Two-Family Plus Upper
109 Wordin Avenue Bridgeport, CT 06605
For Sale
$525,000
Well-maintained income property with two full units plus an additional upper-level unit and in-unit laundry.
Property Size2,437 SF
Price / SF$215.43
Days on Market170
Property Features for 109 Wordin Avenue
General Information
- Standard status
- Active
- Size
- 2,437 SF
- Property subtype
- Multi-Family / 2 Family
Building Details
- Year Built
- 1920
Listing Agency:
Berkshire Hathaway NE Prop.
(203) 726-6885
Listed By:
Diane N Rankine · License #RES.0815446
(203) 726-6885
Source:
Compass
Added: Feb 3
Changed: Jul 23
Last Checked: Jul 23 at 2:29PM
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 Berkshire Hathaway NE Prop.
Investment Insights
Based on property information with market context.
This well-maintained income property includes two-family living plus an additional upper-level unit, providing three separate residences. The first-floor unit offers 2 bedrooms and 1 full bath, with an updated kitchen and in-unit laundry. The second-floor unit features 2 bedrooms and 1 full bath, with an updated kitchen that includes granite countertops. The third-floor unit includes 1 bedroom, a kitchenette, and a full bathroom.
The basement is framed and includes a new bathroom, which may offer additional potential. Mechanical systems are described as well maintained throughout. The property also features a 3-car garage and ample off-street parking.
Located near major highways, downtown Bridgeport, and public transportation, the layout supports comfortable day-to-day occupancy across the three units.
The basement is framed and includes a new bathroom, which may offer additional potential. Mechanical systems are described as well maintained throughout. The property also features a 3-car garage and ample off-street parking.
Located near major highways, downtown Bridgeport, and public transportation, the layout supports comfortable day-to-day occupancy across the three units.
Key Highlights
- Two‑family property with an additional upper‑level unit at 109‑111 Wordin Ave, Bridgeport, CT 06605
- First‑floor unit: 2 bedrooms, 1 full bath, updated kitchen, and in‑unit laundry
- Second‑floor unit: 2 bedrooms, 1 full bath, and updated kitchen with granite countertops
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.3k | $19.80 |
| − Vacancy | −$3.1k | −$1.29 |
| EGI | $45.1k | $18.51 |
| − OpEx | −$13.5k | −$5.55 |
| NOI | $31.6k | $12.96 |
2,437 SF · lease $19.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$451.2K
$394.8K – $526.4K
NOI $31,581 @ 7.0% cap · market cap 6.02%
Second Best
Apartment 5plus
$409.5K
$358.3K – $477.8K
NOI $28,666 @ 7.0% cap · market cap 5.46%
Theoretical Best
Office A
$695.6K
$608.6K – $811.5K
NOI $48,690 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Well-maintained income property with two full units plus an additional upper-level unit and in-unit laundry.
Where is this triplex located?
The property is located at 109 Wordin Avenue Bridgeport, CT.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two‑family property with an additional upper‑level unit at 109‑111 Wordin Ave, Bridgeport, CT 06605; First‑floor unit: 2 bedrooms, 1 full bath, updated kitchen, and in‑unit laundry; Second‑floor unit: 2 bedrooms, 1 full bath, and updated kitchen with granite countertops
