Three-Unit Multifamily
998 Hancock Avenue, Bridgeport, CT 06605
For Sale
New
$674,900
Multi-Family For Sale, 3updown - Unit(s) per Floor, Bridgeport, CT
Property Size3,338 SF
Lot Size0.10 Acres
Price / SF$202.19
Days on Market5
Property Features for 998 Hancock Avenue
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Patio and Porch features
Exterior features
Basement
Lot features
Elementary school
High school
Directions
Subdivision
Standard status
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Water source
Building Details
Year built
Architectural style
Buildings
Listing Agency:
RE/MAX Right Choice · RE/MAX International
(203) 268-1118
Listed By:
Paul Ferreira · License CT RES.0756087
(203) 209-8111
Added: Nov 11
Changed: Nov 14
Last Checked: Nov 15 at 12:06AM
MLS# 24214913
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.
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Investment Insights
Based on property information with market context.
This three-unit property offers a consistent layout of five rooms, three bedrooms, and one bathroom per apartment. The first- and second-floor units are vacant and have updated kitchen cabinets and appliances; the third-floor unit is occupied. The property includes decks and balconies, with off-street parking and no driveway.
The 0.10-acre site is zoned RC. It is 0.59 miles from I-95, 0.78 miles from major shopping, 1.6 miles from Bridgeport Hospital Yale New Haven, 2.9 miles from Bridgeport train station, and 3.7 miles from Seaside Park.
The 0.10-acre site is zoned RC. It is 0.59 miles from I-95, 0.78 miles from major shopping, 1.6 miles from Bridgeport Hospital Yale New Haven, 2.9 miles from Bridgeport train station, and 3.7 miles from Seaside Park.
Key Highlights
- Three apartments, each with 5 rooms, 3 bedrooms, and 1 bathroom
- First- and second‑floor apartments are vacant and have updated kitchen cabinets and appliances
- Third‑floor apartment is tenant‑occupied
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.
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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
$273,100
Median Home Value
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Market
Average Price Trend$/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 apartments are vacant and feature updated kitchens; the third apartment 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; First- and second‑floor apartments are vacant and have updated kitchen cabinets and appliances; Third‑floor apartment is tenant‑occupied
