Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    543 Ellsworth St Bridgeport, CT 06605

    Sponsored
    For Sale
    $5,535,000

    123-Unit Multifamily Development Site

    Property size:
    119,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This fully approved 123-unit multifamily development site in Bridgeport, CT's vibrant Black Rock neighborhood offers a compelling value-add investment opportunity. Located on a 0.7-acre lot at 543 Ellsworth St, this transit-oriented property boasts a mix of studio, one-, and two-bedroom units, designed to attract a desirable tenant base. Amenities include an outdoor deck, covered parking (135 spaces), a leasing office, fitness center, elevator, and clubroom. The 119,200 square foot building (100,050 net rentable) features five stories and was built in 1920. With a current NOI of $332,100 and a 6.00% cap rate, the asking price is $5,535,000. Its prime location offers easy access to the Fairfield Metro Train Station and I-95, making commutes to New Haven, Lower Fairfield County, or NYC convenient. The property's proximity to area hospitals, universities, and the diverse amenities of Black Rock further enhances its appeal. The strong Bridgeport-Stamford-Danbury rental market, projected to continue its growth through 2025, makes this a highly attractive investment prospect in a resilient Fairfield County economy.

    Property Features for 543 Ellsworth St

    General Information

    Property type
    Multifamily properties
    Square Feet
    119,200 SF
    Lot Size
    30,492 SF

    Building Details

    Year Built
    1920
    Buildings
    1
    Stories
    5
    Units
    123

    HighLights

    • Fully approved 123‑unit multifamily development in Bridgeport, CT's Black Rock neighborhood.
    • Desirable location in a vibrant shoreline community.
    • Mix of studio, one-, and two‑bedroom units.
    • Convenient proximity to retail, employment centers, and universities.
    • Transit‑oriented property with easy access to rail and major highways.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bridgeport
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.2236674
    Latitude
    41.1611304

    Nearby Similar for Sale

    • New
      $535,000
      2,352 SF

      Bridgeport Multifamily Property with Solar

      Two-unit multifamily property in Bridgeport's North End with modern updates.
      156 Garden Dr, Bridgeport, CT 06606
      View Details
    • New
      $549,000
      2,499 SF

      Turnkey Three-Family with Garage

      Three-family property with a separate income-producing three-car garage.
      386 Huntington Rd, Bridgeport, CT 06608
      View Details
    • $475,000
      Pending

      Bridgeport Two-Family Home with Garage

      Two-family home in Bridgeport near Main Street and St. Vincent Hospital.
      25 Manhattan Ave, Bridgeport, CT 06606
      View Details
    • New
      $662,000
      Pending

      Well-Maintained Bridgeport Three-Family Home

      Bright, spacious three-family home in Bridgeport, Connecticut.
      188 Monroe St, Bridgeport, CT 06605
      View Details
    • $340,000
      1,920 SF

      Bridgeport Multi-Family Investment Opportunity

      Two-unit property with renovation potential in a convenient location.
      1050 Hancock Ave, Bridgeport, CT 06605
      View Details
    • $184,900
      948 SF

      Medical Office Near St. Vincent's

      Commercial office space near shopping, highways, and parks.
      3715 Main St, Bridgeport, CT 06606
      View Details
    • $499,900
      1,740 SF

      Bridgeport Duplex on Quiet Cul-de-Sac

      Charming side-by-side brick duplex with fenced yards, great for income.
      242 Pearl Harbor St, Bridgeport, CT 06610
      View Details
    • $950,000
      3,492 SF

      Bridgeport Commercial Building For Sale

      Versatile 3,500 SF building in a high-demand mixed-use area.
      553 Center Street Ext, Bridgeport, CT 06604
      View Details
    • $649,900
      2,904 SF

      Bridgeport Three-Family Income Property

      Well-maintained three-family property in Bridgeport, near highways and transportation.
      85 Ash St, Bridgeport, CT 06605
      View Details
    • $428,000

      Bridgeport Multi-Unit For Sale

      Multi-unit property available in Bridgeport, Connecticut.
      68 Edwin St, Bridgeport, CT 06607
      View Details
    • $450,000
      1,952 SF

      Side-by-Side Duplex in Bridgeport

      Duplex with separate utilities, ideal for owner-occupants or investors.
      197 Dupont Pl, Bridgeport, CT 06610
      View Details
    • $497,000
      2,214 SF

      Bridgeport Two-Family Home For Sale

      Two-unit property in Bridgeport, CT, near transportation and amenities.
      1373 Iranistan Ave, Bridgeport, CT 06605
      View Details

    FAQs

    What type of property is this?
    Multifamily property - 123-Unit Multifamily Development Site
    Where is this multifamily property located?
    The property is located at 543 Ellsworth St Bridgeport, CT.
    What is the asking price?
    The asking price for this property is $5,535,000.
    What are key features of this property?
    This property features: Fully approved 123-unit multifamily development in Bridgeport, CT's Black Rock neighborhood.; Desirable location in a vibrant shoreline community.; Mix of studio, one-, and two-bedroom units.
    Request Owner's contact information
    543 Ellsworth St Bridgeport, CT 06605
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    543 Ellsworth St
    Bridgeport, CT 06605
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    543 Ellsworth St Bridgeport, CT 06605
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.