43 Elmwood Avenue Bridgeport, CT 06605
Solid investment opportunity near highways, train, shopping, and universities.
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 (203) 673-9272
Listing date Apr 3, 2026
Source Lockandkeyre
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Investment Insights
Based on property information with market context.
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 |