Three-Story Mixed-Use
New
For Sale
Contact for pricing
743-751 Arctic Street, Bridgeport, CT 06608
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 Market6
Property Features for 743-751 Arctic Street
General Information
Standard status
Active
Size
13,392 SF
Lot size
0.12 Acres
Property subtype
Retail, Multifamily
Units
Unit Mix
4 x 2BR/1BA, 4 x 1BR/1BA
Multifamily Units
8
Additional Details
Highway Access
Yes
Building Details
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
Horvath & Tremblay
Listed By:
Dennis Kelleher · License #MA 9504385
(781) 776-4002
Source:
Crexi
Added: Sep 22
Changed: Sep 24
Last Checked: Sep 26 at 7:20AM
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
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 = 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
$161,146
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
8.95%
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%
$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
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
$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 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%
$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.
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
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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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
