Six-Unit Apartment
For Sale
$1,200,000
626 Stillman, Bridgeport, CT 06608
Built in 1989 and fully occupied on month-to-month terms, this vinyl-sided six-unit offers separate utilities and off-street parking.
Property Size4,500 SF
Price / SF$266.67
Days on Market129
Property Features for 626 Stillman
General Information
Standard status
Active
Size
4,500 SF
Total Parking Spaces
6
Property subtype
5 Family+
Occupancy
100%
Additional Details
Multifamily Units
6
Building Details
Year Built
1989
Stories
3
Tenancy
Multi
Listing Agency:
YellowBrick Real Estate LLC
(203) 445-6949
Listed By:
Patricia Anekwe · License #RES.0834595
(203) 726-4609
Source:
Lockandkeyre
Added: Jun 16
Changed: Oct 21
Last Checked: Oct 20 at 10:54PM
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 YellowBrick Real Estate LLC
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Investment Insights
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Built in 1989, this fully occupied six-unit apartment building features vinyl siding for low-maintenance exterior care. The roof was replaced in 2020, and the property is configured with three apartments on each side of the building using the same layout. Each unit has its own separate utility service with separate meters, supporting independent tenant billing. Water heaters for the first-floor apartments are located in the basement, while the second- and third-floor apartment water heaters are located inside each apartment.
Located on the East Side of Bridgeport on Stillman St, the building sits across from a charter school and close to a public school. Off-street parking is provided for all six units in the back of the house. Transit scores indicate some transit access, and the walkability is rated very walkable.
With month-to-month occupancy, consistent unit configuration, and in-building utility separation, the property is designed for straightforward day-to-day management.
Located on the East Side of Bridgeport on Stillman St, the building sits across from a charter school and close to a public school. Off-street parking is provided for all six units in the back of the house. Transit scores indicate some transit access, and the walkability is rated very walkable.
With month-to-month occupancy, consistent unit configuration, and in-building utility separation, the property is designed for straightforward day-to-day management.
Key Highlights
- 6‑unit multifamily building built in 1989 and fully occupied on month‑to‑month terms
- Roof replacement in 2020
- Vinyl siding for easy maintenance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,933
Cap Rate
4.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,058,660
$1.1M
Cap Rate 7%
$756,186
$756.2K
Cap Rate 9%
$588,144
$588.1K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$101.5K $22.56/SF
− Vacancy
−$5.3K −$1.17/SF
EGI
$96.2K $21.39/SF
− OpEx
−$43.3K −$9.62/SF
NOI
$52.9K $11.76/SF
Area
Bridgeport, CT
Vacancy
5.20%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,058,660
Cap Rate 7%
$756,186
Cap Rate 9%
$588,144
Alternative Uses
Best Use
Apartment 5plus
$756.2K
$661.7K – $882.2K
NOI $52,933 @ 7.0% cap · market cap 4.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.28M
$1.12M – $1.50M
NOI $89,908 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
6
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,788
Businesses Nearby
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Business Placement
Demographics for 06608, CT
14,312
Population
4,915
Households
2.9
Avg Household Size
33
Median Age
7%
College-Educated
67%
High-School Grad
1.0 sq mi
ZIP Area
14,312
Density / Sq Mi
$43,008
Median Household Income
$30,524
Median Earnings
$1,311
Median Rent
$222,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Built in 1989 and fully occupied on month-to-month terms, this vinyl-sided six-unit offers separate utilities and off-street parking.
Where is this apartment building located?
The property is located at 626 Stillman Bridgeport, CT.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 6‑unit multifamily building built in 1989 and fully occupied on month‑to‑month terms; Roof replacement in 2020; Vinyl siding for easy maintenance
