Updated Triplex with Walk-Out
For Sale
$649,000
981 William St, Bridgeport, CT 06608
Three separate units provide six bedrooms, three full bathrooms, and off-street parking in Bridgeport.
Property Size2,234 SF
Price / SF$290.51
Days on Market92
Property Features for 981 William St
General Information
Standard status
Active
Size
2,234 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
3
Amenities
off-street parking
full walk-out basement
oversized backyard
Building Details
Year Built
1925
Buildings
1
Listing Agency:
Five Stars Realty
Listed By:
Minerva Vega Lozano (917) 902-0350 (860) 560-1500 · License #RES.0825064
(917) 902-0350
Source:
Fairfieldcountycthomesearch
Added: Jul 9
Changed: Oct 1
Last Checked: Oct 7 at 12:42PM
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 Five Stars Realty
Investment Insights
Based on property information with market context.
This legal three-family property at 981 William St in Bridgeport includes three separate units with a combined six bedrooms and three full bathrooms. A full walk-out basement adds storage, while the property also provides an oversized level backyard and off-street parking. Recent updates include heating systems, hot water heaters, the roof, vinyl siding, thermopane windows, kitchens, and bathrooms.
The property is near schools, shopping, restaurants, parks, public transportation, and major highways. Access to I-95, Route 15, and the Route 25/8 Connector adds regional connectivity. Built in 1925, the triplex offers a multifamily layout with updated building components and separate residential units.
The property is near schools, shopping, restaurants, parks, public transportation, and major highways. Access to I-95, Route 15, and the Route 25/8 Connector adds regional connectivity. Built in 1925, the triplex offers a multifamily layout with updated building components and separate residential units.
Key Highlights
- Legal three‑family property with 3 separate units
- Six bedrooms and 3 full bathrooms
- Full walk‑out basement for additional storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,951
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$579,020
$579.0K
Cap Rate 7%
$413,586
$413.6K
Cap Rate 9%
$321,678
$321.7K
Market Conditions
NOI Build-Up for 2,234 SF
Gross rent
$44.2K $19.80/SF
− Vacancy
−$2.9K −$1.29/SF
EGI
$41.4K $18.51/SF
− OpEx
−$12.4K −$5.55/SF
NOI
$29.0K $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%
$579,020
Cap Rate 7%
$413,586
Cap Rate 9%
$321,678
Alternative Uses
Best Use
Multifamily LT 5
$413.6K
$361.9K – $482.5K
NOI $28,951 @ 7.0% cap · market cap 4.46%
Second Best
Apartment 5plus
$375.4K
$328.5K – $438.0K
NOI $26,278 @ 7.0% cap · market cap 4.05%
Theoretical Best
Office A
$637.6K
$557.9K – $743.9K
NOI $44,634 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,368
Businesses Nearby
Explore this area
Business Placement
Demographics for 06608, CT
14,312
Population
4,915
Households
2.9
Avg Household Size
33
Median Age
7%
College-Educated
67%
High-School Grad
1.0 sq mi
ZIP Area
14,312
Density / Sq Mi
$43,008
Median Household Income
$30,524
Median Earnings
$1,311
Median Rent
$222,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three separate units provide six bedrooms, three full bathrooms, and off-street parking in Bridgeport.
Where is this triplex located?
The property is located at 981 William St Bridgeport, CT.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Legal three‑family property with 3 separate units; Six bedrooms and 3 full bathrooms; Full walk‑out basement for additional storage
