6-Unit Apartment
New
For Sale
$950,000
50 Carleton Avenue, Bridgeport, CT 06604
Six occupied apartments each include a bedroom, living and dining rooms, an eat-in kitchen, and a full bathroom.
Property Size5,304 SF
Price / SF$179.11
Days on Market3
Property Features for 50 Carleton Avenue
General Information
Standard status
Active
Size
5,304 SF
Property subtype
5 Family+
Occupancy
100%
Site & Location
Neighborhood
Brooklawn / St Vincents
Units
Unit Mix
6 x 1BR/1BA
Multifamily Units
6
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$13,955
Building Details
Building Size
5,304 SF
Year Built
1935
Listing Agency:
Compass
Listed By:
The DeLaurentis Team
(203) 429-9877
Source:
Delaurentisteam
Added: Oct 26
Last Checked: Oct 26 at 3:21PM
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 Compass
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Investment Insights
Based on property information with market context.
This 5,304-square-foot apartment building contains six legal residential units and was built in 1935. Each apartment has one bedroom, a living room, a dining room, an eat-in kitchen, and a full bathroom. All six units are currently occupied.
Key Highlights
- Six legal apartments; all units are occupied
- 5,304‑square‑foot building constructed in 1935
- Each unit has one bedroom, living and dining rooms, an eat‑in kitchen, and a full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,390
Cap Rate
6.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,247,800
$1.2M
Cap Rate 7%
$891,286
$891.3K
Cap Rate 9%
$693,222
$693.2K
Market Conditions
NOI Build-Up for 5,304 SF
Gross rent
$119.7K $22.56/SF
− Vacancy
−$6.2K −$1.17/SF
EGI
$113.4K $21.39/SF
− OpEx
−$51.0K −$9.62/SF
NOI
$62.4K $11.76/SF
Area
Bridgeport, CT
Vacancy
5.20%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,247,800
Cap Rate 7%
$891,286
Cap Rate 9%
$693,222
Alternative Uses
Best Use
Apartment 5plus
$891.3K
$779.9K – $1.04M
NOI $62,390 @ 7.0% cap · market cap 6.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.51M
$1.32M – $1.77M
NOI $105,971 @ 7.0% cap · market cap 11.15%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,024
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Six occupied apartments each include a bedroom, living and dining rooms, an eat-in kitchen, and a full bathroom.
Where is this apartment building located?
The property is located at 50 Carleton Avenue Bridgeport, CT.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Six legal apartments; all units are occupied; 5,304‑square‑foot building constructed in 1935; Each unit has one bedroom, living and dining rooms, an eat‑in kitchen, and a full bathroom
