744 Park St · Bridgeport, CT 06608

$699,999

6 bd · 3.0 ba · 3,846 sqft · MultiFamily public records · 15 Days on market

Built 1932 4,791 sqft lot Est $688k · at est.

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Why this score? — see what drove the C grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +19.6/30.0
• Appreciation +10.0/10.0
• ARV discount +6.7/15.0
• DSCR +6.2/10.0
• 1% rule +4.9/10.0
• Livability +4.0/5.0
• Rent growth +3.6/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks MLS

744-746 Park Street offers a spacious 3-family home with great potential for owner-occupants or investors alike. The first and second floor units each feature 2 bedrooms, 1 bath, a living room, and a dining room, providing comfortable layouts with room to personalize. The third floor presents a blank canvas ready for your vision and a complete renovation. Additional highlights include a washer/dryer in the basement and a convenient location close to shopping, transportation, and amenities. With some TLC, this property can be transformed into a strong income producer or multi-generational living space.

Key facts

• New plumbing
• Modern finishes
• New kitchen cabinets

Tags

• MODERN FINISHES
• NEW KITCHEN CABINETS
• UPDATED BATHROOMS
• NEW LVP FLOORING
• NEW PLUMBING
• NEW ELECTRICAL WIRING

What this means for you Summary

Snapshot

• This is a 6-bed/3.0-bath multifamily listed at $700k.

Deal economics

• At list price, monthly cash flow is $809 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $693k (1.0% below list).
• Recommended offer: $689k (1.5% below list) — sets the bar for market timing.
• Cap rate 7.7% vs local median 5.0% in Bridgeport — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 81/100 on livability (#15 in CT, #1,374 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, health & safety A+; Watch: crime C-, employment D+, schools D-.
• Bridgeport School District (urban): math 9% / reading 19% proficiency, ranked #151 of 153 in CT (top 99%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 97% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+4.3%/yr); 30 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); 852 units permitted in Greater Bridgeport Planning Region in 2024 (698 in 5+ unit buildings).
• At $6,927/mo this rent would consume 182% of the median local household income ($46k/yr) (locally 910% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $75k of equity ($5k loan paydown + $70k appreciation (10.0% local appreciation)).
• At projected returns (10.0% appreciation + 4.3% rent growth), your $196k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$120k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 15 days — a 2% lower offer ($689k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1932 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 41% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $689,499 (1.5% below list)

Questions for the listing agent

1. Built in 1932 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
5. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
6. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.99% ✗
• Cap rate: 7.68%
• Cash-on-cash: 4.95%
• DSCR: 1.22
• GRM: 8.4

CMA / ARV

• ARV (on-the-fly): $688,434
• Comps found: 11

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
690 William St	0.29mi	6/3.0	3,493 (-9%)	3mo	$625,000	$179	69
554 Huntington Rd	0.21mi	6/3.5	3,503 (-9%)	9mo	$680,000	$194	66
750 William St	0.24mi	7/5.0 (+1)	4,075 (+6%)	2mo	$670,000	$164	64
1992-1996 E Main St	0.34mi	6/3.0	3,575 (-7%)	11mo	$630,000	$176	63
1568 E Main St	0.15mi	6/3.0	3,307 (-14%)	8mo	$635,000	$192	63
170 Livingston Pl	0.71mi	6/3.0	3,687 (-4%)	7mo	$625,500	$170	54
154 Rose St	0.35mi	6/3.0	3,280 (-15%)	7mo	$570,000	$174	53
528 William St	0.45mi	6/3.0	3,328 (-14%)	13mo	$600,000	$180	46
149 Edna Ave	0.68mi	5/3.0 (-1)	3,515 (-9%)	6mo	$630,000	$179	44
642 William St	0.34mi	6/3.0	3,277 (-15%)	18mo	$450,000	$137	44
289 Harriet St	0.66mi	7/4.0 (+1)	3,400 (-12%)	6mo	$725,000	$213	36

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 4.35% rent growth · sell at horizon

5-year hold

• IRR: 28.4%
• Equity multiple: 3.26×
• Total profit: $442,288
• Equity at exit: $630,615

10-year hold

• IRR: 25.1%
• Equity multiple: 7.54×
• Total profit: $1,282,392
• Equity at exit: $1,359,944

Cash invested: $196,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 27 Tenant-Leaning
• State Connecticut: 27 Tenant-Leaning · D+7
• County: — inherits STATE
• City: — inherits STATE

Strong tenant statutes; rent commissions in some towns; courts slow especially in cities.

Methodology + full state rankings →

ZIP-level market 06608

• Home prices YoY: 3.6%
• Rents YoY: 4.3%
• Active inventory: 30
• Price-to-rent: 25.3×

Monthly cashflow live

• Estimated rent: $6,927 high
• Mortgage (P&I): −$3,671
• Tax from tax record: −$701 /mo · $8,411/yr
• Insurance: −$292
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,455
• Net cashflow: $809

Break-even live

Break-even rent $5,903

Max offer price $699,999

Occupancy floor 83%

3-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 3× units	3	1	$6,927
Total (3 units)			$6,927

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $175,000
• Closing costs: $21,000
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
107 Catherine St Bridgeport, CT	7.0	2.5	4104	$2,900	$0.71	14d	1	1.10mi
41 Perth St Bridgeport, CT	6.0	2.0	2640	$2,200	$0.83	14d	1	1.46mi
1566 North Ave Bridgeport, CT	5.0	1.0	2837	$2,500	$0.88	43d	1	1.47mi

Listing history 7 events

1. 2026-05-21
   soldstatus $725,000 Closed
2. 2026-04-01
   status Under Contract
3. 2026-03-16
   listed $699,999 Active
4. 2025-11-14
   soldstatus $482,000 Closed 608-char remark

   Show marketing remark (608 chars)

   744-746 Park Street offers a spacious 3-family home with great potential for owner-occupants or investors alike. The first and second floor units each feature 2 bedrooms, 1 bath, a living room, and a dining room, providing comfortable layouts with room to personalize. The third floor presents a blank canvas ready for your vision and a complete renovation. Additional highlights include a washer/dryer in the basement and a convenient location close to shopping, transportation, and amenities. With some TLC, this property can be transformed into a strong income producer or multi-generational living space.

