Three-Unit Multifamily
For Sale
$629,000
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 Market49
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 · License #RES.0817472
(203) 428-5962
Source:
Higginsgroup
Added: Sep 4
Changed: Oct 15
Last Checked: Oct 21 at 5:40AM
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
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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 / Yr
$47,327
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
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
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 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 7.52%
Second Best
Apartment 5plus
$613.7K
$537.0K – $716.0K
NOI $42,958 @ 7.0% cap · market cap 6.83%
Theoretical Best
Office A
$1.04M
$912.1K – $1.22M
NOI $72,965 @ 7.0% cap · market cap 11.60%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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 $629,000.
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
