Three-Family Residential
65-69 Smith, Bridgeport, CT 06607
For Sale
New
$650,000
A legal three-unit building has established occupants in all units.
Property Size1,915 SF
Days on Market7
Property Features for 65-69 Smith
General Information
Standard status
Size
Property subtype
Occupancy
Lease Term
Site & Location
Neighborhood
Highway Access
Public Transit
Additional Details
Multifamily Units
Tenant in Place
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
Coldwell Banker Realty
(203) 795-6000
Listed By:
Arta Sevrani · License #RES.0815760
(203) 308-6901
Source:
Iverty
Added: Nov 1
Changed: Nov 6
Last Checked: Nov 6 at 9:04AM
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 Coldwell Banker Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1915, this legal three-family residential property contains three units, all currently occupied by long-term tenants. The property is being sold as-is.
The building is located in Bridgeport, near major highways, public transportation, shopping, and schools.
The building is located in Bridgeport, near major highways, public transportation, shopping, and schools.
Key Highlights
- Legal three‑family property with three currently occupied units
- Long‑term tenants in place across all three units
- Built in 1915
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,817
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$496,340
$496.3K
Cap Rate 7%
$354,529
$354.5K
Cap Rate 9%
$275,744
$275.7K
Market Conditions
NOI Build-Up for 1,915 SF
Gross rent
$37.9K $19.80/SF
− Vacancy
−$2.5K −$1.29/SF
EGI
$35.5K $18.51/SF
− OpEx
−$10.6K −$5.55/SF
NOI
$24.8K $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%
$496,340
Cap Rate 7%
$354,529
Cap Rate 9%
$275,744
Alternative Uses
Best Use
Multifamily LT 5
$354.5K
$310.2K – $413.6K
NOI $24,817 @ 7.0% cap · market cap 3.82%
Second Best
Apartment 5plus
$321.8K
$281.6K – $375.4K
NOI $22,526 @ 7.0% cap · market cap 3.47%
Theoretical Best
Office A
$546.6K
$478.3K – $637.7K
NOI $38,261 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
698
Businesses Nearby
Explore this area
Business Placement
Demographics for 06607, CT
8,690
Population
2,696
Households
3.2
Avg Household Size
33
Median Age
7%
College-Educated
75%
High-School Grad
1.2 sq mi
ZIP Area
7,242
Density / Sq Mi
$49,555
Median Household Income
$32,000
Median Earnings
$1,398
Median Rent
$218,500
Median Home Value
Market
Average Price Trend$/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 - A legal three-unit building has established occupants in all units.
Where is this triplex located?
The property is located at 65-69 Smith Bridgeport, CT.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Legal three‑family property with three currently occupied units; Long‑term tenants in place across all three units; Built in 1915
