Fully Renovated
For Sale
$1,100,000
755 Ogden Street, Bridgeport, CT 06608
Turnkey four-family property with renovated 3- and 4-bedroom apartments and tenant-paid utilities.
Property Size4,659 SF
Price / SF$236.10
Days on Market71
Property Features for 755 Ogden Street
General Information
Standard status
Active
Size
4,659 SF
Property subtype
4 Family
Additional Details
Multifamily Units
4
Building Details
Year Built
1897
Tenancy
Multi
Listing Agency:
Baldwin Pearson & Co., Inc
Listed By:
Daniel Shawah · License #RES.0829215
(203) 521-6348
Source:
Lockandkeyre
Added: Jun 29
Changed: Sep 6
Last Checked: Sep 6 at 6:19AM
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 Baldwin Pearson & Co., Inc
Investment Insights
Based on property information with market context.
755 Ogden Street is a fully renovated four-family residential income property offering a unit mix of spacious 3- and 4-bedroom apartments. The interiors have been updated and the building is presented in turnkey condition.
According to the information provided, tenants are responsible for all utilities, supporting minimal operating expenses. The property is described as being on Bridgeport’s East Side near major transportation routes, shopping, schools, and employment centers.
This quadplex configuration is designed to appeal to renters seeking larger living spaces, with an emphasis on strong rental demand and long-term cash flow potential based on the stated tenant-paid utilities and updated condition.
According to the information provided, tenants are responsible for all utilities, supporting minimal operating expenses. The property is described as being on Bridgeport’s East Side near major transportation routes, shopping, schools, and employment centers.
This quadplex configuration is designed to appeal to renters seeking larger living spaces, with an emphasis on strong rental demand and long-term cash flow potential based on the stated tenant-paid utilities and updated condition.
Key Highlights
- Fully renovated four‑family property built in 1897
- Unit mix includes spacious 3- and 4‑bedroom apartments
- Tenants are responsible for all utilities
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
$60,376
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
5.49%
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%
$1,207,520
$1.2M
Cap Rate 7%
$862,514
$862.5K
Cap Rate 9%
$670,844
$670.8K
Market Conditions
NOI Build-Up for 4,659 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
$92.2K $19.80/SF
− Vacancy
−$6.0K −$1.29/SF
EGI
$86.3K $18.51/SF
− OpEx
−$25.9K −$5.55/SF
NOI
$60.4K $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 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%
$1,207,520
Cap Rate 7%
$862,514
Cap Rate 9%
$670,844
Alternative Uses
Best Use
Multifamily LT 5
$862.5K
$754.7K – $1.01M
NOI $60,376 @ 7.0% cap · market cap 5.49%
Second Best
Apartment 5plus
$782.9K
$685.0K – $913.4K
NOI $54,803 @ 7.0% cap · market cap 4.98%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $93,085 @ 7.0% cap · market cap 8.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,890
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?
Quadplex - Turnkey four-family property with renovated 3- and 4-bedroom apartments and tenant-paid utilities.
Where is this quadplex located?
The property is located at 755 Ogden Street Bridgeport, CT.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Fully renovated four‑family property built in 1897; Unit mix includes spacious 3- and 4‑bedroom apartments; Tenants are responsible for all utilities
