Three-Unit Multifamily
New
For Sale
$625,000
41-43-45 Taft Avenue, Bridgeport, CT 06606
Two vacant apartments and one month-to-month tenancy offer flexibility for occupancy and rental use.
Property Size3,216 SF
Days on Market2
Property Features for 41-43-45 Taft Avenue
General Information
Standard status
Active
Size
3,216 SF
Property subtype
3 Family
Taxes and HOA fees
Annual Taxes
$9,288
Building Details
Building Size
3,216 SF
Year Built
1930
Listing Agency:
Real Broker CT, LLC
Listed By:
Khrystyna Chorna
(347) 313-1458
Source:
Higginsgroup
Added: Sep 26
Last Checked: Sep 26 at 5:54AM
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 Real Broker CT, LLC
Investment Insights
Based on property information with market context.
This 1930-built triplex contains three two-bedroom apartments. The first-floor unit has hardwood flooring, a dining room, pantry, full bath, and covered front porch; it has also been freshly painted. The second-floor apartment has new carpeting along with front and rear sun porches. The third-floor unit is occupied by a month-to-month tenant. Recent work includes a replacement roof and gutters, plus a new water tank for the third-floor apartment.
First- and second-floor heating and plumbing systems are located in the basement. The third-floor apartment has a separate gas furnace. Rear off-street parking accommodates two or three vehicles.
First- and second-floor heating and plumbing systems are located in the basement. The third-floor apartment has a separate gas furnace. Rear off-street parking accommodates two or three vehicles.
Key Highlights
- Three two‑bedroom apartments in a 1930‑built triplex
- First- and second‑floor apartments are vacant; third‑floor unit has a month‑to‑month tenant
- First‑floor unit includes hardwood flooring, dining room, pantry, full bath, and covered porch
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
$41,676
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
6.67%
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%
$833,520
$833.5K
Cap Rate 7%
$595,371
$595.4K
Cap Rate 9%
$463,067
$463.1K
Market Conditions
NOI Build-Up for 3,216 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
$63.7K $19.80/SF
− Vacancy
−$4.1K −$1.29/SF
EGI
$59.5K $18.51/SF
− OpEx
−$17.9K −$5.55/SF
NOI
$41.7K $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%
$833,520
Cap Rate 7%
$595,371
Cap Rate 9%
$463,067
Alternative Uses
Best Use
Multifamily LT 5
$595.4K
$521.0K – $694.6K
NOI $41,676 @ 7.0% cap · market cap 6.67%
Second Best
Apartment 5plus
$540.4K
$472.9K – $630.5K
NOI $37,829 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$917.9K
$803.2K – $1.07M
NOI $64,254 @ 7.0% cap · market cap 10.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,538
Businesses Nearby
Explore this area
Business Placement
Demographics for 06606, CT
48,427
Population
19,002
Households
2.5
Avg Household Size
36
Median Age
23%
College-Educated
82%
High-School Grad
5.3 sq mi
ZIP Area
9,137
Density / Sq Mi
$68,538
Median Household Income
$35,128
Median Earnings
$1,434
Median Rent
$272,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Two vacant apartments and one month-to-month tenancy offer flexibility for occupancy and rental use.
Where is this triplex located?
The property is located at 41-43-45 Taft Avenue Bridgeport, CT.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Three two‑bedroom apartments in a 1930‑built triplex; First- and second‑floor apartments are vacant; third‑floor unit has a month‑to‑month tenant; First‑floor unit includes hardwood flooring, dining room, pantry, full bath, and covered porch
