Charming Triplex Across Washington
For Sale
$515,000
584 Kossuth Street, Bridgeport, CT 06608
Three-family property in Bridgeport's Historic East Side.
Property Size2,716 SF
Days on Market213
Property Features for 584 Kossuth Street
General Information
Standard status
Active
Size
2,716 SF
Property subtype
3 Family
Taxes and HOA fees
Annual Taxes
$6,778
Building Details
Building Size
2,716 SF
Year Built
1877
Listing Agency:
Lamacchia Realty
Listed By:
Kathy Dattilo
(203) 494-9611
Source:
Higginsgroup
Added: Mar 24
Changed: Oct 8
Last Checked: Oct 21 at 5:55AM
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 Lamacchia Realty
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Investment Insights
Based on property information with market context.
This three-family property is located in the Historic East Side of Bridgeport, directly across from Washington Park. Situated on a tree-lined street, this residence offers a blend of urban convenience and neighborhood appeal. Each of the three units occupies its own floor and includes 2 bedrooms and 1 full bathroom. The first-floor unit is currently available for immediate occupancy or rental. The second and third-floor units are occupied on a month-to-month basis. Units 1 and 3 are equipped with electric hot water tanks, while Unit 2 features a gas tankless, on-demand system. This property is the left-side unit of a well-maintained triplex, presenting an opportunity for both owner-occupants and investors.
Key Highlights
- Prime location directly across from Washington Park in Bridgeport's Historic East Side.
- Spacious living in three separate units, each with 2 bedrooms and 1 full bathroom.
- First‑floor unit is currently vacant, offering immediate occupancy or rental income.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,197
Cap Rate
6.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$703,940
$703.9K
Cap Rate 7%
$502,814
$502.8K
Cap Rate 9%
$391,078
$391.1K
Market Conditions
NOI Build-Up for 2,716 SF
Gross rent
$53.8K $19.80/SF
− Vacancy
−$3.5K −$1.29/SF
EGI
$50.3K $18.51/SF
− OpEx
−$15.1K −$5.55/SF
NOI
$35.2K $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%
$703,940
Cap Rate 7%
$502,814
Cap Rate 9%
$391,078
Alternative Uses
Best Use
Multifamily LT 5
$502.8K
$440.0K – $586.6K
NOI $35,197 @ 7.0% cap · market cap 6.83%
Second Best
Apartment 5plus
$456.4K
$399.4K – $532.5K
NOI $31,948 @ 7.0% cap · market cap 6.20%
Theoretical Best
Office A
$775.2K
$678.3K – $904.4K
NOI $54,264 @ 7.0% cap · market cap 10.54%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,656
Businesses Nearby
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Business Placement
Demographics for 06608, CT
14,312
Population
4,915
Households
2.9
Avg Household Size
33
Median Age
7%
College-Educated
67%
High-School Grad
1.0 sq mi
ZIP Area
14,312
Density / Sq Mi
$43,008
Median Household Income
$30,524
Median Earnings
$1,311
Median Rent
$222,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three-family property in Bridgeport's Historic East Side.
Where is this triplex located?
The property is located at 584 Kossuth Street Bridgeport, CT.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Prime location directly across from Washington Park in Bridgeport's Historic East Side.; Spacious living in three separate units, each with 2 bedrooms and 1 full bathroom.; First‑floor unit is currently vacant, offering immediate occupancy or rental income.
