Three-Unit Residential Income
New
For Sale
$570,000
73 Yale, Bridgeport, CT 06605
Three separate apartments offer a mix of two- and one-bedroom layouts, with a basement and level lot.
Property Size1,900 SF
Days on Market3
Property Features for 73 Yale
General Information
Standard status
Active
Size
1,900 SF
Property subtype
3 Family
Lease Term
Listing ID: 24213646, Standard Status: Active, MLS Status: Active, Property Subtype: 3 Family, 1 day on market
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Building Details
Building Size
1,900 SF
Year Built
1900
Listing Agency:
Whitestone Real Estate Group
(203) 307-5064
Listed By:
Jose Cuahuizo · License #RES.0820051
(203) 400-8895
Source:
Iverty
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 14 at 7:41PM
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 Whitestone Real Estate Group
Investment Insights
Based on property information with market context.
This three-unit residential property contains 5 bedrooms and 3 full bathrooms. The first- and second-floor apartments each have 2 bedrooms and 1 full bathroom; the third-floor unit has 1 bedroom and 1 full bathroom. A full basement and level lot are also part of the property. Built in 1900, the building is zoned NX1.
The property is at 73 Yale Street in Bridgeport, Connecticut, with access to shopping, dining, public transportation, and major highways.
The property is at 73 Yale Street in Bridgeport, Connecticut, with access to shopping, dining, public transportation, and major highways.
Key Highlights
- Three units with a total of 5 bedrooms and 3 full bathrooms
- First- and second‑floor apartments each have 2 bedrooms and 1 full bathroom
- Third‑floor apartment has 1 bedroom and 1 full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,622
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$492,440
$492.4K
Cap Rate 7%
$351,743
$351.7K
Cap Rate 9%
$273,578
$273.6K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$37.6K $19.80/SF
− Vacancy
−$2.4K −$1.29/SF
EGI
$35.2K $18.51/SF
− OpEx
−$10.6K −$5.55/SF
NOI
$24.6K $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%
$492,440
Cap Rate 7%
$351,743
Cap Rate 9%
$273,578
Alternative Uses
Best Use
Multifamily LT 5
$351.7K
$307.8K – $410.4K
NOI $24,622 @ 7.0% cap · market cap 4.32%
Second Best
Apartment 5plus
$319.3K
$279.4K – $372.5K
NOI $22,349 @ 7.0% cap · market cap 3.92%
Theoretical Best
Office A
$542.3K
$474.5K – $632.7K
NOI $37,961 @ 7.0% cap · market cap 6.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,383
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three separate apartments offer a mix of two- and one-bedroom layouts, with a basement and level lot.
Where is this triplex located?
The property is located at 73 Yale Bridgeport, CT.
What is the asking price?
The asking price for this property is $570,000.
What are key features of this property?
This property features: Three units with a total of 5 bedrooms and 3 full bathrooms; First- and second‑floor apartments each have 2 bedrooms and 1 full bathroom; Third‑floor apartment has 1 bedroom and 1 full bathroom
