86 Whittier Street Bridgeport Connecticut — Sale in Bridgeport, CT

  • Price: $1.4M
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Bridgeport, CT 06605

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. The asking price of $1,400,000 is FAIRLY PRICED based on comprehensive market analysis: • Base Case Stabilized Value: $8.35M+ (155% above total development cost) • Strong 15.58% Cash-on-Cash Return at market rents • Positive residual land value in Base Case ($2.96M) validates pricing • Comparable new construction trades at $325,000/unit vs. $168,469 all-in cost • 9.68% Yield on Cost exceeds typical market returns of 7-8% Land Size: 1.24 Ac | Listing Type: FOR SALE

Market Context

This multifamily in Bridgeport, CT is listed for sale at $1,400,000. It has been on the market for 23 days. Compare it against other multifamily listings for sale in Bridgeport, CT — view the full market.

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