3-Unit Triplex with Full
New
For Sale
$649,900
438 Hollister Ave, Bridgeport, CT 06607
The first-floor residence has separate living and dining rooms, while the top-floor unit includes a private side entrance.
Property Size3,021 SF
Days on Market2
Property Features for 438 Hollister Ave
General Information
Standard status
Active
Size
3,021 SF
Property subtype
Multi Family
Building Details
Building Size
3,021 SF
Year Built
1912
Listed By:
Sherina C. Baker
(203) 815-7586
Source:
Elliman
Added: Oct 7
Last Checked: Oct 7 at 2:16PM
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 Sherina C. Baker
Investment Insights
Based on property information with market context.
This 3,021-square-foot triplex, built in 1912, contains three separate residences with bedroom space and defined living areas. A full basement provides storage. The first-floor unit has distinct living and dining rooms; the third-floor residence is accessed through a private side entrance and has an in-unit laundry hookup. The property sits on a level lot and is served by public water and sewer, with natural-gas heating.
Shopping, dining, public transportation, and major routes are nearby. The property’s configuration includes separate living units, basement storage, and distinct features on the first and third floors.
Shopping, dining, public transportation, and major routes are nearby. The property’s configuration includes separate living units, basement storage, and distinct features on the first and third floors.
Key Highlights
- Three units within approximately 3,021 square feet
- Built in 1912 on a level lot
- Full basement for storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,149
Cap Rate
6.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$782,980
$783.0K
Cap Rate 7%
$559,271
$559.3K
Cap Rate 9%
$434,989
$435.0K
Market Conditions
NOI Build-Up for 3,021 SF
Gross rent
$59.8K $19.80/SF
− Vacancy
−$3.9K −$1.29/SF
EGI
$55.9K $18.51/SF
− OpEx
−$16.8K −$5.55/SF
NOI
$39.1K $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%
$782,980
Cap Rate 7%
$559,271
Cap Rate 9%
$434,989
Alternative Uses
Best Use
Multifamily LT 5
$559.3K
$489.4K – $652.5K
NOI $39,149 @ 7.0% cap · market cap 6.02%
Second Best
Apartment 5plus
$507.6K
$444.2K – $592.3K
NOI $35,535 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office A
$862.3K
$754.5K – $1.01M
NOI $60,358 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
978
Businesses Nearby
Explore this area
Business Placement
Demographics for 06607, CT
8,690
Population
2,696
Households
3.2
Avg Household Size
33
Median Age
7%
College-Educated
75%
High-School Grad
1.2 sq mi
ZIP Area
7,242
Density / Sq Mi
$49,555
Median Household Income
$32,000
Median Earnings
$1,398
Median Rent
$218,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - The first-floor residence has separate living and dining rooms, while the top-floor unit includes a private side entrance.
Where is this triplex located?
The property is located at 438 Hollister Ave Bridgeport, CT.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Three units within approximately 3,021 square feet; Built in 1912 on a level lot; Full basement for storage
