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340-350 Main St 12 Unit Apartment Building $1,950,000 ($162,500/Unit) Bridgeport, CT 06604
Investment Highlights
- Tremendous value add potential with all nine residential apartments currently rented on month to mont( MTM) terms at well below market rate
- Prime corner brick building walking distance to Seaside Park, Metro North Railroad, Hartford Healthcare Ampitheatre and downtown Bridgeport
- Stabilized long standing retail tenants with room to increase the rents
- Excellent sized apartments- all nine units are configured as 850 square foot two bed room units
- Solid building mechanicals- heating units, hot water heater, electric panel, and roofing all in great condition
Executive Summary
Baldwin Pearson & Co., Inc. is excited to present 340-350 Main Street, Bridgeport, CT — an exceptional investment opportunity in one of Connecticut's most dynamic investment markets. This distinguished brick, corner building commands immediate attention, offering a compelling mixed-use asset in Bridgeport's rapidly evolving and expanding South Side. The property features nine generously sized two-bedroom apartments above three fully occupied ground-floor retail units, delivering a rare blend of residential upside and stable commercial income from day one.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$324,000
|
$19.21
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$16,200
|
$0.96
|
| Effective Gross Income |
$307,800
|
$18.25
|
| Taxes |
$23,177
|
$1.37
|
| Operating Expenses |
$61,890
|
$3.67
|
| Total Expenses |
$85,067
|
$5.04
|
| Net Operating Income |
$222,733
|
$13.20
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $324,000 |
| Annual Per SF | $19.21 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $16,200 |
| Annual Per SF | $0.96 |
| Effective Gross Income | |
|---|---|
| Annual | $307,800 |
| Annual Per SF | $18.25 |
| Taxes | |
|---|---|
| Annual | $23,177 |
| Annual Per SF | $1.37 |
| Operating Expenses | |
|---|---|
| Annual | $61,890 |
| Annual Per SF | $3.67 |
| Total Expenses | |
|---|---|
| Annual | $85,067 |
| Annual Per SF | $5.04 |
| Net Operating Income | |
|---|---|
| Annual | $222,733 |
| Annual Per SF | $13.20 |
Property Facts
| Price | $1,950,000 | Building Class | C |
| Price Per Unit | $162,500 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 16,868 SF |
| No. Units | 12 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1911 |
| Apartment Style | Hi-Rise | Opportunity Zone |
Yes
|
| Zoning | IHI | ||
| Price | $1,950,000 |
| Price Per Unit | $162,500 |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Hi-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 16,868 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1911 |
| Opportunity Zone |
Yes |
| Zoning | IHI |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | BRID-000515-000006 | Total Assessment | $562,360 (2025) |
| Land Assessment | $88,730 (2025) | Annual Taxes | $23,177 ($1.37/SF) |
| Improvements Assessment | $473,630 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
BRID-000515-000006
Land Assessment
$88,730 (2025)
Improvements Assessment
$473,630 (2025)
Total Assessment
$562,360 (2025)
Annual Taxes
$23,177 ($1.37/SF)
Tax Year
2026
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340-350 Main St
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