Triplex Home with Detached
For Sale
$650,000
100 Ashley Street, Bridgeport, CT 06610
Three living levels offer granite eat-in kitchens, porches, gas service, and separate utility metering.
Property Size3,740 SF
Price / SF$173.80
Days on Market180
Property Features for 100 Ashley Street
General Information
Standard status
Active
Size
3,740 SF
Property subtype
Multi-Family / 3 Family
Zoning
RB
Taxes and HOA fees
Annual Taxes
$10,413
Amenities
No
Hot Water
14
Not Applicable
Building Details
Year Built
1920
Listing Agency:
BHGRE Shore & Country
(914) 752-8788
Listed By:
Mei Ling Cheung · License #RES.0800750
(914) 752-8788
Source:
Compass
Added: Mar 4
Changed: Aug 30
Last Checked: Aug 30 at 4:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BHGRE Shore & Country
Investment Insights
Based on property information with market context.
Built in 1920, this 3740-square-foot triplex includes three residential levels with eight bedrooms and three full bathrooms. Each floor has a granite eat-in kitchen, living room, and pantry or storage area; the first and second floors each provide three bedrooms, while the third floor offers two. Porches serve the first and second levels, and a tall-ceiling basement adds substantial storage space. Newer hot water heaters are installed, with gas heat, gas cooking, 3 electric meters, and 3 gas meters. A detached 3-car garage is included.
The property is located at 100 Ashley Street in Bridgeport, with access to I-95, shopping, bus lines, and Beardsley Park. Zoning is RB.
The property is located at 100 Ashley Street in Bridgeport, with access to I-95, shopping, bus lines, and Beardsley Park. Zoning is RB.
Key Highlights
- 3740 SF triplex built in 1920
- Eight bedrooms and three full bathrooms across three residential levels
- Granite eat‑in kitchen on each floor, with pantries or additional storage areas
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
$48,467
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
7.46%
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%
$969,340
$969.3K
Cap Rate 7%
$692,386
$692.4K
Cap Rate 9%
$538,522
$538.5K
Market Conditions
NOI Build-Up for 3,740 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
$74.1K $19.80/SF
− Vacancy
−$4.8K −$1.29/SF
EGI
$69.2K $18.51/SF
− OpEx
−$20.8K −$5.55/SF
NOI
$48.5K $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%
$969,340
Cap Rate 7%
$692,386
Cap Rate 9%
$538,522
Alternative Uses
Best Use
Multifamily LT 5
$692.4K
$605.8K – $807.8K
NOI $48,467 @ 7.0% cap · market cap 7.46%
Second Best
Apartment 5plus
$628.5K
$549.9K – $733.2K
NOI $43,993 @ 7.0% cap · market cap 6.77%
Theoretical Best
Office A
$1.07M
$934.0K – $1.25M
NOI $74,723 @ 7.0% cap · market cap 11.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
933
Businesses Nearby
Explore this area
Business Placement
Demographics for 06610, CT
23,347
Population
9,292
Households
2.5
Avg Household Size
39
Median Age
17%
College-Educated
78%
High-School Grad
3.1 sq mi
ZIP Area
7,531
Density / Sq Mi
$50,836
Median Household Income
$36,698
Median Earnings
$1,364
Median Rent
$224,700
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 living levels offer granite eat-in kitchens, porches, gas service, and separate utility metering.
Where is this triplex located?
The property is located at 100 Ashley Street Bridgeport, CT.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 3740 SF triplex built in 1920; Eight bedrooms and three full bathrooms across three residential levels; Granite eat‑in kitchen on each floor, with pantries or additional storage areas
