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Listed price in listed location currency (USD).
$535,000

050

MLS® 24112070

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 1848 sqft
Garage No
Taxes $6,071
Days Active 229
Lot Size 0.08 acres
Approx. Age 1887
Avg. Price Per Sqft $289
MLS® Number 24112070

Property Address: 33 Granfield Ave, Bridgeport, CT, 06610-2463

Average square foot calculated using Size range provided by listing agent.

Description

****Turnkey 5-Unit Investment Property with Major Upside *** Welcome to 33-35 Granfield Avenue - a fully detached five-family asset offering strong fundamentals and excellent income growth potential. The layout includes a mix of studios and junior one-bedrooms, ideal for long-term rental stability in a high-demand area. One unit has been fully renovated and is ready for occupancy. Recent upgrades include a brand-new boiler installed in 2024 and a new roof, minimizing near-term capital expenses. The property is serviced by both gas and electric utilities. Current rents are below market, presenting a clear opportunity to increase cash flow over time. Once stabilized, the property is projected to deliver a cap rate of approximately 12.4%, making it a compelling option for investors seeking value and long-term upside. Conveniently located near public transportation, shopping, and major roadways, this low-maintenance, income-producing property is a smart addition to any portfolio.
MLS® Number24112070
Laundry Level
Central VacNo
FireplaceNo
Acreage0.08
Exterior
GarageNo
Approx. Age1887
BasementFull, Unfinished
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

Other

Jul 16, 2025List Date
$535,000List Price
  • Commute

Commute

Starting Address
Destination Address
33 Granfield Ave, Bridgeport, CT

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