Well-Maintained Multifamily Property Near Steelpointe
For Sale
$625,000
Pending
98-100 Carroll Avenue, Bridgeport, CT 06607
Three-family house near Steelpointe Harbor, ideal for investors or owner-occupants.
Property Size3,183 SF
Days on Market209
Property Features for 98-100 Carroll Avenue
General Information
Standard status
Pending
Size
3,183 SF
Property subtype
Multi-Family / 3 Family
Zoning
ILI
Taxes and HOA fees
Annual Taxes
$7,115
Amenities
No
Hot Air
12
Ceiling Fans, Window Unit
Not Applicable
Building Details
Year Built
1917
Listing Agency:
Jason Mitchell Real Estate Connecticut LLC
Listed By:
Velma Taylor · License #RES.0805355
(203) 260-9300
Source:
Compass
Added: Mar 19
Changed: Aug 8
Last Checked: Aug 8 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 Jason Mitchell Real Estate Connecticut LLC
Investment Insights
Based on property information with market context.
This well-maintained three-family house is located minutes from Steelpointe Harbor. The first and second floors each feature a living room, dining room, two bedrooms, and a bathroom. The third floor includes one bedroom and a bathroom. This multifamily property is suitable for investors looking to expand their portfolio or for owner-occupants. The property is being sold as-is and is currently tenant-occupied. The second-floor tenant will vacate upon the sale of the property. The first and third-floor tenants will remain with the property. The property size is 3183 square feet.
Key Highlights
- Located minutes away from Steelpointe Harbor.
- Three‑family house, suitable for investors or owner‑occupants.
- Second floor tenant will move out upon sale, providing immediate occupancy.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,249
Cap Rate
6.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$824,980
$825.0K
Cap Rate 7%
$589,271
$589.3K
Cap Rate 9%
$458,322
$458.3K
Market Conditions
NOI Build-Up for 3,183 SF
Gross rent
$63.0K $19.80/SF
− Vacancy
−$4.1K −$1.29/SF
EGI
$58.9K $18.51/SF
− OpEx
−$17.7K −$5.55/SF
NOI
$41.2K $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%
$824,980
Cap Rate 7%
$589,271
Cap Rate 9%
$458,322
Alternative Uses
Best Use
Multifamily LT 5
$589.3K
$515.6K – $687.5K
NOI $41,249 @ 7.0% cap · market cap 6.60%
Second Best
Apartment 5plus
$534.9K
$468.0K – $624.0K
NOI $37,441 @ 7.0% cap · market cap 5.99%
Theoretical Best
Office A
$908.5K
$794.9K – $1.06M
NOI $63,595 @ 7.0% cap · market cap 10.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
825
Businesses Nearby
Explore this area
Business Placement
Demographics for 06607, CT
8,690
Population
2,696
Households
3.2
Avg Household Size
33
Median Age
7%
College-Educated
75%
High-School Grad
1.2 sq mi
ZIP Area
7,242
Density / Sq Mi
$49,555
Median Household Income
$32,000
Median Earnings
$1,398
Median Rent
$218,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three-family house near Steelpointe Harbor, ideal for investors or owner-occupants.
Where is this triplex located?
The property is located at 98-100 Carroll Avenue Bridgeport, CT.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Located minutes away from Steelpointe Harbor.; Three‑family house, suitable for investors or owner‑occupants.; Second floor tenant will move out upon sale, providing immediate occupancy.
