Updated Triplex with
For Sale
$890,000
80-82 Poplar Street, Bridgeport, CT 06605
Multi-Family For Sale, Units on different Floors, Bridgeport, CT
Property Size3,530 SF
Lot Size0.11 Acres
Price / SF$252.12
Days on Market50
Property Features for 80-82 Poplar Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RC
Bedrooms
10
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 2, Bathroom 3, Basement, Bathroom 5, Bedroom 9, Bedroom 1, Bedroom 8, Bedroom 4, Bedroom 7, Bedroom 10, Bathroom 1, Bathroom 4, Bedroom 5, Bedroom 2, Bedroom 6, Bedroom 3
Parking
5
Exterior features
Balcony
Basement
Full, Partially Finished
Lot features
Level Lot
Elementary school
Per Board of Ed
High school
Per Board of Ed
Directions
GPS Accesible
Standard status
Active
Size
3,530 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7538
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Water source
Public
Building Details
Year built
1920
Architectural style
Other
Listing Agency:
US Asset Realty
(800) 913-1936
Listed By:
Alexia Andrade · License #RES.0815052
(203) 383-9986
Added: Jul 8
Changed: Aug 23
Last Checked: Aug 26 at 5:06PM
MLS# 24189856
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.
Located at 80-82 Poplar Street in Bridgeport’s West Side/Black Rock area, this 3,530-square-foot triplex contains three residential units. The first- and second-floor apartments each offer 3 bedrooms and 1 full bathroom, while the third-floor apartment includes 2 bedrooms and 1 full bathroom. Updated kitchens and bathrooms, hardwood flooring, and baseboard heating are provided throughout the units. The property also includes a finished basement, a balcony, public water, and public sewer. Zoning is RC, and the building dates to 1920.
Each apartment has one assigned parking space at the rear. The property is near I-95, Fairfield Metro Train Station, downtown Bridgeport, Seaside Park, St. Mary’s by the Sea, the University of Bridgeport, shopping, restaurants, parks, schools, public transportation, and Fairfield. The lot contains 0.11 acres.
Each apartment has one assigned parking space at the rear. The property is near I-95, Fairfield Metro Train Station, downtown Bridgeport, Seaside Park, St. Mary’s by the Sea, the University of Bridgeport, shopping, restaurants, parks, schools, public transportation, and Fairfield. The lot contains 0.11 acres.
Key Highlights
- Three‑unit multifamily property with 3,530 square feet of building area
- First- and second‑floor units each have 3 bedrooms and 1 full bathroom
- Third‑floor unit includes 2 bedrooms and 1 full bathroom
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
$45,746
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
5.14%
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%
$914,920
$914.9K
Cap Rate 7%
$653,514
$653.5K
Cap Rate 9%
$508,289
$508.3K
Market Conditions
NOI Build-Up for 3,530 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
$69.9K $19.80/SF
− Vacancy
−$4.5K −$1.29/SF
EGI
$65.4K $18.51/SF
− OpEx
−$19.6K −$5.55/SF
NOI
$45.7K $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%
$914,920
Cap Rate 7%
$653,514
Cap Rate 9%
$508,289
Alternative Uses
Best Use
Multifamily LT 5
$653.5K
$571.8K – $762.4K
NOI $45,746 @ 7.0% cap · market cap 5.14%
Second Best
Apartment 5plus
$593.2K
$519.0K – $692.1K
NOI $41,523 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$1.01M
$881.6K – $1.18M
NOI $70,528 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,187
Businesses Nearby
Explore this area
Business Placement
Demographics for 06605, CT
23,867
Population
10,799
Households
2.2
Avg Household Size
35
Median Age
33%
College-Educated
80%
High-School Grad
2.3 sq mi
ZIP Area
10,377
Density / Sq Mi
$59,673
Median Household Income
$40,276
Median Earnings
$1,423
Median Rent
$273,100
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?
Triplex - Three residential units include updated kitchens and bathrooms, hardwood flooring, and dedicated rear parking.
Where is this triplex located?
The property is located at 80-82 Poplar Street Bridgeport, CT.
What is the asking price?
The asking price for this property is $890,000.
What are key features of this property?
This property features: Three‑unit multifamily property with 3,530 square feet of building area; First- and second‑floor units each have 3 bedrooms and 1 full bathroom; Third‑floor unit includes 2 bedrooms and 1 full bathroom
