Three-Unit Property with
For Sale
$539,900
Pending
95-97 Bell Street, Bridgeport, CT 06610
Separate utility metering, off-street parking, and updated interior finishes support practical multifamily use.
Property Size19,203 SF
Days on Market12
Property Features for 95-97 Bell Street
General Information
Standard status
Pending
Size
19,203 SF
Total Parking Spaces
4
Property subtype
3 Family
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Amenities
full basement
Building Details
Building Size
19,203 SF
Year Built
1920
Listing Agency:
eXp Realty
(347) 575-8132
Listed By:
Craig Bellot · License #452508574
(347) 575-8132
Source:
Iverty
Added: Aug 18
Changed: Aug 28
Last Checked: Aug 26 at 8:35AM
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 eXp Realty
Investment Insights
Based on property information with market context.
Located at 95-97 Bell St in Bridgeport’s Mill Hill neighborhood, this three-unit property was built in 1920 and contains 2,669 square feet. Each floor provides a two-bedroom, one-bath layout, creating six bedrooms and three full baths overall. Interior features include hardwood flooring, updated kitchens and baths, and functional living arrangements.
The property includes separate utilities, natural gas forced-air heating, public water and sewer, vinyl siding, and a full basement. Four off-street parking spaces serve the building. Boston Avenue shopping and dining, public transportation, and major routes are identified nearby. The configuration supports either owner occupancy or multifamily investment use.
The property includes separate utilities, natural gas forced-air heating, public water and sewer, vinyl siding, and a full basement. Four off-street parking spaces serve the building. Boston Avenue shopping and dining, public transportation, and major routes are identified nearby. The configuration supports either owner occupancy or multifamily investment use.
Key Highlights
- Three‑floor layout with two bedrooms and one full bath on each level
- 2,669 square feet with 6 bedrooms and 3 full baths
- Separate utilities and natural gas forced‑air heat
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
$34,588
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
6.41%
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%
$691,760
$691.8K
Cap Rate 7%
$494,114
$494.1K
Cap Rate 9%
$384,311
$384.3K
Market Conditions
NOI Build-Up for 2,669 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
$52.8K $19.80/SF
− Vacancy
−$3.4K −$1.29/SF
EGI
$49.4K $18.51/SF
− OpEx
−$14.8K −$5.55/SF
NOI
$34.6K $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%
$691,760
Cap Rate 7%
$494,114
Cap Rate 9%
$384,311
Alternative Uses
Best Use
Multifamily LT 5
$494.1K
$432.4K – $576.5K
NOI $34,588 @ 7.0% cap · market cap 6.41%
Second Best
Apartment 5plus
$448.5K
$392.4K – $523.3K
NOI $31,395 @ 7.0% cap · market cap 5.81%
Theoretical Best
Office A
$761.8K
$666.6K – $888.8K
NOI $53,325 @ 7.0% cap · market cap 9.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,496
Businesses Nearby
Explore this area
Business Placement
Demographics for 06610, CT
23,347
Population
9,292
Households
2.5
Avg Household Size
39
Median Age
17%
College-Educated
78%
High-School Grad
3.1 sq mi
ZIP Area
7,531
Density / Sq Mi
$50,836
Median Household Income
$36,698
Median Earnings
$1,364
Median Rent
$224,700
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 - Separate utility metering, off-street parking, and updated interior finishes support practical multifamily use.
Where is this triplex located?
The property is located at 95-97 Bell Street Bridgeport, CT.
What is the asking price?
The asking price for this property is $539,900.
What are key features of this property?
This property features: Three‑floor layout with two bedrooms and one full bath on each level; 2,669 square feet with 6 bedrooms and 3 full baths; Separate utilities and natural gas forced‑air heat
