Building Details

Year Built 1897

Listing Agency: YellowBrick Real Estate LLC r***@gmail.com Show Phone

Listed By: Samahre Aidibe · License #RES.0830655 Show Phone

Source: Lockandkeyre

Added: Apr 10 Changed: Oct 15 Last Checked: Oct 14 at 11:59PM

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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

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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 / Yr

$38,476

Cap Rate

7.62%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$769,520 $769.5K

Cap Rate 7%

$549,657 $549.7K

Cap Rate 9%

$427,511 $427.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,271 SF

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 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 (±1% cap)

NOI $38,476 @ 7.0% cap · market cap 7.62%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$933.6K

$816.9K – $1.09M (±1% cap)

NOI $65,353 @ 7.0% cap · market cap 12.94%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Locksmith (Bike/Boat/Book/etc) Store Florist Acupuncture Pet Store Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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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 Bridgeport, CT.

What is the asking price?

The asking price for this property is $505,000.

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.