Three-Unit Brick
New
For Sale
$775,000
260 Whitney Avenue, Bridgeport, CT 06606
Three residences offer an eight-bedroom configuration, natural gas heating, and a private outdoor terrace.
Property Size1,949 SF
Price / SF$172.68
Days on Market3
Property Features for 260 Whitney Avenue
General Information
Standard status
Active
Size
1,949 SF
Total Parking Spaces
3
Property subtype
3 Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 3BR, 1 x 2BR
Multifamily Units
3
Building Details
Building Size
1,949 SF
Year Built
1949
Buildings
1
Construction
brick
Listing Agency:
BHGRE Gaetano Marra Homes
Listed By:
Eddie Gutierrez
(203) 257-9954
Source:
Iverty
Added: Sep 30
Changed: Oct 1
Last Checked: Oct 1 at 2:38PM
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 Gaetano Marra Homes
Investment Insights
Based on property information with market context.
Built in 1949, this 4,488-square-foot brick property contains three residences with an 8-bedroom mix of 3 bedrooms, 3 bedrooms, and 2 bedrooms. Natural gas provides heating. The first-floor residence has a private concrete terrace off the living room, while the second floor has been updated and is served by dedicated solar panels. A full basement, side yard, and detached three-car garage are also part of the property. The roof dates to 2019.
The property is on Whitney Avenue in Bridgeport’s North End, near St. Vincent’s Hospital. Medical centers, public transit, and major highways are described as nearby.
The property is on Whitney Avenue in Bridgeport’s North End, near St. Vincent’s Hospital. Medical centers, public transit, and major highways are described as nearby.
Key Highlights
- 4,488‑square‑foot brick property with three residences
- Eight bedrooms across a 3BR / 3BR / 2BR unit mix
- 2019 roof and natural gas heating
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
$58,160
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
7.50%
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%
$1,163,200
$1.2M
Cap Rate 7%
$830,857
$830.9K
Cap Rate 9%
$646,222
$646.2K
Market Conditions
NOI Build-Up for 4,488 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
$88.9K $19.80/SF
− Vacancy
−$5.8K −$1.29/SF
EGI
$83.1K $18.51/SF
− OpEx
−$24.9K −$5.55/SF
NOI
$58.2K $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%
$1,163,200
Cap Rate 7%
$830,857
Cap Rate 9%
$646,222
Alternative Uses
Best Use
Multifamily LT 5
$830.9K
$727.0K – $969.3K
NOI $58,160 @ 7.0% cap · market cap 7.50%
Second Best
Apartment 5plus
$754.2K
$659.9K – $879.9K
NOI $52,791 @ 7.0% cap · market cap 6.81%
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,668 @ 7.0% cap · market cap 11.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,743
Businesses Nearby
Explore this area
Business Placement
Demographics for 06606, CT
48,427
Population
19,002
Households
2.5
Avg Household Size
36
Median Age
23%
College-Educated
82%
High-School Grad
5.3 sq mi
ZIP Area
9,137
Density / Sq Mi
$68,538
Median Household Income
$35,128
Median Earnings
$1,434
Median Rent
$272,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three residences offer an eight-bedroom configuration, natural gas heating, and a private outdoor terrace.
Where is this triplex located?
The property is located at 260 Whitney Avenue Bridgeport, CT.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 4,488‑square‑foot brick property with three residences; Eight bedrooms across a 3BR / 3BR / 2BR unit mix; 2019 roof and natural gas heating
