Triplex with Hardwood-Floored
For Sale
$699,900
Pending
40-44 Vine Street, Bridgeport, CT 06604
Each residence includes four bedrooms, a kitchen, and a tiled bathroom.
Property Size4,877 SF
Days on Market132
Property Features for 40-44 Vine Street
General Information
Standard status
Pending
Size
4,877 SF
Property subtype
Multi-Family / 3 Family
Zoning
RB
Taxes and HOA fees
Annual Taxes
$9,474
Amenities
Yes
Baseboard
19
Access Via Hatch
Porch
Beach Rights
Building Details
Year Built
1911
Listing Agency:
RE/MAX Right Choice
(203) 209-3818
Listed By:
Basil Amso · License #RES.0777456
(203) 209-3818
Source:
Compass
Added: Apr 22
Changed: Aug 30
Last Checked: Aug 30 at 4:05AM
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
Investment Insights
Based on property information with market context.
This 4,877-square-foot triplex contains three four-bedroom residences within a 1911 building. Interior features include hardwood flooring, kitchens, tiled bathrooms, and gas-fired baseboard heat. Vinyl siding and replacement windows contribute to the building’s exterior maintenance profile, while a porch provides additional outdoor space. Access via hatch is also noted.
Located at 40-44 Vine Street in Bridgeport, the property is described as minutes from downtown, train service, and major highways. RB zoning is identified for the site. Beach rights are included among the property features, adding a recreational component to the residential offering.
Located at 40-44 Vine Street in Bridgeport, the property is described as minutes from downtown, train service, and major highways. RB zoning is identified for the site. Beach rights are included among the property features, adding a recreational component to the residential offering.
Key Highlights
- Three‑unit triplex with four bedrooms in each unit
- 4,877 SF building constructed in 1911
- Hardwood flooring, kitchens, and tiled bathrooms throughout the units
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
$63,202
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
9.03%
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%
$1,264,040
$1.3M
Cap Rate 7%
$902,886
$902.9K
Cap Rate 9%
$702,244
$702.2K
Market Conditions
NOI Build-Up for 4,877 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
$96.6K $19.80/SF
− Vacancy
−$6.3K −$1.29/SF
EGI
$90.3K $18.51/SF
− OpEx
−$27.1K −$5.55/SF
NOI
$63.2K $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 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%
$1,264,040
Cap Rate 7%
$902,886
Cap Rate 9%
$702,244
Alternative Uses
Best Use
Multifamily LT 5
$902.9K
$790.0K – $1.05M
NOI $63,202 @ 7.0% cap · market cap 9.03%
Second Best
Apartment 5plus
$819.5K
$717.1K – $956.1K
NOI $57,367 @ 7.0% cap · market cap 8.20%
Theoretical Best
Office A
$1.39M
$1.22M – $1.62M
NOI $97,440 @ 7.0% cap · market cap 13.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,457
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?
Triplex - Each residence includes four bedrooms, a kitchen, and a tiled bathroom.
Where is this triplex located?
The property is located at 40-44 Vine Street Bridgeport, CT.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Three‑unit triplex with four bedrooms in each unit; 4,877 SF building constructed in 1911; Hardwood flooring, kitchens, and tiled bathrooms throughout the units
