Brick Quadplex with Rear
397 Dover Street, Bridgeport, CT 06610
For Sale
$699,995
Three apartments are occupied, while a fourth is vacant; the property is zoned RC.
Property Size3,424 SF
Price / SF$204.44
Days on Market73
Property Features for 397 Dover Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Occupancy
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Building Details
Building Size
Year Built
Buildings
Units
Construction
Listing Agency:
Jw Real Estate, LLC
Listed By:
John Wang
(203) 621-8761
Source:
Hegartyrealestate
Added: Aug 29
Changed: Nov 7
Last Checked: Nov 8 at 8:00PM
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 Jw Real Estate, LLC
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Investment Insights
Based on property information with market context.
This 3,424-square-foot brick quadplex was built in 1910 and contains four apartments. Each unit has two bedrooms and one bathroom. The second-floor apartment can be configured with three bedrooms and one bathroom. A detached two-car garage sits behind the building.
Three of the four units are occupied, with one currently vacant. The buyer is responsible for completing a lead abatement report.
Three of the four units are occupied, with one currently vacant. The buyer is responsible for completing a lead abatement report.
Key Highlights
- Four brick apartments in a 3,424‑square‑foot building
- Each unit has two bedrooms and one bathroom
- Second‑floor unit can accommodate three bedrooms and one bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,372
Cap Rate
6.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$887,440
$887.4K
Cap Rate 7%
$633,886
$633.9K
Cap Rate 9%
$493,022
$493.0K
Market Conditions
NOI Build-Up for 3,424 SF
Gross rent
$67.8K $19.80/SF
− Vacancy
−$4.4K −$1.29/SF
EGI
$63.4K $18.51/SF
− OpEx
−$19.0K −$5.55/SF
NOI
$44.4K $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%
$887,440
Cap Rate 7%
$633,886
Cap Rate 9%
$493,022
Alternative Uses
Best Use
Multifamily LT 5
$633.9K
$554.7K – $739.5K
NOI $44,372 @ 7.0% cap · market cap 6.34%
Second Best
Apartment 5plus
$575.4K
$503.5K – $671.3K
NOI $40,276 @ 7.0% cap · market cap 5.75%
Theoretical Best
Office A
$977.3K
$855.1K – $1.14M
NOI $68,410 @ 7.0% cap · market cap 9.77%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
75%
Occupancy
Location Intelligence
Trade Area within ½ mile
481
Businesses Nearby
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Business Placement
Demographics for 06610, CT
23,347
Population
9,292
Households
2.5
Avg Household Size
39
Median Age
17%
College-Educated
78%
High-School Grad
3.1 sq mi
ZIP Area
7,531
Density / Sq Mi
$50,836
Median Household Income
$36,698
Median Earnings
$1,364
Median Rent
$224,700
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Bridgeport, CT
Properties on Market for Quadplexes in Bridgeport
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Three apartments are occupied, while a fourth is vacant; the property is zoned RC.
Where is this quadplex located?
The property is located at 397 Dover Street Bridgeport, CT.
What is the asking price?
The asking price for this property is $699,995.
What are key features of this property?
This property features: Four brick apartments in a 3,424‑square‑foot building; Each unit has two bedrooms and one bathroom; Second‑floor unit can accommodate three bedrooms and one bathroom
