Well-Maintained Three-Family
43 Elmwood Avenue Bridgeport, CT 06605
43 Elmwood Avenue, Bridgeport, CT, 06605
$625,000
For Sale
$625,000
Solid investment opportunity near highways, train, shopping, and universities.
Property Size3,236 SF
Price / SF$193.14
Days on Market111
Property Features for 43 Elmwood Avenue
General Information
- Standard status
- Active
- Size
- 3,236 SF
- Property subtype
- 3 Family
Building Details
- Year Built
- 1912
Listing agency
Coldwell Banker Realty
(203) 673-9272
Listed by
Jennifer Capozziello · License #RES.0781137
(203) 673-9272
Source
Lockandkeyre
Added: Apr 3 Updated: Jul 10 at 1:13PM Checked: Jul 22 at 5:05AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This is a solid three-family home featuring three bedrooms in each unit. The property has been well-maintained by the same owner for over 25 years. Recent upgrades within the last five years include a new asphalt shingle roof, updated exterior siding, and upgraded mechanicals, including gas furnaces and hot water heaters. All three units have been freshly painted, with updated kitchens and bathrooms. The basement offers a washer and dryer along with ample storage space. Additional features include off-street parking for one car and a fenced-in backyard with an oversized attached deck. It is an excellent opportunity for investors or owner-occupants looking to live in one unit while generating rental income from the others. The property is conveniently located near major highways, the train station, shopping, Seaside Park, and local universities. The property size is 3236 square feet.
Key Highlights
- Three updated units, each featuring three bedrooms, updated kitchens and bathrooms, and fresh paint.
- Recent upgrades include a new roof, updated siding, and upgraded mechanicals (gas furnaces and hot water heaters).
- Ideal for investors or owner‑occupants seeking rental income.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.1k | $19.80 |
| − Vacancy | −$4.2k | −$1.29 |
| EGI | $59.9k | $18.51 |
| − OpEx | −$18.0k | −$5.55 |
| NOI | $41.9k | $12.96 |
3,236 SF · lease $19.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$599.1K
$524.2K – $698.9K
NOI $41,936 @ 7.0% cap · market cap 6.71%
Second Best
Apartment 5plus
$543.8K
$475.8K – $634.4K
NOI $38,064 @ 7.0% cap · market cap 6.09%
Theoretical Best
Office A
$923.6K
$808.2K – $1.08M
NOI $64,654 @ 7.0% cap · market cap 10.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Solid investment opportunity near highways, train, shopping, and universities.
Where is this triplex located?
The property is located at 43 Elmwood 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 updated units, each featuring three bedrooms, updated kitchens and bathrooms, and fresh paint.; Recent upgrades include a new roof, updated siding, and upgraded mechanicals (gas furnaces and hot water heaters).; Ideal for investors or owner‑occupants seeking rental income.
