111 Calhoun Pl · Bridgeport, CT 06606

$650,000

6 bd · 3.0 ba · 3,020 sqft · MultiFamily public records · 14 Days on market

Built 1917 2,613 sqft lot Est $601k · 8% over

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Why this score? — see what drove the D+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +21.4/30.0
• DSCR +6.8/10.0
• 1% rule +5.2/10.0
• Livability +4.0/5.0
• ARV discount +3.8/15.0
• Rent growth +3.3/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 3 units. confirmed

Listing remarks MLS

3 Family house, offering 2 bedrooms each floor, 1st and 2nd floor freshly paint. close to 95 route 8, town hall and kolbe cathedral High School. make an offer!!!

Key facts

• 2,613 sq ft lot
• 3 parking spots
• Built 1917

Property features AI

Exterior

• Parking: Off-street parking; 3 total parking spaces
• Utilities: Public water (in street); Public sewer (in street); Gas available in street
• Home design: Multi-family (3-family)
• Construction: Frame construction; Block foundation; Asphalt shingle roof
• Exterior features: Level lot; Aluminum and stucco siding; Green exterior color

Interior

• Bedrooms: 6 bedrooms
• Bathrooms: 3 full bathrooms
• Heating & cooling: Hot air heat; Window unit cooling; 30-gallon hot water tank
• Interior features: Full basement; Attic

What this means for you Summary

Snapshot

• This is a 3 × 2-bed/1.0-bath units multifamily listed at $650k.

Deal economics

• At list price, monthly cash flow is $968 ($12k/yr) — positive. Per door: $323/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($7k rent vs $650k).
• Cap rate 8.1% vs local median 5.0% in Bridgeport — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 81/100 on livability (#15 in CT, #1,374 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, health & safety A+; Watch: crime C-, employment D+, schools D-.
• Bridgeport School District (urban): math 9% / reading 19% proficiency, ranked #151 of 153 in CT (top 99%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 97% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+3.1%/yr); 152 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; 852 units permitted in Greater Bridgeport Planning Region in 2024 (698 in 5+ unit buildings).
• At $6,600/mo this rent would consume 108% of the median local household income ($73k/yr) (locally 2163% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $4k of loan paydown is wiped out by about $20k of value loss. Plan a longer hold.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 32y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $205k; list at $650k implies a 217% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1917 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 41% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $650,000

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
3. Built in 1917 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.02% ✓
• Cap rate: 8.08%
• Cash-on-cash: 6.39%
• DSCR: 1.28
• GRM: 8.2

CMA / ARV

• ARV (on-the-fly): $600,980
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
41-43 Worth St	0.28mi	5/3.0 (-1)	3,044 (+1%)	0mo	$640,000	$210	80
103 Highland Ave	0.26mi	6/3.0	3,122 (+3%)	10mo	$510,000	$163	74
213 Harral Ave	0.09mi	7/4.0 (+1)	3,259 (+8%)	6mo	$650,000	$199	68
227-229 Laurel Ave	0.42mi	6/4.0	3,072 (+2%)	16mo	$691,875	$225	60
392 Laurel Ave	0.54mi	6/3.0	3,138 (+4%)	11mo	$489,500	$156	59
1599 Park Ave	0.42mi	6/2.0	3,126 (+4%)	15mo	$595,000	$190	58
1522 North Ave	0.55mi	7/3.0 (+1)	2,834 (-6%)	2mo	$460,000	$162	58
592 Norman St	0.33mi	5/3.0 (-1)	2,636 (-13%)	3mo	$510,000	$193	56
73 Yale St	0.64mi	5/3.0 (-1)	3,044 (+1%)	14mo	$580,000	$191	52
414 Wood Ave	0.53mi	6/3.0	2,653 (-12%)	4mo	$700,000	$264	52
1391 North Ave	0.56mi	7/2.0 (+1)	2,816 (-7%)	13mo	$600,000	$213	43
533 Clinton Ave	0.75mi	6/2.0	3,459 (+14%)	4mo	$690,000	$199	34

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.12% rent growth · sell at horizon

5-year hold

• IRR: -6.3%
• Equity multiple: 0.76×
• Total profit: $-42,898
• Equity at exit: $96,917

10-year hold

• IRR: 3.4%
• Equity multiple: 1.25×
• Total profit: $45,144
• Equity at exit: $56,200

Cash invested: $182,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 27 Tenant-Leaning
• State Connecticut: 27 Tenant-Leaning · D+7
• County: — inherits STATE
• City: — inherits STATE

Strong tenant statutes; rent commissions in some towns; courts slow especially in cities.

