3-Unit Multifamily
New
For Sale
$849,000
58-60 Scofield Avenue, Bridgeport, CT 06605
All three apartments have in-unit laundry, and the building has separate natural gas and electric utilities.
Property Size3,361 SF
Days on Market5
Property Features for 58-60 Scofield Avenue
General Information
Standard status
Active
Size
3,361 SF
Property subtype
3 Family
Occupancy
100%
Additional Details
Utilities to Site
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$13,628
Amenities
in-unit laundry
covered front porch
Building Details
Building Size
3,361 SF
Year Built
1921
Buildings
1
Tenancy
Multi
Listing Agency:
William Raveis Real Estate
Listed By:
Kaitlyn Walsh · License #RES.0797747
(203) 231-1950
Source:
Higginsgroup
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 11 at 11:15AM
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 William Raveis Real Estate
Investment Insights
Based on property information with market context.
Built in 1921, this three-apartment property includes a three-bedroom first-floor unit, a two-bedroom second-floor unit, and a flexible third-floor layout with one to two bedrooms. Apartment features include updated kitchens and bathrooms, laundry, and storage; the second-floor unit also has access to a covered front porch. The building has a full basement, a detached two-car garage, off-street parking, and a fenced gravel area for outdoor storage. Vinyl siding and crushed-stone landscaping complete the exterior. The property is fully occupied, with separate natural gas and electric utilities.
The property at 58-60 Scofield Avenue is a half-block walk from shopping, restaurants, and everyday services on Fairfield Avenue. St. Mary's By the Sea is a short drive or bike ride away.
The property at 58-60 Scofield Avenue is a half-block walk from shopping, restaurants, and everyday services on Fairfield Avenue. St. Mary's By the Sea is a short drive or bike ride away.
Key Highlights
- Three apartments with one-, two-, and three‑bedroom configurations; the third‑floor layout offers one to two bedrooms
- Detached two‑car garage, off‑street parking, and fenced gravel outdoor storage area
- Full basement and separate natural gas and electric utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,556
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$871,120
$871.1K
Cap Rate 7%
$622,229
$622.2K
Cap Rate 9%
$483,956
$484.0K
Market Conditions
NOI Build-Up for 3,361 SF
Gross rent
$66.5K $19.80/SF
− Vacancy
−$4.3K −$1.29/SF
EGI
$62.2K $18.51/SF
− OpEx
−$18.7K −$5.55/SF
NOI
$43.6K $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%
$871,120
Cap Rate 7%
$622,229
Cap Rate 9%
$483,956
Alternative Uses
Best Use
Multifamily LT 5
$622.2K
$544.5K – $725.9K
NOI $43,556 @ 7.0% cap · market cap 5.13%
Second Best
Apartment 5plus
$564.8K
$494.2K – $658.9K
NOI $39,535 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$959.3K
$839.4K – $1.12M
NOI $67,151 @ 7.0% cap · market cap 7.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,340
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 - All three apartments have in-unit laundry, and the building has separate natural gas and electric utilities.
Where is this triplex located?
The property is located at 58-60 Scofield Avenue Bridgeport, CT.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Three apartments with one-, two-, and three‑bedroom configurations; the third‑floor layout offers one to two bedrooms; Detached two‑car garage, off‑street parking, and fenced gravel outdoor storage area; Full basement and separate natural gas and electric utilities
