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Whittier Portfolio 2 Multifamily Properties Offered at $3,800,000 in Bridgeport, CT
INVESTMENT HIGHLIGHTS
- Renovated
- Brick Buildings
- Lots of Natural Lights
EXECUTIVE SUMMARY
Introducing 25 & 31 Whittier—two fully renovated 8-unit properties offered as a 16-unit portfolio in one of Black Rock’s most desirable rental corridors. Each building features modern upgrades, strong unit mixes, and three vacant units per property, providing immediate value-add potential and flexibility for investor strategy.
Ownership is open to discussions on filling the current vacancies, which would bring the portfolio to an attractive entry cap rate of 7.71%, supported by a solid $292,999 NOI. With straightforward rent optimization and stabilization, the pro forma projects a strong 9.18% cap rate, delivering just under $250,000 in NOI—showcasing clear upside in a high-demand rental market.
This portfolio offers a rare combination of renovation quality, upside potential, and location strength. Black Rock continues to be one of Bridgeport’s most stable and sought-after neighborhoods, known for its restaurants, marina, Fairfield line access, and consistent tenant demand.
A turn-key opportunity with immediate cash flow and long-term growth—ideal for any investor seeking scale, stability, and strong returns in Fairfield County.
Ownership is open to discussions on filling the current vacancies, which would bring the portfolio to an attractive entry cap rate of 7.71%, supported by a solid $292,999 NOI. With straightforward rent optimization and stabilization, the pro forma projects a strong 9.18% cap rate, delivering just under $250,000 in NOI—showcasing clear upside in a high-demand rental market.
This portfolio offers a rare combination of renovation quality, upside potential, and location strength. Black Rock continues to be one of Bridgeport’s most stable and sought-after neighborhoods, known for its restaurants, marina, Fairfield line access, and consistent tenant demand.
A turn-key opportunity with immediate cash flow and long-term growth—ideal for any investor seeking scale, stability, and strong returns in Fairfield County.
DATA ROOM Click Here to Access
TAXES & OPERATING EXPENSES (PRO FORMA - 2025) Click Here to Access |
ANNUAL |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
$99,999
|
| Vacancy Loss |
$99,999
|
| Effective Gross Income |
$99,999
|
| Taxes |
$99,999
|
| Operating Expenses |
$99,999
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
TAXES & OPERATING EXPENSES (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
PROPERTY FACTS
| Price | $3,800,000 | Number of Properties | 2 |
| Price / SF | $326.24 / SF | Individually For Sale | 0 |
| Cap Rate | 7.71% | Total Building Size | 11,648 SF |
| Sale Type | Investment | Total Land Area | 0.16 AC |
| Status | Active |
| Price | $3,800,000 |
| Price / SF | $326.24 / SF |
| Cap Rate | 7.71% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 11,648 SF |
| Total Land Area | 0.16 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 25 Whittier St, Bridgeport, CT 06605 | Multifamily | 5,824 SF | 1917 | - |
| 31 Whittier St, Bridgeport, CT 06605 | Multifamily | 5,824 SF | 1917 | - |
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