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Triplex with Detached Garage
For Sale
$774,900

204 , Bridgeport, CT 06606

Three apartment units feature updated kitchens, hardwood flooring, and access to shared outdoor space.

Property Size3,417 SF
Price / SF$226.78
Days on Market53

Property Features for 204

General Information

Standard status Active
Size 3,417 SF
Total Parking Spaces 2
Property subtype 3 Family

Additional Details

Public Transit Yes
Multifamily Units 3

Building Details

Year Built 1917
Buildings 1
Listing Agency: Coldwell Banker Realty
Listed By: Steven Lage · License #RES.0759562
Source: Lockandkeyre
Added: Aug 14 Changed: Oct 4 Last Checked: Oct 4 at 9:56AM

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 Coldwell Banker Realty

Investment Insights

Based on property information with market context.

This 1917 triplex includes three residential units with substantial living areas and a range of interior updates. Hardwood floors, detailed millwork, and refreshed kitchens with updated appliances are featured throughout. The first- and second-floor apartments are currently configured as three-bedroom units, while the first floor includes one full bath and one half bath.

The property occupies an oversized corner lot in Bridgeport’s North End. Exterior amenities include a detached two-car garage, fenced yard, and paver patio. Partially finished basement space provides storage and laundry hookups. The first-floor unit may be delivered vacant, creating an owner-occupancy option while the other apartments continue generating rental income.

Key Highlights

  • Three‑family property built in 1917
  • First- and second‑floor apartments are currently used as three‑bedroom units
  • First‑floor unit includes one full bath and one half bath

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$44,281
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$885,620 $885.6K
Cap Rate 7%
$632,586 $632.6K
Cap Rate 9%
$492,011 $492.0K
Market Conditions
NOI Build-Up for 3,417 SF
Gross rent
$67.7K $19.80/SF
− Vacancy
−$4.4K −$1.29/SF
EGI
$63.3K $18.51/SF
− OpEx
−$19.0K −$5.55/SF
NOI
$44.3K $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%
$885,620
Cap Rate 7%
$632,586
Cap Rate 9%
$492,011

Alternative Uses

Best Use
Multifamily LT 5
$632.6K
$553.5K – $738.0K (±1% cap)
NOI $44,281 @ 7.0% cap · market cap 5.71%
Second Best
Apartment 5plus
$574.2K
$502.4K – $669.9K (±1% cap)
NOI $40,193 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$975.3K
$853.4K – $1.14M (±1% cap)
NOI $68,270 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Parking Lot & Garage Gym & Fitness Center Law Firm (Bike/Boat/Book/etc) Store Acupuncture HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

883
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Three apartment units feature updated kitchens, hardwood flooring, and access to shared outdoor space.
Where is this triplex located?
The property is located at 204 Bridgeport, CT.
What is the asking price?
The asking price for this property is $774,900.
What are key features of this property?
This property features: Three‑family property built in 1917; First- and second‑floor apartments are currently used as three‑bedroom units; First‑floor unit includes one full bath and one half bath
More about this property
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