3-Unit Triplex with Private
48-50 Park Terrace, Bridgeport, CT 06604
For Sale
New
$739,000
Three residential units include eat-in kitchens, with additional usable space in the partially finished basement.
Property Size3,172 SF
Price / SF$232.98
Days on Market5
Property Features for 48-50 Park Terrace
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Public Transit
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
eat-in kitchens
partially finished basement
storage
front porch
private driveway with off-street parking
fenced backyard
patio
Building Details
Building Size
Year Built
Listing Agency:
YellowBrick Real Estate LLC
Listed By:
Katheryn Peralta · License #820896
(917) 714-4597
Source:
Higginsgroup
Added: Nov 3
Changed: Nov 7
Last Checked: Nov 6 at 2:58PM
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 YellowBrick Real Estate LLC
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Investment Insights
Based on property information with market context.
At 48-50 Park Terrace in Bridgeport, this 1909 triplex contains three residential units across approximately 3,172 square feet. Each unit has living areas and an eat-in kitchen, while flexible layouts provide varied room arrangements. A full basement is partially finished and offers additional usable area and storage.
Exterior features include a front porch, a private driveway with off-street parking, and a fenced backyard with a patio. The property is near the University of Bridgeport and Seaside Park, with shopping, restaurants, public transportation, major highways, and the Bridgeport ferry among the nearby amenities.
Exterior features include a front porch, a private driveway with off-street parking, and a fenced backyard with a patio. The property is near the University of Bridgeport and Seaside Park, with shopping, restaurants, public transportation, major highways, and the Bridgeport ferry among the nearby amenities.
Key Highlights
- Three residential units in approximately 3,172 square feet
- Built in 1909
- Eat‑in kitchens and flexible unit layouts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,106
Cap Rate
5.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$822,120
$822.1K
Cap Rate 7%
$587,229
$587.2K
Cap Rate 9%
$456,733
$456.7K
Market Conditions
NOI Build-Up for 3,172 SF
Gross rent
$62.8K $19.80/SF
− Vacancy
−$4.1K −$1.29/SF
EGI
$58.7K $18.51/SF
− OpEx
−$17.6K −$5.55/SF
NOI
$41.1K $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%
$822,120
Cap Rate 7%
$587,229
Cap Rate 9%
$456,733
Alternative Uses
Best Use
Multifamily LT 5
$587.2K
$513.8K – $685.1K
NOI $41,106 @ 7.0% cap · market cap 5.56%
Second Best
Apartment 5plus
$533.0K
$466.4K – $621.9K
NOI $37,312 @ 7.0% cap · market cap 5.05%
Theoretical Best
Office A
$905.4K
$792.2K – $1.06M
NOI $63,375 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
918
Businesses Nearby
Explore this area
Business Placement
Demographics for 06604, CT
30,003
Population
12,972
Households
2.3
Avg Household Size
35
Median Age
29%
College-Educated
74%
High-School Grad
3.2 sq mi
ZIP Area
9,376
Density / Sq Mi
$45,794
Median Household Income
$34,706
Median Earnings
$1,419
Median Rent
$231,300
Median Home Value
Market
Average Price Trend$/SF for Triplexes in Bridgeport, CT
Properties on Market for Triplexes in Bridgeport
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units include eat-in kitchens, with additional usable space in the partially finished basement.
Where is this triplex located?
The property is located at 48-50 Park Terrace Bridgeport, CT.
What is the asking price?
The asking price for this property is $739,000.
What are key features of this property?
This property features: Three residential units in approximately 3,172 square feet; Built in 1909; Eat‑in kitchens and flexible unit layouts
