Triplex with Third-Floor Accessory
New
For Sale
$599,900
576-78 Midland St, Bridgeport, CT 06605
Three-unit home with fireplaces and dining areas, including a third-floor accessory apartment.
Days on Market4
Property Features for 576-78 Midland St
General Information
Standard status
Active
Property subtype
Multi Family
Additional Details
Highway Access
Yes
Amenities
fireplaces
porches
Building Details
Building Size
3,166 SF
Year Built
1957
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
Berkshire Hathaway NE Prop.
(203) 258-8733
Listed By:
John Kleps
(203) 258-8733
Source:
Elliman
Added: Jul 29
Changed: Jul 31
Last Checked: Jul 31 at 5:47AM
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.
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 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 | $62.7k | $19.80 |
| − Vacancy | −$4.1k | −$1.29 |
| EGI | $58.6k | $18.51 |
| − OpEx | −$17.6k | −$5.55 |
| NOI | $41.0k | $12.96 |
3,166 SF · lease $19.80/SF/yr · vacancy 6.50% · expense 30.00%
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.
Property Analytics
Current Use
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
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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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
