Renovated Quadplex with Finished
For Sale
$869,000
100 Putnam Street, Bridgeport, CT 06608
Multi-Family For Sale, Units on different Floors, Bridgeport, CT
Property Size5,616 SF
Lot Size0.16 Acres
Price / SF$154.74
Days on Market76
Property Features for 100 Putnam Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RC
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bedroom 4, Basement, Bathroom 1, Bedroom 5, Bathroom 4, Bedroom 7, Bedroom 2, Bedroom 8, Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 6
Parking
4
Patio and Porch features
Porch
Exterior features
Porch-Enclosed,Balcony,Sidewalk,Awnings,Porch,Deck
Basement
Full
Elementary school
Luis Munoz Marin
High school
Per Board of Ed
Directions
Enter on Putnam Street.
Standard status
Active
Size
5,616 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
8305
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Cooling system
Window Unit(s), Wall Unit(s)
Water source
Public
Building Details
Year built
1867
Architectural style
Other
Listing Agency:
Derek Greene
(888) 278-5840
Listed By:
Derek Greene · License #10371200613
(888) 278-5840
Added: Jun 15
Changed: Aug 23
Last Checked: Aug 29 at 1:06AM
MLS# 24183939
Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This legal four-family property in Bridgeport provides 5,616 square feet of total property area, including 3,744 square feet of renovated interior space and a 1,872-square-foot finished basement. The building includes four bathrooms and exterior features such as an enclosed porch, balcony, deck, awnings, and sidewalk access. The finished basement is described as having potential for two separate one-bedroom units, subject to applicable requirements.
Built in 1867, the property sits on a 0.16-acre lot and carries RC zoning. Public water and public sewer serve the property. Heating is provided by hot water, with window and wall-mounted cooling units. The asset is located at 100 Putnam Street in Bridgeport, Connecticut, within Fairfield County.
Built in 1867, the property sits on a 0.16-acre lot and carries RC zoning. Public water and public sewer serve the property. Heating is provided by hot water, with window and wall-mounted cooling units. The asset is located at 100 Putnam Street in Bridgeport, Connecticut, within Fairfield County.
Key Highlights
- Legal four‑family property with 5,616 square feet of total property area
- 3,744 square feet of renovated interior space plus a 1,872‑square‑foot finished basement
- Finished basement described as having potential for two separate one‑bedroom units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$72,778
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.37%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,455,560
$1.5M
Cap Rate 7%
$1,039,686
$1.0M
Cap Rate 9%
$808,644
$808.6K
Market Conditions
NOI Build-Up for 5,616 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$111.2K $19.80/SF
− Vacancy
−$7.2K −$1.29/SF
EGI
$104.0K $18.51/SF
− OpEx
−$31.2K −$5.55/SF
NOI
$72.8K $12.96/SF
Area
Bridgeport, CT
Vacancy
6.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,455,560
Cap Rate 7%
$1,039,686
Cap Rate 9%
$808,644
Alternative Uses
Best Use
Multifamily LT 5
$1.04M
$909.7K – $1.21M
NOI $72,778 @ 7.0% cap · market cap 8.37%
Second Best
Apartment 5plus
$943.7K
$825.8K – $1.10M
NOI $66,060 @ 7.0% cap · market cap 7.60%
Theoretical Best
Office A
$1.60M
$1.40M – $1.87M
NOI $112,205 @ 7.0% cap · market cap 12.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,418
Businesses Nearby
Explore this area
Business Placement
Demographics for 06608, CT
14,312
Population
4,915
Households
2.9
Avg Household Size
33
Median Age
7%
College-Educated
67%
High-School Grad
1.0 sq mi
ZIP Area
14,312
Density / Sq Mi
$43,008
Median Household Income
$30,524
Median Earnings
$1,311
Median Rent
$222,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Legal four-family property with finished lower-level space, porch, balcony, and public utilities in Bridgeport.
Where is this quadplex located?
The property is located at 100 Putnam Street Bridgeport, CT.
What is the asking price?
The asking price for this property is $869,000.
What are key features of this property?
This property features: Legal four‑family property with 5,616 square feet of total property area; 3,744 square feet of renovated interior space plus a 1,872‑square‑foot finished basement; Finished basement described as having potential for two separate one‑bedroom units
