189 Wells St Bridgeport, CT 06606
Turnkey three-family home with separate utilities and in-unit laundry, offering three distinct living units.
Property Features for 189 Wells St
General Information
- Standard status
- Active
- Size
- 3,724 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1910
Listing office (203) 257-1477
Listing date Jul 8, 2026
Source Elliman
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Investment Insights
Based on property information with market context.
The first-floor unit includes a kitchen with an electric stove and refrigerator, a combination living and dining area with a wood-burning fireplace, two bedrooms, and one full bath. The second-floor unit features an updated kitchen with quartz countertops, white cabinetry, electric stove, dishwasher, and refrigerator, along with a living and dining area supported by a wood-burning fireplace. Its layout includes two bedrooms, a full bath, a small office, and an additional room off the living room. The second-floor unit also has access to a back porch overlooking the large backyard. The third-floor unit offers a kitchen, living room, two bedrooms, a full bath, and a laundry room.
The property is located minutes from the train station and is convenient to restaurants and major highways.
Key Highlights
- Three‑family house with 3,724 sq. ft. total living space plus a very large basement (Year built: 1910)
- 1st‑floor unit: 1,389 sq. ft. with operable wood‑burning fireplace, 2 bedrooms, 1 full bath, and private laundry with washer/dryer
- 2nd‑floor unit: 1,389 sq. ft. with updated kitchen (quartz countertops, white cabinetry, dishwasher) plus private laundry with washer/dryer
Local 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 | $73.7k | $19.80 |
| − Vacancy | −$4.8k | −$1.29 |
| EGI | $68.9k | $18.51 |
| − OpEx | −$20.7k | −$5.55 |
| NOI | $48.3k | $12.96 |
