Two-Unit Residential Income
1232-1234 Reservoir Avenue Bridgeport, CT 06606
1232-1234 Reservoir Avenue, Bridgeport, CT, 06606
$520,000
For Sale
$520,000
MULTI_FAMILY - Bridgeport, CT
Property Size2,044 SF
Lot Size0.11 Acres
Price / SF$254.40
Days on Market63
Property Features for 1232-1234 Reservoir Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RA
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bathroom 2, Basement, Bathroom 1, Bedroom 4, Bedroom 2, Bedroom 1
- Parking
- 6
- Patio and Porch features
- Porch
- Exterior features
- Sidewalk,Porch,Gutters,Lighting
- Basement
- Full
- Standard status
- Active
- Size
- 2,044 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 7840
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1953
- Architectural style
- Other
Listing Agency
William Pitt Sotheby's Int'l
(203) 255-9900
132 Old Post Road, Stamford, CT
Listed by
Erika Portanova Songer · License #RES.0764485
(203) 258-1831
Added: May 15 Checked: Jul 16 at 3:06 pm
MLS# 24175818
Listing URL
Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-family residential income property includes mirrored main and upper floor layouts, with each unit offering two bedrooms, one full bath, a living room, and an eat-in kitchen. In addition, the finished lower level adds approximately 400 square feet of extra living space and includes a pool table that remains with the sale. Tenants share access to the lower level, where the common laundry area is located.
The property sits on a 0.11-acre lot and includes a large two-car detached garage and ample parking in the private driveway. Zoning is listed as RA. The address is 1232-1234 Reservoir Avenue, Bridgeport, CT 06606. Tenants do not convey with the sale, and 24 hours’ notice is required prior to showings.
The property sits on a 0.11-acre lot and includes a large two-car detached garage and ample parking in the private driveway. Zoning is listed as RA. The address is 1232-1234 Reservoir Avenue, Bridgeport, CT 06606. Tenants do not convey with the sale, and 24 hours’ notice is required prior to showings.
Key Highlights
- 2‑family home with 2 mirrored units, each featuring 2 bedrooms, 1 full bath, living room, and eat‑in kitchen
- 2044 sq ft total living space with a finished lower level adding about 400 sq ft of extra living space
- Large 2‑car detached garage plus ample parking in a private driveway
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.5k | $19.80 |
| − Vacancy | −$2.6k | −$1.29 |
| EGI | $37.8k | $18.51 |
| − OpEx | −$11.4k | −$5.55 |
| NOI | $26.5k | $12.96 |
2,044 SF · lease $19.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$378.4K
$331.1K – $441.5K
NOI $26,488 @ 7.0% cap · market cap 5.09%
Second Best
Apartment 5plus
$343.5K
$300.5K – $400.7K
NOI $24,043 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$583.4K
$510.5K – $680.6K
NOI $40,838 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two mirrored units each offer two bedrooms, with a finished lower level and detached two-car garage with ample driveway parking.
Where is this duplex located?
The property is located at 1232-1234 Reservoir Avenue Bridgeport, CT.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: 2‑family home with 2 mirrored units, each featuring 2 bedrooms, 1 full bath, living room, and eat‑in kitchen; 2044 sq ft total living space with a finished lower level adding about 400 sq ft of extra living space; Large 2‑car detached garage plus ample parking in a private driveway
