Triplex with
New
For Sale
$649,000
797-799 Beechwood Avenue, Bridgeport, CT 06605
Multi-Family For Sale, Units on different Floors,3updown - Unit(s) per Floor, Bridgeport, CT
Property Size3,652 SF
Lot Size0.10 Acres
Price / SF$177.71
Days on Market2
Property Features for 797-799 Beechwood Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RC
Bedrooms
8
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 6, Bedroom 1, Bathroom 2, Bathroom 3, Bedroom 8, Bedroom 2, Bathroom 1, Bedroom 3, Bedroom 4, Bedroom 7, Basement, Bedroom 5
Parking
2
Patio and Porch features
Porch
Exterior features
Porch
Basement
Full, Unfinished
Lot features
Level Lot
Elementary school
Per Board of Ed
High school
Per Board of Ed
Directions
GPS Friendly
Standard status
Active
Size
3,652 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7517
Utilities
Sewer type
Public Sewer
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1897
Architectural style
Other
Listing Agency:
RE/MAX Heritage · RE/MAX International
(203) 254-7555
Listed By:
Noor Ahmed
(203) 428-5962
Added: Sep 2
Last Checked: Sep 3 at 6:06AM
MLS# 24201530
Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3-unit triplex contains 3,652 square feet on a 0.1-acre lot, with units arranged across separate floors. The room count includes 8 bedrooms, 3 bathrooms, and a basement. A porch is included among the exterior features, while cooling is provided by window unit(s). Built in 1897, the property is zoned RC.
The property is located at 797-799 Beechwood Avenue in Bridgeport, Connecticut, within Fairfield County. Public water and public sewer serve the property, providing established utility infrastructure for its multifamily use.
The property is located at 797-799 Beechwood Avenue in Bridgeport, Connecticut, within Fairfield County. Public water and public sewer serve the property, providing established utility infrastructure for its multifamily use.
Key Highlights
- 3‑unit triplex with 3,652 square feet of property size
- 8 bedrooms, 3 bathrooms, and a basement
- 0.1‑acre lot at 797‑799 Beechwood Avenue
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 - Three residential units provide a multifamily configuration with public water, public sewer, and porch features.
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: 3‑unit triplex with 3,652 square feet of property size; 8 bedrooms, 3 bathrooms, and a basement; 0.1‑acre lot at 797‑799 Beechwood Avenue
