Kaitlyn Walsh (203) 231-1950 (203) 255-6841 · License #RES.0797747
(203) 231-1950
Source:
Fairfieldcounty-properties
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 6:33AM
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 William Raveis Real Estate
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.
This 2,816-square-foot quadplex contains four one-bedroom, one-bathroom apartments across two floors, with two units on each level. Each residence has LVP flooring, updated kitchens and appliances, refreshed lighting, a living room, and an eat-in kitchen. Front and rear egress serve each unit. A detached three-car garage is currently rented to a tenant.
The basement contains a shared coin-operated laundry room, a common natural-gas water heater, and separate electric meters for the apartments. Each unit has its own newer on-demand natural-gas boiler for heat. The property was built in 1959 and has crushed stone and evergreen plantings across its re-landscaped grounds.
The basement contains a shared coin-operated laundry room, a common natural-gas water heater, and separate electric meters for the apartments. Each unit has its own newer on-demand natural-gas boiler for heat. The property was built in 1959 and has crushed stone and evergreen plantings across its re-landscaped grounds.
Key Highlights
- Four 1‑bedroom/1‑bathroom apartments in a two‑story building
- 2,816 square feet; built in 1959
- Detached 3‑car garage currently rented to a tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,493
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$729,860
$729.9K
Cap Rate 7%
$521,329
$521.3K
Cap Rate 9%
$405,478
$405.5K
Market Conditions
NOI Build-Up for 2,816 SF
Gross rent
$55.8K $19.80/SF
− Vacancy
−$3.6K −$1.29/SF
EGI
$52.1K $18.51/SF
− OpEx
−$15.6K −$5.55/SF
NOI
$36.5K $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%
$729,860
Cap Rate 7%
$521,329
Cap Rate 9%
$405,478
Alternative Uses
Best Use
Multifamily LT 5
$521.3K
$456.2K – $608.2K
NOI $36,493 @ 7.0% cap · market cap 4.30%
Second Best
Apartment 5plus
$473.2K
$414.1K – $552.1K
NOI $33,124 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$803.7K
$703.3K – $937.7K
NOI $56,262 @ 7.0% cap · market cap 6.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,043
Businesses Nearby
Explore this area
Business Placement
Demographics for 06605, CT
23,867
Population
10,799
Households
2.2
Avg Household Size
35
Median Age
33%
College-Educated
80%
High-School Grad
2.3 sq mi
ZIP Area
10,377
Density / Sq Mi
$59,673
Median Household Income
$40,276
Median Earnings
$1,423
Median Rent
$273,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Four one-bedroom apartments feature separate electric meters and a shared coin-operated laundry room.
Where is this quadplex located?
The property is located at 39-45 Circular Ave Bridgeport, CT.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Four 1‑bedroom/1‑bathroom apartments in a two‑story building; 2,816 square feet; built in 1959; Detached 3‑car garage currently rented to a tenant
