Triplex with Detached
New
For Sale
$825,000
72-76 Orland Street, Bridgeport, CT 06605
All three apartments are leased, and the property includes off-street parking, a storage shed, and a basement.
Property Size2,898 SF
Days on Market2
Property Features for 72-76 Orland Street
General Information
Standard status
Active
Size
2,898 SF
Property subtype
3 Family
Occupancy
100%
Units
Unit Mix
1 x 2BR
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$10,432
Amenities
stainless steel appliances
finished attic
storage shed
basement
Building Details
Building Size
2,898 SF
Year Built
1917
Tenancy
Multi
Listing Agency:
Berkshire Hathaway NE Prop.
Listed By:
Zachary Braca
(203) 993-4690
Source:
Higginsgroup
Added: Oct 12
Changed: Oct 13
Last Checked: Oct 12 at 9:59PM
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.
Built in 1917, this ORS-zoned triplex contains three leased apartments. The renovated first-floor unit has two bedrooms and an open living and dining area. Stainless steel appliances are present in all three units. The third-floor apartment connects to a finished attic, while a basement provides additional storage.
Outside, the property has off-street parking and a detached two-car garage with attic storage. A separate shed adds another storage area.
Outside, the property has off-street parking and a detached two-car garage with attic storage. A separate shed adds another storage area.
Key Highlights
- All three apartments are leased
- Renovated first‑floor apartment with 2 bedrooms and an open living and dining area
- Stainless steel appliances in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,555
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$751,100
$751.1K
Cap Rate 7%
$536,500
$536.5K
Cap Rate 9%
$417,278
$417.3K
Market Conditions
NOI Build-Up for 2,898 SF
Gross rent
$57.4K $19.80/SF
− Vacancy
−$3.7K −$1.29/SF
EGI
$53.7K $18.51/SF
− OpEx
−$16.1K −$5.55/SF
NOI
$37.6K $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%
$751,100
Cap Rate 7%
$536,500
Cap Rate 9%
$417,278
Alternative Uses
Best Use
Multifamily LT 5
$536.5K
$469.4K – $625.9K
NOI $37,555 @ 7.0% cap · market cap 4.55%
Second Best
Apartment 5plus
$487.0K
$426.1K – $568.2K
NOI $34,089 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$827.2K
$723.8K – $965.0K
NOI $57,901 @ 7.0% cap · market cap 7.02%
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
Location Intelligence
Trade Area within ½ mile
1,140
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 are leased, and the property includes off-street parking, a storage shed, and a basement.
Where is this triplex located?
The property is located at 72-76 Orland Street Bridgeport, CT.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: All three apartments are leased; Renovated first‑floor apartment with 2 bedrooms and an open living and dining area; Stainless steel appliances in each unit
