Two-Family Home with New
New
For Sale
$479,900
176 Manhattan Avenue, Bridgeport, CT 06606
Multi-Family For Sale, Units on different Floors, Bridgeport, CT
Property Size3,110 SF
Lot Size0.10 Acres
Price / SF$154.31
Days on Market3
Property Features for 176 Manhattan Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RA
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bedroom 5, Basement, Bathroom 1, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 6, Bedroom 1, Bedroom 4
Fireplace
1
Basement
Full
Appliances
Gas Range
Lot features
Level Lot
Elementary school
Per Board of Ed
High school
Central
Directions
GPS Friendly
Subdivision
North End
Special listing conditions
Short Sale
Standard status
Active
Size
3,110 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
9010
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Water source
Public
Building Details
Year built
1900
Architectural style
Other
Listing Agency:
Vylla Home (CT) LLC
(860) 983-6956
Listed By:
Jorge Cintron
(617) 877-6033
Added: Sep 12
Changed: Sep 13
Last Checked: Sep 14 at 6:06AM
MLS# 24206579
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.
Built in 1900, this 3,110-square-foot duplex contains two residential units arranged across the first floor, second floor, and walk-up attic. The first-floor unit includes two bedrooms, a living room, dining room, and one bathroom. The upper-level configuration includes four bedrooms, a living room, dining room, and one bathroom. A gas range and fireplace are present, while public water and public sewer serve the property.
The 0.1-acre parcel provides off-street parking and a shed. The roof is new, but the house requires repairs and has no working mechanical systems. The property is offered as-is and is zoned RA. Its North End location provides access to hospitals, shopping, train stations, and major highways, with New York City approximately one hour away.
The 0.1-acre parcel provides off-street parking and a shed. The roof is new, but the house requires repairs and has no working mechanical systems. The property is offered as-is and is zoned RA. Its North End location provides access to hospitals, shopping, train stations, and major highways, with New York City approximately one hour away.
Key Highlights
- 3,110‑square‑foot two‑family property built in 1900
- First‑floor unit with 2 bedrooms, living room, dining room, and 1 bath
- Second floor and walk‑up attic provide 4 bedrooms, living room, dining room, and 1 bath
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$40,303
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.40%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$806,060
$806.1K
Cap Rate 7%
$575,757
$575.8K
Cap Rate 9%
$447,811
$447.8K
Market Conditions
NOI Build-Up for 3,110 SF
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.
Gross rent
$61.6K $19.80/SF
− Vacancy
−$4.0K −$1.29/SF
EGI
$57.6K $18.51/SF
− OpEx
−$17.3K −$5.55/SF
NOI
$40.3K $12.96/SF
Area
Bridgeport, CT
Vacancy
6.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$806,060
Cap Rate 7%
$575,757
Cap Rate 9%
$447,811
Alternative Uses
Best Use
Multifamily LT 5
$575.8K
$503.8K – $671.7K
NOI $40,303 @ 7.0% cap · market cap 8.40%
Second Best
Apartment 5plus
$522.6K
$457.3K – $609.7K
NOI $36,582 @ 7.0% cap · market cap 7.62%
Theoretical Best
Office A
$887.7K
$776.7K – $1.04M
NOI $62,136 @ 7.0% cap · market cap 12.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,380
Businesses Nearby
Explore this area
Business Placement
Demographics for 06606, CT
48,427
Population
19,002
Households
2.5
Avg Household Size
36
Median Age
23%
College-Educated
82%
High-School Grad
5.3 sq mi
ZIP Area
9,137
Density / Sq Mi
$68,538
Median Household Income
$35,128
Median Earnings
$1,434
Median Rent
$272,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-level duplex with an attic, off-street parking, and a detached shed in Bridgeport’s North End.
Where is this duplex located?
The property is located at 176 Manhattan Avenue Bridgeport, CT.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: 3,110‑square‑foot two‑family property built in 1900; First‑floor unit with 2 bedrooms, living room, dining room, and 1 bath; Second floor and walk‑up attic provide 4 bedrooms, living room, dining room, and 1 bath
