Three-Unit Residential Income
For Sale
$890,000
80-82 Poplar Street, Bridgeport, CT 06605
Well-maintained three-family property with updated units, hardwood floors, and dedicated rear parking spaces.
Property Size3,530 SF
Days on Market25
Property Features for 80-82 Poplar Street
General Information
Standard status
Active
Size
3,530 SF
Total Parking Spaces
5
Property subtype
Multi Family Home
Zoning
RC
Taxes and HOA fees
Annual Taxes
$7,538
Building Details
Building Size
3,530 SF
Year Built
1920
Units
3
Listing Agency:
Us Asset Realty
(203) 383-9986
Listed By:
Alexia Andrade · License #RES.0815052
(203) 383-9986
Source:
Westshorerealty
Added: Jul 18
Changed: Aug 8
Last Checked: Aug 11 at 2:58PM
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 Us Asset Realty
Investment Insights
Based on property information with market context.
This well-maintained three-family residential income property offers three separate units with dedicated rear parking for residents. The first and second floor units each feature 3 bedrooms and 1 full bathroom, while the third-floor unit offers 2 bedrooms and 1 full bathroom. The units have updated kitchens and bathrooms, and hardwood floors run throughout the living spaces.
A finished basement provides additional interior space, with the potential for an in-law setup subject to buyer due diligence regarding permitted uses. The property is situated in Bridgeport’s Black Rock area with convenient access to I-95 and the Fairfield Metro Train Station, and is also within reach of downtown Bridgeport, Seaside Park, and St. Mary’s by the Sea, as well as the University of Bridgeport and nearby Fairfield.
The overall configuration supports a straightforward live-in-or-rent approach, with independent unit layouts and parking positioned at the rear of the property.
A finished basement provides additional interior space, with the potential for an in-law setup subject to buyer due diligence regarding permitted uses. The property is situated in Bridgeport’s Black Rock area with convenient access to I-95 and the Fairfield Metro Train Station, and is also within reach of downtown Bridgeport, Seaside Park, and St. Mary’s by the Sea, as well as the University of Bridgeport and nearby Fairfield.
The overall configuration supports a straightforward live-in-or-rent approach, with independent unit layouts and parking positioned at the rear of the property.
Key Highlights
- Three‑family home built in 1920 in Bridgeport’s Black Rock area
- Gross monthly rental income of $8,600
- Unit mix: first and second floors each have 3 beds and 1 full bath; third floor has 2 beds and 1 full bath
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
$45,746
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
5.14%
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%
$914,920
$914.9K
Cap Rate 7%
$653,514
$653.5K
Cap Rate 9%
$508,289
$508.3K
Market Conditions
NOI Build-Up for 3,530 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
$69.9K $19.80/SF
− Vacancy
−$4.5K −$1.29/SF
EGI
$65.4K $18.51/SF
− OpEx
−$19.6K −$5.55/SF
NOI
$45.7K $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%
$914,920
Cap Rate 7%
$653,514
Cap Rate 9%
$508,289
Alternative Uses
Best Use
Multifamily LT 5
$653.5K
$571.8K – $762.4K
NOI $45,746 @ 7.0% cap · market cap 5.14%
Second Best
Apartment 5plus
$593.2K
$519.0K – $692.1K
NOI $41,523 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$1.01M
$881.6K – $1.18M
NOI $70,528 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,090
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
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Well-maintained three-family property with updated units, hardwood floors, and dedicated rear parking spaces.
Where is this triplex located?
The property is located at 80-82 Poplar Street Bridgeport, CT.
What is the asking price?
The asking price for this property is $890,000.
What are key features of this property?
This property features: Three‑family home built in 1920 in Bridgeport’s Black Rock area; Gross monthly rental income of $8,600; Unit mix: first and second floors each have 3 beds and 1 full bath; third floor has 2 beds and 1 full bath
