Updated Triplex with Finished
For Sale
$890,000
80-82 Poplar St, Bridgeport, CT 06605
Three residential units include modernized kitchens, hardwood floors, dedicated rear parking, and a finished basement.
Property Size3,530 SF
Price / SF$252.12
Days on Market47
Property Features for 80-82 Poplar St
General Information
Standard status
Active
Size
3,530 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
3
Additional Details
Gross Income
$103,200
Amenities
finished basement
Building Details
Year Built
1920
Listing Agency:
US Asset Realty
(800) 913-1936
Listed By:
Alexia Andrade · License #RES.0815052
Source:
Homesbyshoshana
Added: Jul 14
Changed: Aug 27
Last Checked: Aug 28 at 1:01PM
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 3,530-square-foot triplex, built in 1920, contains three residential units. The first- and second-floor apartments each offer three bedrooms and one full bathroom, while the third-floor apartment includes two bedrooms and one full bathroom. Kitchens and bathrooms have been updated, and hardwood flooring runs throughout the units. A finished basement adds usable interior space. Each apartment has one dedicated parking space at the rear of the property.
The property is located at 80-82 Poplar St in Bridgeport’s Black Rock area, with access to I-95, Fairfield Metro Train Station, downtown Bridgeport, Seaside Park, St. Mary’s by the Sea, the University of Bridgeport, and nearby Fairfield. Shopping, restaurants, parks, schools, public transportation, and major employers are also identified in the surrounding area.
The property is located at 80-82 Poplar St in Bridgeport’s Black Rock area, with access to I-95, Fairfield Metro Train Station, downtown Bridgeport, Seaside Park, St. Mary’s by the Sea, the University of Bridgeport, and nearby Fairfield. Shopping, restaurants, parks, schools, public transportation, and major employers are also identified in the surrounding area.
Key Highlights
- 3,530‑square‑foot triplex at 80‑82 Poplar St, Bridgeport, CT 06605
- Unit mix includes two 3‑bedroom apartments and one 2‑bedroom apartment
- Updated kitchens and bathrooms with hardwood flooring throughout
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
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,187
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 - Three residential units include modernized kitchens, hardwood floors, dedicated rear parking, and a finished basement.
Where is this triplex located?
The property is located at 80-82 Poplar St 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: 3,530‑square‑foot triplex at 80‑82 Poplar St, Bridgeport, CT 06605; Unit mix includes two 3‑bedroom apartments and one 2‑bedroom apartment; Updated kitchens and bathrooms with hardwood flooring throughout
