Three-Story Mixed-Use
743-751 Arctic Street, Bridgeport, CT 06608
For Sale
Contact for pricing
The property combines street-level commercial units with one- and two-bedroom apartments in Bridgeport’s East Side.
Property Size13,392 SF
Lot Size0.12 Acres
Price / SF$134.41
Days on Market52
Property Features for 743-751 Arctic Street
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Building Details
Buildings
Stories
Tenancy
Listing Agency:
Horvath & Tremblay
Listed By:
Dennis Kelleher · License MA #9504385
(781) 776-4002
Source:
Crexi
Added: Sep 22
Changed: Nov 9
Last Checked: Nov 12 at 4:22AM
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 Horvath & Tremblay
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.
This three-story mixed-use property contains three commercial units and eight apartments: four with two bedrooms and one bathroom, and four with one bedroom and one bathroom. Gross living area totals 9,642 square feet within a gross area of 13,392 square feet. The building occupies a 0.12-acre parcel and has on-street parking.
The property is in Bridgeport’s East Side, with access to the downtown business district, neighborhood retail corridors, and surrounding residential areas. Regional road connections include State Street (Route 130), Interstate 95, and Route 8/Route 25, linking the area with Bridgeport, Fairfield County, and the broader New Haven and New York metropolitan areas.
The property is in Bridgeport’s East Side, with access to the downtown business district, neighborhood retail corridors, and surrounding residential areas. Regional road connections include State Street (Route 130), Interstate 95, and Route 8/Route 25, linking the area with Bridgeport, Fairfield County, and the broader New Haven and New York metropolitan areas.
Key Highlights
- Three‑story building with three commercial units and eight apartments
- Four 2‑bedroom/1‑bathroom apartments and four 1‑bedroom/1‑bathroom apartments
- 9,642 square feet of gross living area within 13,392 square feet of gross area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$161,146
Cap Rate
8.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,222,920
$3.2M
Cap Rate 7%
$2,302,086
$2.3M
Cap Rate 9%
$1,790,511
$1.8M
Market Conditions
NOI Build-Up for 13,392 SF
Gross rent
$241.1K $18.00/SF
− Vacancy
−$10.8K −$0.81/SF
EGI
$230.2K $17.19/SF
− OpEx
−$69.1K −$5.16/SF
NOI
$161.1K $12.03/SF
Area
Bridgeport, CT
Vacancy
4.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,222,920
Cap Rate 7%
$2,302,086
Cap Rate 9%
$1,790,511
Alternative Uses
Best Use
Mixed Use
$2.77M
$2.43M – $3.23M
NOI $194,050 @ 7.0% cap · market cap 10.78%
Second Best
Retail
$2.30M
$2.01M – $2.69M
NOI $161,146 @ 7.0% cap · market cap 8.95%
Theoretical Best
Office A
$3.82M
$3.34M – $4.46M
NOI $267,566 @ 7.0% cap · market cap 14.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
8
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,947
Businesses Nearby
Explore this area
Business Placement
Demographics for 06608, CT
14,312
Population
4,915
Households
2.9
Avg Household Size
33
Median Age
7%
College-Educated
67%
High-School Grad
1.0 sq mi
ZIP Area
14,312
Density / Sq Mi
$43,008
Median Household Income
$30,524
Median Earnings
$1,311
Median Rent
$222,900
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Fairfield County, CT
Properties on Market for Mixed-use properties in Fairfield County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines street-level commercial units with one- and two-bedroom apartments in Bridgeport’s East Side.
Where is this mixed-use property located?
The property is located at 743-751 Arctic Street Bridgeport, CT.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Three‑story building with three commercial units and eight apartments; Four 2‑bedroom/1‑bathroom apartments and four 1‑bedroom/1‑bathroom apartments; 9,642 square feet of gross living area within 13,392 square feet of gross area
