Multi-Family Apartment
651-657 Maple Street Bridgeport, CT 06608
651-657 Maple Street, Bridgeport, CT, 06608
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For Sale
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Apartment portfolio with 23 total units offering a mix of 1-, 2-, and 3-bedroom layouts.
Property Size32,806 SF
Lot Size0.34 Acres
Price / SF$163.08
Days on Market42
Property Features for 651-657 Maple Street
General Information
- Standard status
- Active
- Size
- 32,806 SF
- Lot size
- 0.34 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1902
Listing Agency
Horvath & Tremblay
(781) 776-4002
Listed by
Stavros Filippidis · License #CT 0816666
Source
Crexi
Added: Jun 5 Checked: Jul 16 at 4:42 am
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
Local Financial Insights For Apartment 5plus
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 | $740.1k | $22.56 |
| − Vacancy | −$38.5k | −$1.17 |
| EGI | $701.6k | $21.39 |
| − OpEx | −$315.7k | −$9.62 |
| NOI | $385.9k | $11.76 |
32,806 SF · lease $22.56/SF/yr · vacancy 5.20% · expense 45.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
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
