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305 Parrott Ave
Bridgeport, CT 06606 Brooklawn-St Vincent

$2,300,000 USD

Apartments For Sale • 9,400 SF

Property Details

Property Type Apartments
Total Building Size 9,400 SF
Lot Size 0.19 AC
Building Class C
Year Built 1941
Cap Rate 7.55 %
Zoning RC

40 Transit Score

70 Walk Score

                
                    Highlights
                
                                Solid brick corner property
                            
                                Value Add opportunity with the majority of the rents below current market value
                            
                                Updated mechanicals and 100% occupancy
                            
                                Excellent unit mix of one bedroom (13) and studio (3)apartments in very high demand in the Bridgeport rental market
                            
                                Prime Bridgeport location close to all major attractions

Property Flyers

305 Parrott Avenue OM

Financial Summary (Proforma)

Net Operating Income: $239,079 USD (2026)

Cap Rate:	7.55 %
Total Expenses:	$78,111 USD

Major Tenants

Tenant	SF Occupied	Lease End Date
Parrott Ave Apartments

Public Transportation

Commuter Rail	Drive	Walk	Distance
Bridgeport Station (New Haven Line - Metro-North Commuter Railroad Company (Metro-North))	4 min	-	1.8 mi
	8 min	-	4.1 mi
Airport	Drive	Walk	Distance
Tweed/New Haven	37 min	-	22.7 mi
Long Island MacArthur	111 min	-	36.2 mi
Westchester County	53 min	-	37.0 mi

Robert Shawah 203-335-5117 Baldwin Pearson & Company, Inc.

305 Parrott Ave Bridgeport, CT 06606 Brooklawn-St Vincent