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191 Oak St 20 Unit Apartment Building $3,195,000 ($159,750/Unit) 8.70% Cap Rate Bridgeport, CT 06604
Matterport 3D Tour
INVESTMENT HIGHLIGHTS
- 191 Oak Street is a turnkey 20-unit multifamily asset featuring 18 one-bedroom units and two studios across three levels in a prime location.
- Capitalize on solid brick construction across three stories, off-street parking, and on-site laundry for tenant satisfaction and consistent retention.
- Surrounded by a growing population with a high average household income, and just five minutes from downtown, JFK Stadium, and neighboring amenities.
- Minutes from Downtown Bridgeport near Interstate 95, Route 1, Metro-North, and bus lines, ensuring strong commuter access and consistent demand.
- Nearly all units are subsidized, providing new ownership with stable cash flow and reduced vacancy risk for long-term investment performance.
EXECUTIVE SUMMARY
191 Oak Street presents an exceptional multifamily investment opportunity in Bridgeport, Connecticut. This turnkey, well-maintained 20-unit low-rise building has consistent tenant demand, providing immediate income and long-term upside. Constructed from solid brick, the three-story property comprises 18 one-bedroom units and two studio apartments.
Situated in a high-traffic, commuter-friendly corridor, 191 Oak Street is just minutes from Downtown Bridgeport with easy access to Interstate 95, Route 1, Metro-North, and local bus lines.
On-site amenities include ample off-street parking and on-site laundry facilities, enhancing tenant satisfaction and retention. Nearly all units are subsidized, offering investors stable, predictable cash flow.
John F. Kennedy Stadium, local dining, retailers, and schools are only blocks away from the property. A growing metro area of approximately 270,000 residents lives within 5 miles, with an average household income exceeding $101,000 annually. Whether expanding an investment portfolio or seeking a stable multifamily asset, 191 Oak Street delivers the ideal blend of location, performance, and buyer potential.
Situated in a high-traffic, commuter-friendly corridor, 191 Oak Street is just minutes from Downtown Bridgeport with easy access to Interstate 95, Route 1, Metro-North, and local bus lines.
On-site amenities include ample off-street parking and on-site laundry facilities, enhancing tenant satisfaction and retention. Nearly all units are subsidized, offering investors stable, predictable cash flow.
John F. Kennedy Stadium, local dining, retailers, and schools are only blocks away from the property. A growing metro area of approximately 270,000 residents lives within 5 miles, with an average household income exceeding $101,000 annually. Whether expanding an investment portfolio or seeking a stable multifamily asset, 191 Oak Street delivers the ideal blend of location, performance, and buyer potential.
MATTERPORT 3D TOUR
1 Bedroom and 1 Bathroom - Virtual Tour
OFFERING MEMORANDUM Click Here to Access
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $3,195,000 | Apartment Style | Low-Rise |
| Price Per Unit | $159,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.29 AC |
| Cap Rate | 8.70% | Building Size | 12,834 SF |
| No. Units | 20 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1966/2024 |
| Property Subtype | Apartment | Parking Ratio | 1.17/1,000 SF |
| Zoning | RC | ||
| Price | $3,195,000 |
| Price Per Unit | $159,750 |
| Sale Type | Investment |
| Cap Rate | 8.70% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 12,834 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1966/2024 |
| Parking Ratio | 1.17/1,000 SF |
| Zoning | RC |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Microwave
- Eat-in Kitchen
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Intercom
- Lawn
- Smoke Free
- Vinyl Flooring
- Large Bedrooms
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Fenced Lot
- Laundry Facilities
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| 1+1 | 18 | - | - |
Walk Score®
Very Walkable (85)
NEARBY AMENITIES
RESTAURANTS |
|||
|---|---|---|---|
| Terra | Brazilian | $$ | 3 min walk |
| Pizzamex | Pizza | - | 8 min walk |
| Omanel Restaurant | Portuguese | $$ | 7 min walk |
| El Idolo Restaurant | Latin American | - | 9 min walk |
RETAIL |
||
|---|---|---|
| Chase Bank | Bank | 10 min walk |
| CVS Pharmacy | Drug Store | 10 min walk |
| Walgreens | Drug Store | 10 min walk |
| Key Food | Supermarket | 13 min walk |
HOTELS |
|
|---|---|
| Best Western Plus |
58 rooms
6 min drive
|
| Marriott |
325 rooms
10 min drive
|
| Quality Inn |
82 rooms
9 min drive
|
| Hyatt House |
127 rooms
13 min drive
|
PROPERTY TAXES
| Parcel Number | BRID-001007-000002A | Improvements Assessment | $733,211 |
| Land Assessment | $329,180 | Total Assessment | $1,062,391 |
PROPERTY TAXES
Parcel Number
BRID-001007-000002A
Land Assessment
$329,180
Improvements Assessment
$733,211
Total Assessment
$1,062,391
SALE ADVISOR
SALE ADVISOR
Lisa Nussbaum
Lisa Nussbaum is a real estate broker with Top Tier Realty Group, serving Bridgeport, CT and nearby areas. She works with tenants, buyers, landlords, and sellers, offering responsive service and clear communication. Lisa focuses on understanding client needs and delivering results, whether helping find the right home or marketing a property to sell or rent.
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Top Tier Realty Group, LLC
191 Oak St
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