Bridgeport Multifamily Investment
For Sale
$569,000
727 Iranistan Ave, Bridgeport, CT 06605
Multifamily property in Bridgeport's West Side with income potential.
Property Size3,271 SF
Days on Market142
Property Features for 727 Iranistan Ave
General Information
Standard status
Active
Size
3,271 SF
Property subtype
Multi Family
Building Details
Building Size
3,271 SF
Year Built
1897
Listing Agency:
YellowBrick Real Estate LLC
(475) 266-0628
Listed By:
Samahre Aidibe
(475) 266-0628
Source:
Elliman
Added: Apr 12
Changed: Aug 8
Last Checked: Aug 25 at 3:40AM
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 YellowBrick Real Estate LLC
Investment Insights
Based on property information with market context.
Located in the West Side of Bridgeport, 727 Iranistan Avenue presents a multifamily investment opportunity with income potential. The property offers layouts designed for everyday living, featuring ample space and natural light. The configuration supports management, with separate utilities. The property includes off-street parking and outdoor space. Its central location provides access to local shops, restaurants, public transit, and commuter routes. The property is positioned to capitalize on the demand for rental housing in Bridgeport. The location has a bike score of 63, indicating it is bikeable, a walk score of 81, indicating it is very walkable, and a transit score of 47, indicating some transit options are available. The property can be delivered vacant.
Key Highlights
- Strong income potential and long‑term upside in a desirable location.
- Convenient central location near shops, restaurants, public transit, and major commuter routes.
- Property can be delivered vacant.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,476
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.76%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$769,520
$769.5K
Cap Rate 7%
$549,657
$549.7K
Cap Rate 9%
$427,511
$427.5K
Market Conditions
NOI Build-Up for 3,271 SF
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.
Gross rent
$73.8K $22.56/SF
− Vacancy
−$3.8K −$1.17/SF
EGI
$70.0K $21.39/SF
− OpEx
−$31.5K −$9.62/SF
NOI
$38.5K $11.76/SF
Area
Bridgeport, CT
Vacancy
5.20%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$769,520
Cap Rate 7%
$549,657
Cap Rate 9%
$427,511
Alternative Uses
Best Use
Apartment 5plus
$549.7K
$481.0K – $641.3K
NOI $38,476 @ 7.0% cap · market cap 6.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$933.6K
$816.9K – $1.09M
NOI $65,353 @ 7.0% cap · market cap 11.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,854
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?
Multifamily property - Multifamily property in Bridgeport's West Side with income potential.
Where is this multifamily property located?
The property is located at 727 Iranistan Ave Bridgeport, CT.
What is the asking price?
The asking price for this property is $569,000.
What are key features of this property?
This property features: Strong income potential and long‑term upside in a desirable location.; Convenient central location near shops, restaurants, public transit, and major commuter routes.; Property can be delivered vacant.
