Triplex Multifamily
New
For Sale
$675,000
92 Gem Avenue, Bridgeport, CT 06606
The property contains seven bedrooms and three full bathrooms across its three residential units.
Property Size2,634 SF
Price / SF$256.26
Days on Market2
Property Features for 92 Gem Avenue
General Information
Standard status
Active
Size
2,634 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Brooklawn / St Vincents
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
3
Building Details
Year Built
1902
Listing Agency:
Global Real Estate Services, LLC
Listed By:
Hyacinth Dolor · License #20366
Source:
Foreverhomesrealestate
Added: Oct 24
Last Checked: Oct 24 at 2:39PM
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 Global Real Estate Services, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Bridgeport triplex has three residential units with a combined seven bedrooms and three full bathrooms. The building dates to 1902.
Located at 92 Gem Avenue, the property is described as close to public transit, shopping, and major highways.
Located at 92 Gem Avenue, the property is described as close to public transit, shopping, and major highways.
Key Highlights
- Three‑unit residential property with 7 bedrooms and 3 full bathrooms
- Built in 1902
- Close to public transit, shopping, and major highways
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,134
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$682,680
$682.7K
Cap Rate 7%
$487,629
$487.6K
Cap Rate 9%
$379,267
$379.3K
Market Conditions
NOI Build-Up for 2,634 SF
Gross rent
$52.2K $19.80/SF
− Vacancy
−$3.4K −$1.29/SF
EGI
$48.8K $18.51/SF
− OpEx
−$14.6K −$5.55/SF
NOI
$34.1K $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%
$682,680
Cap Rate 7%
$487,629
Cap Rate 9%
$379,267
Alternative Uses
Best Use
Multifamily LT 5
$487.6K
$426.7K – $568.9K
NOI $34,134 @ 7.0% cap · market cap 5.06%
Second Best
Apartment 5plus
$442.6K
$387.3K – $516.4K
NOI $30,983 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$751.8K
$657.8K – $877.1K
NOI $52,626 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,024
Businesses Nearby
Explore this area
Business Placement
Demographics for 06606, CT
48,427
Population
19,002
Households
2.5
Avg Household Size
36
Median Age
23%
College-Educated
82%
High-School Grad
5.3 sq mi
ZIP Area
9,137
Density / Sq Mi
$68,538
Median Household Income
$35,128
Median Earnings
$1,434
Median Rent
$272,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - The property contains seven bedrooms and three full bathrooms across its three residential units.
Where is this triplex located?
The property is located at 92 Gem Avenue Bridgeport, CT.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Three‑unit residential property with 7 bedrooms and 3 full bathrooms; Built in 1902; Close to public transit, shopping, and major highways
