Triplex with Newer Front
For Sale
$449,900
Pending
22-26 Waldorf Avenue, Bridgeport, CT 06605
Multi-Family For Sale, Units on different Floors, Bridgeport, CT
Property Size3,177 SF
Lot Size0.09 Acres
Days on Market99
Property Features for 22-26 Waldorf Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RC
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 6, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 5, Bedroom 2, Bedroom 4, Basement, Bathroom 3
Patio and Porch features
Porch
Exterior features
Porch
Basement
Full, Unfinished
Lot features
City Views
Elementary school
Per Board of Ed
High school
Per Board of Ed
Directions
Off Fairfield Avenue
Subdivision
Black Rock
Standard status
Pending
Size
3,177 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
8790
Utilities
Sewer type
Public Sewer
Heating system
Other (Heating), Hot Water(Heating)
Water source
Public
Building Details
Year built
1912
Architectural style
Other
Listing Agency:
RE/MAX Right Choice · RE/MAX International
(203) 372-6996
Listed By:
Luisa Dias · License #RES.0181250
(203) 257-4219
Added: May 19
Changed: Aug 19
Last Checked: Aug 25 at 10:06AM
MLS# 24176754
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.
Triplex located at 22-26 Waldorf Avenue in Bridgeport, Connecticut 06605. The property has three apartments and 14 rooms total (5+5+4), with a newer front porch, a full basement, and a 2-car garage. Heating is provided via hot water (Heating) plus an additional “Other (Heating)” system. The home was built in 1912 and is being sold in as-is condition. Tenants are in place.
Utilities include public water and public sewer, supporting everyday residential operations for the three-unit setup.
Zoned RC, this property is configured as a compact residential income opportunity with three separate apartments, plus shared building components such as the full basement.
Utilities include public water and public sewer, supporting everyday residential operations for the three-unit setup.
Zoned RC, this property is configured as a compact residential income opportunity with three separate apartments, plus shared building components such as the full basement.
Key Highlights
- Three apartments and 14 rooms total (5+5+4)
- Newer front porch plus full basement and a 2‑car garage
- Zoned RC in Bridgeport, CT
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
$41,171
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
9.15%
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%
$823,420
$823.4K
Cap Rate 7%
$588,157
$588.2K
Cap Rate 9%
$457,456
$457.5K
Market Conditions
NOI Build-Up for 3,177 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
$62.9K $19.80/SF
− Vacancy
−$4.1K −$1.29/SF
EGI
$58.8K $18.51/SF
− OpEx
−$17.6K −$5.55/SF
NOI
$41.2K $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%
$823,420
Cap Rate 7%
$588,157
Cap Rate 9%
$457,456
Alternative Uses
Best Use
Multifamily LT 5
$588.2K
$514.6K – $686.2K
NOI $41,171 @ 7.0% cap · market cap 9.15%
Second Best
Apartment 5plus
$533.9K
$467.1K – $622.8K
NOI $37,370 @ 7.0% cap · market cap 8.31%
Theoretical Best
Office A
$906.8K
$793.4K – $1.06M
NOI $63,475 @ 7.0% cap · market cap 14.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,134
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three-apartment triplex with newer front porch, RC zoning, and public water and sewer.
Where is this triplex located?
The property is located at 22-26 Waldorf Avenue Bridgeport, CT.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Three apartments and 14 rooms total (5+5+4); Newer front porch plus full basement and a 2‑car garage; Zoned RC in Bridgeport, CT
