Building Details

Building Size 3,216 SF

Year Built 1930

Listing Agency: Real Broker CT, LLC

Listed By: Khrystyna Chorna Show Phone

Source: Higginsgroup

Added: Sep 26 Changed: Oct 2 Last Checked: Oct 7 at 3:18PM

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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.

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 / Yr

$41,676

Cap Rate

6.67%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $41,676 @ 7.0% cap · market cap 6.67%

Second Best

Apartment 5plus

$540.4K

$472.9K – $630.5K (±1% cap)

NOI $37,829 @ 7.0% cap · market cap 6.05%

Theoretical Best

Office A

$917.9K

$803.2K – $1.07M (±1% cap)

NOI $64,254 @ 7.0% cap · market cap 10.28%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Gym & Fitness Center Skin Care Clinic Acupuncture Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this triplexes located? What is the asking price? Find similar properties What are key features of this property?

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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