Methodology + full state rankings →

ZIP-level market 06606

• Rents YoY: 3.1%
• Active inventory: 152
• Price-to-rent: 24.6×

Monthly cashflow live

• Estimated rent: $6,600 high
• Mortgage (P&I): −$3,409
• Tax from tax record: −$566 /mo · $6,792/yr
• Insurance: −$271
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,386
• Net cashflow: $968

Break-even live

Break-even rent $5,374

Max offer price $650,000

Occupancy floor 80%

3-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 3× units	2	1	$6,600
Total (3 units)			$6,600

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $162,500
• Closing costs: $19,500
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
107 Catherine St Bridgeport, CT	7.0	2.5	4104	$2,900	$0.71	14d	1	0.40mi
1566 North Ave Bridgeport, CT	5.0	1.0	2837	$2,500	$0.88	43d	1	0.51mi
241 Lewis St Unit 241 Bridgeport, CT	6.0	2.0	2300	$3,500	$1.52	43d	1	0.67mi
7 Armstrong Pl Bridgeport, CT	5.0	1.0	2449	$2,750	$1.12	23d	1	0.79mi
41 Perth St Bridgeport, CT	6.0	2.0	2640	$2,200	$0.83	14d	1	1.37mi

Listing history 11 events

1. 2026-06-18
   days on market $650,000 Active 14 DOM
2. 2026-06-17
   days on market $650,000 Active 13 DOM
3. 2026-06-16
   days on market $650,000 Active 12 DOM
4. 2026-06-15
   days on market $650,000 Active 11 DOM
5. 2026-06-13
   days on market $650,000 Active 9 DOM
6. 2026-06-13
   days on market $650,000 Active 8 DOM
7. 2026-06-10
   days on market $650,000 Active 6 DOM
8. 2026-06-09
   days on market $650,000 Active 5 DOM
9. 2026-06-08
   days on market $650,000 Active 4 DOM
10. 2026-06-07
    remarks 84-char remark
11. 2026-06-07
    listed $650,000 Active 3 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast CT · Partial reset (capped growth)

• Current annual tax: $6,792 · $566/mo
• Projected year-2 tax: $10,351 · $863/mo
• Expected delta: +$3,559/yr (+$297/mo · 52.4%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥97°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 41% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $79,200
• − Mortgage interest: −$36,410
• − Property taxes: −$6,792
• − Insurance: −$3,250
• − Repairs & maintenance: −$6,336
• − Management: −$6,336
• − Depreciation: −$18,909
• Taxable income: $1,167
• Est. tax owed @ 24.0%: −$280
• After-tax cash flow: $11,342/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Bridgeport School District
• NCES district ID: 0900450
• Math proficiency: 9% ▼ -7.00%
• Reading proficiency: 19% ▼ -10.00%
• Median HH income: $41,507
• Composite: 12.09/100
• National rank: #9656
• State rank: #151 of 153 in CT

Livability — Bridgeport

• Score: 81/100
• State rank: #15
• US rank: #1374

Category grades

Amenities A+ Commute A+ Cost of living B+ Crime C- Employment D+ Housing A Health & safety A+ User ratings D

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bridgeport, CT
• County: Fairfield County · 765,532 people
• City population: 149,153
• Metro: Bridgeport-Stamford-Norwalk, CT
• Population (ZIP): 49,308
• Household income: $73,372
• Rent vs Own: 42.9% rent · 57.1% own
• Severe rent burden: 2163.0

Population outlook (Greater Bridgeport County) Hauer SSP2

• By 2040: 365,581

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.73)
• Race & ethnicity: Hispanic / Latino 37% White 31% Black 19% Two or more races 11% Asian 7%
• Hispanic origin (detail): Mexican 5% Puerto Rican 12% Dominican 4%
• Common ancestry: Estonian 5% Russian 4% Romanian 3%
• Foreign-born: 37% · Canada, Jamaica, Vietnam
• Languages at home: 50% English-only · Spanish 27% Other Indo-European 15% French/Haitian/Cajun 2%

Political lean MEDSL · Greater Bridgeport

• 2024 margin: Strong D (+23.3) · D 60.9% · R 37.6% · Other 1.5%
• All cycles: 2024: D+23.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -270.11%
• Current HPI: 345.647
• Rent YoY: ▲ 3.12%
• Metro: Bridgeport-Stamford-Norwalk, CT
• State GDP YoY: ▲ 1.06%
• F500 in state: 38

Industry mix (Fortune 500 HQ in CT)

Industry	F500 HQs	Revenue
▸Industrial Machinery	4	$38B
▸Insurance	3	$71B
▸Financial Services	2	$25B
▸Transportation / Logistics	2	$18B
▸Healthcare	1	$247B
▸Telecommunications	1	$55B

Price history

+1202.6% since first listed

19 events — show timeline

• 2026-06-04 Listed $650,000 Smart MLS
• 2019-02-04 Sold (Public Records) $205,000 Public Records
• 2019-02-01 Sold (MLS) $205,000 Smart MLS
• 2018-12-28 Listing Removed — Smart MLS
• 2018-11-13 Contingent — Smart MLS
• 2018-08-31 Price Changed $249,000 Smart MLS
• 2018-06-08 Price Changed $255,000 Smart MLS
• 2018-06-06 Listed $155,000 Smart MLS
• 2006-11-06 Sold (Public Records) $249,900 Public Records
• 2006-11-06 Sold (Public Records) $249,900 Public Records
• 2006-10-31 Sold (MLS) $249,900 Smart MLS
• 2006-04-12 Listed $249,900 Smart MLS
• 2004-10-18 Sold (MLS) $180,000 Smart MLS
• 2004-07-08 Listed $189,900 Smart MLS
• 2002-02-25 Sold (Public Records) $59,000 Public Records
• 1995-09-26 Sold (MLS) $14,000 Smart MLS
• 1995-09-19 Listed $19,900 Smart MLS
• 1995-05-09 Listing Removed — Smart MLS
• 1994-11-09 Listed $49,900 Smart MLS

Property tax history

+0.9%/yr

Latest (2023): $6,792 · +0.0% YoY. Source: county tax records.