Listed by Baldwin Pearson & Company
$1,499,999
1220 Pembroke Street Bpt- Renovated Corner Apartment Complex
Details
APN BDPT M:48 B:1738 L:4-A
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,762
Net Rentable (SqFt) 6,762
Units 6
Cap Rate 5.99%
NOI $89,867
Occupancy 67%
Pro-Forma Cap Rate 11.87%
Pro-Forma NOI $178,012
Price per SqFt $222
Class A
Year Built 1882
Year Renovated 2024
Buildings 1
Stories 3
Lot Size (SqFt) 5,000
Turnkey Corner Multifamily Property!
Marketing description
Baldwin Pearson & Co., Inc. is pleased to exclusively present 1220 Pembroke Street, Bridgeport, Connecticut, a premier multifamily investment opportunity located in one of Connecticut’s strongest rental housing markets. The offering consists of a renovated, corner apartment building situated on a strong corner parcel at the intersection of Pembroke Street and Shelton Street in Bridgeport’s vibrant and emerging East Side neighborhood.
Investment highlights
- Turnkey Multifamily Asset: Well-maintained apartment building with comprehensive renovations completed throughout the property, minimizing near-term capital expenditure requirements and providing investors with a stabilized, low-maintenance asset.
- Additional Income Potential: Includes a fully renovated bonus apartment in the basement, presenting an opportunity for additional income generation and enhanced cash flow, subject to applicable zoning and regulatory approvals.
- Strategic Corner Location: Situated on a highly visible corner parcel along Pembroke Street, benefiting from strong neighborhood presence, excellent natural light, and convenient tenant access.
- Renovated Unit Interiors: Extensive interior upgrades position the property to attract and retain quality tenants while supporting long-term rental growth and operational efficiency.
- Strong Bridgeport Market Fundamentals: Located within one of Connecticut’s largest rental markets, offering investors exposure to a diverse employment base, ongoing economic development, and sustained demand for quality workforce housing.
- Proximity to Major Demand Drivers: Conveniently located near downtown Bridgeport, transportation corridors, employment centers, retail amenities, healthcare facilities, and higher education institutions.
- Portfolio Opportunity: This property may be acquired individually or as part of a larger portfolio of similar multifamily assets. Contact the broker for additional information regarding additional portfolio opportunities.
Listing Contacts
Listed by Baldwin Pearson & Company
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$89,867.00
$7,488.92/mo
Valuation Metrics
0
DSCR
5.99%
Cap Rate
5.99%
ROI
Map
Zoning
NX2 ResidentialMulti FamilyNeighborhood Mix 2
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View all 105 uses Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics
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