Multi-Family Apartment
For Sale
Contact for pricing
Pending
651-657 Maple Street, Bridgeport, CT 06608
Apartment portfolio with 23 total units offering a mix of 1-, 2-, and 3-bedroom layouts.
Property Size32,806 SF
Lot Size0.34 Acres
Days on Market131
Property Features for 651-657 Maple Street
General Information
Standard status
Pending
Size
32,806 SF
Lot size
0.34 Acres
Property subtype
Multifamily
Zoning
NX2
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
27
Building Details
Year Built
1902
Buildings
3
Units
27
Tenancy
Multi
Listing Agency:
Horvath & Tremblay
Listed By:
Dennis Kelleher · License #MA 9504385
(781) 776-4002
Source:
Crexi
Added: Jun 5
Changed: Sep 27
Last Checked: Oct 12 at 6:56PM
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 Horvath & Tremblay
Investment Insights
Based on property information with market context.
Caroline & Maple Apartments is a multi-family investment portfolio comprising properties at 651-657 Maple Street and 85-87 Caroline Street, along with 103-109 Caroline Street. The portfolio totals 32,806 square feet of gross area and contains 23 units, including six 3-bedroom/1-bath units, six 2-bedroom/1-bath units, and fifteen 1-bedroom/1-bath units. The properties sit on 0.34 acres and include on-street parking.
The portfolio is located within Bridgeport’s established residential corridor, with convenient connectivity to downtown Bridgeport. It is described as minutes from downtown and provides access to Interstate 95 via nearby Exits 27 and 28. The offering also notes direct access to Route 8 / Route 25 for north-south travel through Fairfield County.
For buyers seeking a consolidated residential income portfolio, this opportunity provides a structured unit mix across one-, two-, and three-bedroom floor plans, all within a single ownership group. On-street parking supports day-to-day tenant access, while the stated proximity to major employment centers, neighborhood retail amenities, and regional transportation infrastructure may be useful for maintaining consistent leasing demand.
The portfolio is located within Bridgeport’s established residential corridor, with convenient connectivity to downtown Bridgeport. It is described as minutes from downtown and provides access to Interstate 95 via nearby Exits 27 and 28. The offering also notes direct access to Route 8 / Route 25 for north-south travel through Fairfield County.
For buyers seeking a consolidated residential income portfolio, this opportunity provides a structured unit mix across one-, two-, and three-bedroom floor plans, all within a single ownership group. On-street parking supports day-to-day tenant access, while the stated proximity to major employment centers, neighborhood retail amenities, and regional transportation infrastructure may be useful for maintaining consistent leasing demand.
Key Highlights
- Apartment portfolio across 651‑657 Maple St, 85‑87 Caroline St, and 103‑109 Caroline St in Bridgeport, CT
- 23 total units: fifteen 1BD/1BA, six 2BD/1BA, and six 3BD/1BA
- 23,523 SF gross living area within 32,806 SF gross building area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$385,890
Cap Rate
7.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,717,800
$7.7M
Cap Rate 7%
$5,512,714
$5.5M
Cap Rate 9%
$4,287,667
$4.3M
Market Conditions
NOI Build-Up for 32,806 SF
Gross rent
$740.1K $22.56/SF
− Vacancy
−$38.5K −$1.17/SF
EGI
$701.6K $21.39/SF
− OpEx
−$315.7K −$9.62/SF
NOI
$385.9K $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%
$7,717,800
Cap Rate 7%
$5,512,714
Cap Rate 9%
$4,287,667
Alternative Uses
Best Use
Apartment 5plus
$5.51M
$4.82M – $6.43M
NOI $385,890 @ 7.0% cap · market cap 7.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.36M
$8.19M – $10.92M
NOI $655,448 @ 7.0% cap · market cap 12.25%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
27
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,784
Businesses Nearby
Explore this area
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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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?
Apartment building - Apartment portfolio with 23 total units offering a mix of 1-, 2-, and 3-bedroom layouts.
Where is this apartment building located?
The property is located at 651-657 Maple Street Bridgeport, CT.
What is the asking price?
The asking price for this property is $5,350,000.
What are key features of this property?
This property features: Apartment portfolio across 651‑657 Maple St, 85‑87 Caroline St, and 103‑109 Caroline St in Bridgeport, CT; 23 total units: fifteen 1BD/1BA, six 2BD/1BA, and six 3BD/1BA; 23,523 SF gross living area within 32,806 SF gross building area