5. 2025-08-26
   status Under Contract 608-char remark

   Show marketing remark (608 chars)

   744-746 Park Street offers a spacious 3-family home with great potential for owner-occupants or investors alike. The first and second floor units each feature 2 bedrooms, 1 bath, a living room, and a dining room, providing comfortable layouts with room to personalize. The third floor presents a blank canvas ready for your vision and a complete renovation. Additional highlights include a washer/dryer in the basement and a convenient location close to shopping, transportation, and amenities. With some TLC, this property can be transformed into a strong income producer or multi-generational living space.

6. 2025-08-15
   historical Under Contract - Continue to Show 608-char remark

   Show marketing remark (608 chars)

   744-746 Park Street offers a spacious 3-family home with great potential for owner-occupants or investors alike. The first and second floor units each feature 2 bedrooms, 1 bath, a living room, and a dining room, providing comfortable layouts with room to personalize. The third floor presents a blank canvas ready for your vision and a complete renovation. Additional highlights include a washer/dryer in the basement and a convenient location close to shopping, transportation, and amenities. With some TLC, this property can be transformed into a strong income producer or multi-generational living space.

7. 2025-08-08
   listed $399,900 Active 608-char remark

   Show marketing remark (608 chars)

   744-746 Park Street offers a spacious 3-family home with great potential for owner-occupants or investors alike. The first and second floor units each feature 2 bedrooms, 1 bath, a living room, and a dining room, providing comfortable layouts with room to personalize. The third floor presents a blank canvas ready for your vision and a complete renovation. Additional highlights include a washer/dryer in the basement and a convenient location close to shopping, transportation, and amenities. With some TLC, this property can be transformed into a strong income producer or multi-generational living space.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast CT · Partial reset (capped growth)

• Current annual tax: $8,411 · $701/mo
• Projected year-2 tax: $11,695 · $975/mo
• Expected delta: +$3,284/yr (+$274/mo · 39.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥97°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 41% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $83,124
• − Mortgage interest: −$39,211
• − Property taxes: −$8,411
• − Insurance: −$3,500
• − Repairs & maintenance: −$6,650
• − Management: −$6,650
• − Depreciation: −$20,364
• Taxable loss: −$1,661
• Est. tax savings @ 24.0%: +$399
• After-tax cash flow: $10,105/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Bridgeport School District
• NCES district ID: 0900450
• Math proficiency: 9% ▼ -7.00%
• Reading proficiency: 19% ▼ -10.00%
• Median HH income: $41,507
• Composite: 12.09/100
• National rank: #9656
• State rank: #151 of 153 in CT

Livability — Bridgeport

• Score: 81/100
• State rank: #15
• US rank: #1374

Category grades

Amenities A+ Commute A+ Cost of living B+ Crime C- Employment D+ Housing A Health & safety A+ User ratings D

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bridgeport, CT
• County: Fairfield County · 765,532 people
• City population: 149,153
• Metro: Bridgeport-Stamford-Norwalk, CT
• Population (ZIP): 12,146
• Household income: $45,754
• Rent vs Own: 75.4% rent · 24.6% own
• Severe rent burden: 910.0

Population outlook (Greater Bridgeport County) Hauer SSP2

• By 2040: 365,581

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (69%)
• Race & ethnicity: Hispanic / Latino 69% Black 22% Two or more races 19% White 4% Asian 4%
• Hispanic origin (detail): Mexican 5% Puerto Rican 32% Cuban 1% Dominican 14%
• Common ancestry: Hispanic 1% Russian 1% Estonian 0%
• Foreign-born: 34% · Canada, Jamaica
• Languages at home: 33% English-only · Spanish 56% French/Haitian/Cajun 4% Other Asian/Pacific 3%

Political lean MEDSL · Greater Bridgeport

• 2024 margin: Strong D (+23.3) · D 60.9% · R 37.6% · Other 1.5%
• All cycles: 2024: D+23.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 18.29%
• Current HPI: 530.5125
• Rent YoY: ▲ 4.35%
• Metro: Bridgeport-Stamford-Norwalk, CT
• State GDP YoY: ▲ 1.06%
• F500 in state: 38

Industry mix (Fortune 500 HQ in CT)

Industry	F500 HQs	Revenue
▸Industrial Machinery	4	$38B
▸Insurance	3	$71B
▸Financial Services	2	$25B
▸Transportation / Logistics	2	$18B
▸Healthcare	1	$247B
▸Telecommunications	1	$55B

Price history

+81.3% since first listed

7 events — show timeline

• 2026-05-21 Sold (MLS) $725,000 Smart MLS
• 2026-04-01 Pending — Smart MLS
• 2026-03-16 Listed $699,999 Smart MLS
• 2025-11-14 Sold (MLS) $482,000 Smart MLS
• 2025-08-26 Pending — Smart MLS
• 2025-08-15 Contingent — Smart MLS
• 2025-08-08 Listed $399,900 Smart MLS

Property tax history

-2.0%/yr

Latest (2023): $8,411 · -1.7% YoY. Source: county tax records.