3-Unit
998 Hancock Avenue, Bridgeport, CT 06605
For Sale
New
$674,900
Two vacant apartments feature updated kitchens, while the third-floor residence is tenant-occupied.
Property Size3,338 SF
Lot Size0.10 Acres
Days on Market1
Property Features for 998 Hancock Avenue
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
RE/MAX Right Choice
Listed By:
Paul Ferreira · License CT RES.0756087
(203) 209-8111
Source:
Higginsgroup
Added: Nov 12
Last Checked: Nov 12 at 10:53AM
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 Right Choice
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 998 Hancock Avenue, this RC-zoned triplex was built in 1900 and contains 15 rooms: 9 bedrooms and 3 bathrooms across three units. Each apartment has 5 rooms, 3 bedrooms, and 1 bathroom. The building totals 5,270 square feet, including 3,388 square feet of living area, 678 square feet of front and rear decking, and 989 square feet of basement space. The 4,501-square-foot lot has no driveway; parking is available off street.
The third-floor unit is occupied, while the first- and second-floor apartments are vacant and have updated kitchen cabinets and appliances. The property is 0.59 miles from I-95, 0.78 miles from major shopping, 2.9 miles from Bridgeport train station, 3.7 miles from Seaside Park, and 1.6 miles from Bridgeport Hospital Yale New Haven.
The third-floor unit is occupied, while the first- and second-floor apartments are vacant and have updated kitchen cabinets and appliances. The property is 0.59 miles from I-95, 0.78 miles from major shopping, 2.9 miles from Bridgeport train station, 3.7 miles from Seaside Park, and 1.6 miles from Bridgeport Hospital Yale New Haven.
Key Highlights
- Three apartments, each with 5 rooms, 3 bedrooms, and 1 bathroom
- 15 rooms, 9 bedrooms, and 3 bathrooms in total
- 5,270 total square feet, including 3,388 square feet of living space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,257
Cap Rate
6.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$865,140
$865.1K
Cap Rate 7%
$617,957
$618.0K
Cap Rate 9%
$480,633
$480.6K
Market Conditions
NOI Build-Up for 3,338 SF
Gross rent
$66.1K $19.80/SF
− Vacancy
−$4.3K −$1.29/SF
EGI
$61.8K $18.51/SF
− OpEx
−$18.5K −$5.55/SF
NOI
$43.3K $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%
$865,140
Cap Rate 7%
$617,957
Cap Rate 9%
$480,633
Alternative Uses
Best Use
Multifamily LT 5
$618.0K
$540.7K – $721.0K
NOI $43,257 @ 7.0% cap · market cap 6.41%
Second Best
Apartment 5plus
$560.9K
$490.8K – $654.4K
NOI $39,264 @ 7.0% cap · market cap 5.82%
Theoretical Best
Office A
$952.7K
$833.7K – $1.11M
NOI $66,692 @ 7.0% cap · market cap 9.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,126
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
$273,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Triplexes in Bridgeport, CT
Properties on Market for Triplexes in Bridgeport
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Two vacant apartments feature updated kitchens, while the third-floor residence is tenant-occupied.
Where is this triplex located?
The property is located at 998 Hancock Avenue Bridgeport, CT.
What is the asking price?
The asking price for this property is $674,900.
What are key features of this property?
This property features: Three apartments, each with 5 rooms, 3 bedrooms, and 1 bathroom; 15 rooms, 9 bedrooms, and 3 bathrooms in total; 5,270 total square feet, including 3,388 square feet of living space
