Fully Renovated
For Sale
$1,100,000
755 , Bridgeport, CT 06608
Turnkey four-family property with renovated 3- and 4-bedroom apartments and tenant-paid utilities.
Property Size4,659 SF
Price / SF$236.10
Days on Market109
Property Features for 755
General Information
Standard status
Active
Size
4,659 SF
Property subtype
4 Family
Additional Details
Multifamily Units
4
Building Details
Year Built
1897
Tenancy
Multi
Listing Agency:
Baldwin Pearson & Co., Inc
(203) 335-5117
Listed By:
Daniel Shawah · License #RES.0829215
(203) 521-6348
Source:
Lockandkeyre
Added: Jun 29
Changed: Oct 7
Last Checked: Oct 15 at 1:05AM
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 Baldwin Pearson & Co., Inc
Investment Insights
Based on property information with market context.
755 Ogden Street is a fully renovated four-family residential income property offering a unit mix of spacious 3- and 4-bedroom apartments. The interiors have been updated and the building is presented in turnkey condition.
According to the information provided, tenants are responsible for all utilities, supporting minimal operating expenses. The property is described as being on Bridgeport’s East Side near major transportation routes, shopping, schools, and employment centers.
This quadplex configuration is designed to appeal to renters seeking larger living spaces, with an emphasis on strong rental demand and long-term cash flow potential based on the stated tenant-paid utilities and updated condition.
According to the information provided, tenants are responsible for all utilities, supporting minimal operating expenses. The property is described as being on Bridgeport’s East Side near major transportation routes, shopping, schools, and employment centers.
This quadplex configuration is designed to appeal to renters seeking larger living spaces, with an emphasis on strong rental demand and long-term cash flow potential based on the stated tenant-paid utilities and updated condition.
Key Highlights
- Fully renovated four‑family property built in 1897
- Unit mix includes spacious 3- and 4‑bedroom apartments
- Tenants are responsible for all utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,376
Cap Rate
5.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,207,520
$1.2M
Cap Rate 7%
$862,514
$862.5K
Cap Rate 9%
$670,844
$670.8K
Market Conditions
NOI Build-Up for 4,659 SF
Gross rent
$92.2K $19.80/SF
− Vacancy
−$6.0K −$1.29/SF
EGI
$86.3K $18.51/SF
− OpEx
−$25.9K −$5.55/SF
NOI
$60.4K $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%
$1,207,520
Cap Rate 7%
$862,514
Cap Rate 9%
$670,844
Alternative Uses
Best Use
Multifamily LT 5
$862.5K
$754.7K – $1.01M
NOI $60,376 @ 7.0% cap · market cap 5.49%
Second Best
Apartment 5plus
$782.9K
$685.0K – $913.4K
NOI $54,803 @ 7.0% cap · market cap 4.98%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $93,085 @ 7.0% cap · market cap 8.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,459
Businesses Nearby
Explore this area
Business Placement
Demographics for 06608, CT
14,312
Population
4,915
Households
2.9
Avg Household Size
33
Median Age
7%
College-Educated
67%
High-School Grad
1.0 sq mi
ZIP Area
14,312
Density / Sq Mi
$43,008
Median Household Income
$30,524
Median Earnings
$1,311
Median Rent
$222,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Turnkey four-family property with renovated 3- and 4-bedroom apartments and tenant-paid utilities.
Where is this quadplex located?
The property is located at 755 Bridgeport, CT.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Fully renovated four‑family property built in 1897; Unit mix includes spacious 3- and 4‑bedroom apartments; Tenants are responsible for all utilities
