Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Bridgeport Multifamily Unit For Rent Title is generated by Realmo AI

    42 Cottage St Lower Level, Bridgeport, CT 06605

    View on Map
    Claim this Listing
    For Lease
    $2,000 /Mo

    Multifamily unit for rent with utilities included and immediate availability.

    Type:Multi Family
    Added:
    Apr 4, 2026
    Days on Market:
    58
    Last Refresh:
    Apr 4 at 6:36 am

    Property Features for 42 Cottage St Lower Level

    General Information

    Standard status
    Active
    Property subtype
    Multi Family

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    William Marin

    Listing agent William Marin

    Listing office

    Listing date Apr 4, 2026

    Source Elliman

    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 William Marin

    HighLights

    • All utilities included in rent.
    • Washer and dryer included.
    • Very walkable location (Walk Score: 81).
    • Convenient highway access to Route 8 and I‑95.
    • Proximity to University of Bridgeport, supermarkets, and banks.
    • Immediate availability.

    Overview

    This multifamily unit for rent includes all utilities, as well as a washer and dryer. On-street parking is available. The property offers convenient access to Route 8 and I-95. It is located near the University of Bridgeport, supermarkets, banks, and other conveniences. Immediate availability is offered. The location has a bike score of 63, indicating it is bikeable, a walk score of 81, indicating it is very walkable, and a transit score of 47, indicating some transit options are available.
    Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bridgeport
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.1979579
    Latitude
    41.1726966

    Nearby Similar for Lease

    • $4,000/Mo
      6,488 SF

      Turnkey Bar & Restaurant Opportunity

      Impeccably maintained bar and restaurant in Bridgeport's West Side.
      2 West Avenue, Bridgeport, CT 06604
      View Details
    • $1,500/Mo
      1,087 SF

      Bridgeport Commercial Space For Rent

      1,087 SF commercial space suitable for various businesses.
      357 Harral Avenue, Bridgeport, CT 06604
      View Details
    • $1,500/Mo
      700 SF

      North Bridgeport Commercial Space Available

      700 sq ft commercial space in high-visibility North Bridgeport.
      1375 Madison Ave 5, Bridgeport, CT 06606
      View Details
    • Sponsored
      $129-$4,704/Mo
      11-1,292 SF

      Downtown Bridgeport

      1000 Lafayette Blvd, Unit 1100, Bridgeport, CT 06604
      View Details
    • $7,000/Mo
      7,358 SF

      Versatile Commercial Space in Bridgeport

      Three-level commercial space suitable for medical or recovery-related practices.
      1071 E Main St, Bridgeport, CT 06608
      View Details
    • $2,200/Mo
      595 SF

      Downtown Bridgeport Commercial Space Available

      High-visibility commercial space in downtown Bridgeport, suitable for various businesses.
      84 John Street, Bridgeport, CT 06604
      View Details
    • $3,000/Mo
      1,443 SF

      Renovated Commercial Units on Crescent

      Two newly renovated commercial units available for immediate occupancy.
      53 Crescent Ave, Bridgeport, CT 06608
      View Details
    • $2,000/Mo
      800 SF

      Prime Commercial Space on Main

      Versatile commercial space ideal for retail, office, or service businesses.
      535 E Main St, Bridgeport, CT 06608
      View Details
    • $1,800/Mo
      1,087 SF

      Bridgeport Retail Space For Rent

      Retail space in Bridgeport's Hollow section, suitable for various businesses.
      357 Harral Ave, Bridgeport, CT 06604
      View Details
    • $3,200/Mo
      660 SF

      Bridgeport Commercial Space For Lease

      High-visibility corner location ideal for retail, office, or restaurant.
      986 Main Street, Bridgeport, CT 06604
      View Details
    • $4,500/Mo
      800 SF

      Adaptable Retail Space in Bridgeport

      800 sq ft commercial space in North End location.
      1434 North Ave, Bridgeport, CT 06604
      View Details
    • $1,500/Mo
      700 SF

      North Bridgeport Commercial Space Available

      700 sq ft commercial space in high-visibility North Bridgeport.
      1375 Madison Avenue #5, Bridgeport, CT 06606
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Multifamily unit for rent with utilities included and immediate availability.
    Where is this multifamily property located?
    The property is located at 42 Cottage St Lower Level Bridgeport, CT.
    What is the lease rate?
    The lease rate is $2,000 /Mo.
    What are key features of this property?
    This property features: All utilities included in rent.; Washer and dryer included.; **Very walkable location (Walk Score: 81).**
    (475) 988-6423
    We can help!
    Listing Contact
    William Marin
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    42 Cottage St Lower Level, Bridgeport, CT 06605
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!