Triplex with Detached
78-80 Bennett St, Bridgeport, CT 06605
For Sale
New
$819,000
Residents have separate natural gas and electric service, with coin-operated laundry on the first floor.
Property Size2,581 SF
Days on Market5
Property Features for 78-80 Bennett St
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Public Transit
Units
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Amenities
rear gravel outdoor storage area
crushed stone landscaping areas
coin operated laundry
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
William Raveis Real Estate
Listed By:
Kaitlyn Walsh · License #RES.0797747
(203) 231-1950
Source:
Elliman
Added: Nov 3
Last Checked: Nov 6 at 8:48AM
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 William Raveis Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This three-family property, built in 1945, is fully occupied and has updated, maintained interior spaces. Building features include a detached two-car garage, off-street parking, rear gravel storage area, and a full basement with newer mechanical systems. Coin-operated laundry is located on the first floor, and utilities are separately metered for natural gas and electricity.
Fairfield Avenue shops, restaurants, everyday services, and Fairfield Metro train station are within walking distance. St. Mary’s By the Sea is a short drive or bike ride away. The property has a Walk Score of 80, a Bike Score of 50, and a Transit Score of 46.
Fairfield Avenue shops, restaurants, everyday services, and Fairfield Metro train station are within walking distance. St. Mary’s By the Sea is a short drive or bike ride away. The property has a Walk Score of 80, a Bike Score of 50, and a Transit Score of 46.
Key Highlights
- Legal three‑family property, built in 1945, and fully occupied
- Detached two‑car garage plus off‑street parking
- Separate natural gas and electric utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,447
Cap Rate
4.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$668,940
$668.9K
Cap Rate 7%
$477,814
$477.8K
Cap Rate 9%
$371,633
$371.6K
Market Conditions
NOI Build-Up for 2,581 SF
Gross rent
$51.1K $19.80/SF
− Vacancy
−$3.3K −$1.29/SF
EGI
$47.8K $18.51/SF
− OpEx
−$14.3K −$5.55/SF
NOI
$33.4K $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 Rate 5%
$668,940
Cap Rate 7%
$477,814
Cap Rate 9%
$371,633
Alternative Uses
Best Use
Multifamily LT 5
$477.8K
$418.1K – $557.5K
NOI $33,447 @ 7.0% cap · market cap 4.08%
Second Best
Apartment 5plus
$433.7K
$379.5K – $506.0K
NOI $30,360 @ 7.0% cap · market cap 3.71%
Theoretical Best
Office A
$736.7K
$644.6K – $859.5K
NOI $51,567 @ 7.0% cap · market cap 6.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,298
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
$273,100
Median Home Value
Market
Average Price Trend$/SF for Triplexes in Bridgeport, CT
Properties on Market for Triplexes in Bridgeport
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Residents have separate natural gas and electric service, with coin-operated laundry on the first floor.
Where is this triplex located?
The property is located at 78-80 Bennett St Bridgeport, CT.
What is the asking price?
The asking price for this property is $819,000.
What are key features of this property?
This property features: Legal three‑family property, built in 1945, and fully occupied; Detached two‑car garage plus off‑street parking; Separate natural gas and electric utilities
