Three-Unit Multifamily
New
For Sale
$649,000
797-799 Beechwood Avenue, Bridgeport, CT 06605
Built in 1897 with layouts suited to rental or owner-occupant use.
Property Size3,652 SF
Days on Market4
Property Features for 797-799 Beechwood Avenue
General Information
Standard status
Active
Size
3,652 SF
Property subtype
3 Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$7,517
Building Details
Building Size
3,652 SF
Year Built
1897
Listing Agency:
RE/MAX Heritage
Listed By:
Noor Ahmed
(203) 428-5962
Source:
Higginsgroup
Added: Sep 4
Changed: Sep 6
Last Checked: Sep 6 at 9:04AM
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 RE/MAX Heritage
Investment Insights
Based on property information with market context.
This three-family multifamily property at 797-799 Beechwood Avenue offers separate residential units within a building constructed in 1897. The configuration supports continued rental use or an owner-occupant arrangement with additional household income from the remaining units.
The property is in Bridgeport, Connecticut, with access to public transportation, major highways, downtown Bridgeport, and local amenities. Its three-unit structure provides a straightforward format for residential income ownership, subject to the buyer’s review of unit details, condition, and operating information.
The property is in Bridgeport, Connecticut, with access to public transportation, major highways, downtown Bridgeport, and local amenities. Its three-unit structure provides a straightforward format for residential income ownership, subject to the buyer’s review of unit details, condition, and operating information.
Key Highlights
- Three‑family property at 797‑799 Beechwood Avenue
- Building constructed in 1897
- Three residential units support rental or owner‑occupant use
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
$47,327
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
7.29%
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%
$946,540
$946.5K
Cap Rate 7%
$676,100
$676.1K
Cap Rate 9%
$525,856
$525.9K
Market Conditions
NOI Build-Up for 3,652 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
$72.3K $19.80/SF
− Vacancy
−$4.7K −$1.29/SF
EGI
$67.6K $18.51/SF
− OpEx
−$20.3K −$5.55/SF
NOI
$47.3K $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%
$946,540
Cap Rate 7%
$676,100
Cap Rate 9%
$525,856
Alternative Uses
Best Use
Multifamily LT 5
$676.1K
$591.6K – $788.8K
NOI $47,327 @ 7.0% cap · market cap 7.29%
Second Best
Apartment 5plus
$613.7K
$537.0K – $716.0K
NOI $42,958 @ 7.0% cap · market cap 6.62%
Theoretical Best
Office A
$1.04M
$912.1K – $1.22M
NOI $72,965 @ 7.0% cap · market cap 11.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,090
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Built in 1897 with layouts suited to rental or owner-occupant use.
Where is this triplex located?
The property is located at 797-799 Beechwood Avenue Bridgeport, CT.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Three‑family property at 797‑799 Beechwood Avenue; Building constructed in 1897; Three residential units support rental or owner‑occupant use
