Triplex with Third-Floor Accessory
576-78 Midland St, Bridgeport, CT 06605
For Sale
$599,900
Three-unit home with fireplaces and dining areas, including a third-floor accessory apartment.
Property Size3,166 SF
Price / SF$189.48
Days on Market102
Property Features for 576-78 Midland St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Amenities
fireplaces
porches
Building Details
Year Built
Buildings
Stories
Tenancy
Listing Agency:
Berkshire Hathaway NE Prop.
Listed By:
John Kleps
(203) 258-8733
Source:
Homesbyshoshana
Added: Jul 29
Changed: Oct 25
Last Checked: Oct 7 at 5:16PM
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 Berkshire Hathaway NE Prop.
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Investment Insights
Based on property information with market context.
This legal two-family home includes a third-floor accessory apartment, creating a three-unit layout within the same structure. The first and second floor apartments each feature large living rooms with fireplaces and a dining area, along with two bedrooms. One bedroom on the upper level has access to an additional third bedroom/nursery or home office. A basement is included with a freezer, washer, and dryer, along with other listed appliances.
The property at 576-78 Midland St, Bridgeport, CT 06605 is within walking distance to the Black Rock Train Station, restaurants, pubs, music venues, waterfront social clubs, and St. Mary’s By The Sea, and it is minutes to I-95. The property is sold in “As Is” condition.
Noted condition items include fireplaces that need liners, exterior paint needs, and masonry repair needed for the front and back porches. A new garage door has been ordered. The home was built in 1957.
The property at 576-78 Midland St, Bridgeport, CT 06605 is within walking distance to the Black Rock Train Station, restaurants, pubs, music venues, waterfront social clubs, and St. Mary’s By The Sea, and it is minutes to I-95. The property is sold in “As Is” condition.
Noted condition items include fireplaces that need liners, exterior paint needs, and masonry repair needed for the front and back porches. A new garage door has been ordered. The home was built in 1957.
Key Highlights
- Legal two‑family home with a third‑floor accessory apartment
- First and second floors include large living rooms with fireplaces and a dining area
- Upper‑level bedroom provides access to a third bedroom/nursery or home office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,029
Cap Rate
6.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$820,580
$820.6K
Cap Rate 7%
$586,129
$586.1K
Cap Rate 9%
$455,878
$455.9K
Market Conditions
NOI Build-Up for 3,166 SF
Gross rent
$62.7K $19.80/SF
− Vacancy
−$4.1K −$1.29/SF
EGI
$58.6K $18.51/SF
− OpEx
−$17.6K −$5.55/SF
NOI
$41.0K $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%
$820,580
Cap Rate 7%
$586,129
Cap Rate 9%
$455,878
Alternative Uses
Best Use
Multifamily LT 5
$586.1K
$512.9K – $683.8K
NOI $41,029 @ 7.0% cap · market cap 6.84%
Second Best
Apartment 5plus
$532.0K
$465.5K – $620.7K
NOI $37,241 @ 7.0% cap · market cap 6.21%
Theoretical Best
Office A
$903.6K
$790.7K – $1.05M
NOI $63,255 @ 7.0% cap · market cap 10.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
961
Businesses Nearby
Explore this area
Business Placement
Demographics for 06605, CT
23,867
Population
10,799
Households
2.2
Avg Household Size
35
Median Age
33%
College-Educated
80%
High-School Grad
2.3 sq mi
ZIP Area
10,377
Density / Sq Mi
$59,673
Median Household Income
$40,276
Median Earnings
$1,423
Median Rent
$273,100
Median Home Value
Market
Average Price Trend$/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-unit home with fireplaces and dining areas, including a third-floor accessory apartment.
Where is this triplex located?
The property is located at 576-78 Midland St Bridgeport, CT.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Legal two‑family home with a third‑floor accessory apartment; First and second floors include large living rooms with fireplaces and a dining area; Upper‑level bedroom provides access to a third bedroom/nursery or home office
