Modern Multifamily
New
For Sale
$950,000
391 Coleman St, Bridgeport, CT 06604
Open layouts feature updated kitchens, in-unit laundry, and contemporary finishes.
Property Size2,830 SF
Days on Market4
Property Features for 391 Coleman St
General Information
Standard status
Active
Size
2,830 SF
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Amenities
in-unit laundry
Building Details
Building Size
2,830 SF
Year Built
2026
Listing Agency:
US Asset Realty
(203) 383-9986
Listed By:
Alexia Andrade · License #RES.0815052
(203) 383-9986
Source:
Elliman
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 11 at 7:00AM
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 US Asset Realty
Investment Insights
Based on property information with market context.
Located at 391 Coleman St in Bridgeport, Connecticut, this multifamily property was built in 2026 and presents a contemporary residential configuration. Interior features include open-plan living areas, refreshed kitchens with white cabinetry, streamlined countertops, and stainless steel appliances. Recessed lighting, hardwood-style flooring, updated bathrooms, and generously sized bedrooms carry throughout the residence. Multiple bedrooms and adaptable living spaces support a range of household arrangements, while in-unit laundry adds everyday convenience.
The property is positioned near shopping, dining, parks, public transportation, and major highways. Walk Score is 82, indicating a very walkable setting; the property also carries a Bike Score of 49 and a Transit Score of 45. The address is 391 Coleman St, Bridgeport, CT 06604.
The property is positioned near shopping, dining, parks, public transportation, and major highways. Walk Score is 82, indicating a very walkable setting; the property also carries a Bike Score of 49 and a Transit Score of 45. The address is 391 Coleman St, Bridgeport, CT 06604.
Key Highlights
- Built in 2026
- Open‑concept interior layouts with multiple bedrooms and flexible living areas
- Updated kitchens with white cabinetry, sleek countertops, and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,289
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$665,780
$665.8K
Cap Rate 7%
$475,557
$475.6K
Cap Rate 9%
$369,878
$369.9K
Market Conditions
NOI Build-Up for 2,830 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$63.8K $22.56/SF
− Vacancy
−$3.3K −$1.17/SF
EGI
$60.5K $21.39/SF
− OpEx
−$27.2K −$9.62/SF
NOI
$33.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$665,780
Cap Rate 7%
$475,557
Cap Rate 9%
$369,878
Alternative Uses
Best Use
Apartment 5plus
$475.6K
$416.1K – $554.8K
NOI $33,289 @ 7.0% cap · market cap 3.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$807.7K
$706.8K – $942.4K
NOI $56,542 @ 7.0% cap · market cap 5.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,925
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Open layouts feature updated kitchens, in-unit laundry, and contemporary finishes.
Where is this multifamily property located?
The property is located at 391 Coleman St Bridgeport, CT.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Built in 2026; Open‑concept interior layouts with multiple bedrooms and flexible living areas; Updated kitchens with white cabinetry, sleek countertops, and stainless steel appliances
