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Well-Maintained Three-Family Home

43 Elmwood Avenue Bridgeport, CT 06605

43 Elmwood Avenue, Bridgeport, CT, 06605
$625,000
For Sale
Claim this Listing
$625,000

Solid investment opportunity near highways, train, shopping, and universities.

Property Size3,236 SF
Price / SF$193.14
AddedApr 3
Days on Market105
Last RefreshJul 16 at 6:33 am

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 office Coldwell Banker Realty

Listing date Apr 3, 2026

Source Lockandkeyre

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 (±1% cap)
NOI $41,936 @ 7.0% cap · market cap 6.71%
Second Best
Apartment 5plus
$543.8K
$475.8K – $634.4K (±1% cap)
NOI $38,064 @ 7.0% cap · market cap 6.09%
Theoretical Best
Office A
$923.6K
$808.2K – $1.08M (±1% cap)
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

Suggested Use

Acupuncture Gym & Fitness Center Home Appliance Store Locksmith Veterinary Clinic Skin Care Clinic Pet Grooming Service Pet Store Pet Store & Service Travel Agency

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

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.
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