Updated Multifamily Opportunity in
391 Coleman Street Bridgeport, CT 06604
For Sale
$950,000
MULTI_FAMILY - Bridgeport, CT
Property Size2,830 SF
Lot Size0.07 Acres
Price / SF$335.69
Days on Market193
Property Features for 391 Coleman Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Zoning
- RB
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bathroom 2, Bedroom 2, Bedroom 8, Bedroom 5, Bedroom 7, Bathroom 1, Bedroom 1, Bathroom 4, Bathroom 3, Bedroom 3, Bedroom 6, Bedroom 4
- Basement
- Crawl Space
- Standard status
- Active
- Size
- 2,830 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 2079
Utilities
- Sewer type
- Public Sewer
- Heating system
- Heat Pump (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2026
- Architectural style
- Other
Listing Agency:
US Asset Realty
(800) 913-1936
Listed By:
Alexia Andrade · License #RES.0815052
(203) 383-9986
Added: Jan 14
Changed: Jul 26
Last Checked: Jul 26 at 10:06AM
MLS# 24148902
Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in Bridgeport, this updated multifamily property at 391 Coleman Street offers modern living spaces. The property features open-concept layouts with updated kitchens, crisp white cabinetry, sleek countertops, and stainless steel appliances. Recessed lighting and hardwood-style flooring enhance the living areas. The floor plans maximize space and privacy, with multiple bedrooms, flexible living areas, and in-unit laundry. It is located near shopping, dining, parks, public transportation, and major highways. The property is suitable for multi-generational living, rental income, or a live-in investment strategy. The property contains 2,830 square feet and sits on a 0.07-acre lot.
Key Highlights
- Multifamily property under construction with YearBuilt 2026
- Central air cooling plus heat pump heating
- Public water and public sewer
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.8k | $22.56 |
| − Vacancy | −$3.3k | −$1.17 |
| EGI | $60.5k | $21.39 |
| − OpEx | −$27.2k | −$9.62 |
| NOI | $33.3k | $11.76 |
2,830 SF · lease $22.56/SF/yr · vacancy 5.20% · expense 45.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Multifamily properties
FAQs
What type of property is this?
Multifamily property - Fully updated multifamily property in Bridgeport near shopping and transportation.
Where is this multifamily property located?
The property is located at 391 Coleman Street 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: Multifamily property under construction with YearBuilt 2026; Central air cooling plus heat pump heating; Public water and public sewer
