Multifamily Property for Sale in Bridgeport, CT

  • Price: $1.5M
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Bridgeport, CT 06605
  • Year built: 1912

Description

EAC Properties LLC is proud to exclusively present 86 Whittier Street for purchase. This offering presents a rare opportunity to acquire a former school building situated on 1.24 acres in the highly sought after Black Rock neighborhood of Bridgeport, CT. The property is slated for conversion into a 32-unit multifamily apartment community , with all necessary approvals to be delivered prior to closing. Its strategic location is within proximity to Metro North’s Black Rock/Fairfield Metro train station , providing excellent commuter access and supporting strong long-term rental demand. Black Rock offers a rare combination of lifestyle appeal, strong rental fundamentals, and long‑term growth potential . For multifamily investors and developers, it represents one of the most promising pockets of opportunity in Fairfield County—where demand is rising, supply is constrained, and the neighborhood’s unique charm continues to attract residents year after year. Land Size: 1.24 Ac | Year Built: 1912 | Listing Type: FOR SALE

Market Context

This multifamily in Bridgeport, CT is listed for sale at $1,500,000. The building dates to 1912. It has been on the market for 38 days. Compare it against other multifamily listings for sale in Bridgeport, CT — <a href="/search/sale/multifamily/connecticut/bridgeport">view the full market</a>.

As of Q4 2023, the Connecticut multifamily market showed average asking rents near $2185.00/unit/mo, rents up 1.6% year over year, and cap rates around 4.5%. Source: Consensus Q4 2023 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Multifamily market FAQ

What is the typical cap rate for multifamily in Connecticut?
About 4.5% as of Q4 2023, per Consensus.

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