Duplex With Separate
For Sale
$689,000
4 Ascolese Road, Trumbull, CT 06611
Multi-Family For Sale, Units on different Floors, Trumbull, CT
Property Size1,935 SF
Lot Size0.33 Acres
Price / SF$356.07
Days on Market15
Property Features for 4 Ascolese Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
A
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 2, Basement, Bedroom 4, Bathroom 1
Fireplace
1
Basement
Full
Lot features
Level Lot
Elementary school
Per Board of Ed
High school
Per Board of Ed
Directions
Main Ave to Lake Ave to Ascolese
Subdivision
Long Hill
Standard status
Active
Size
1,935 SF
Lot size
0.33 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
9265
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1954
Architectural style
Other
Listing Agency:
Country Club Properties
(203) 322-8770
Listed By:
Ruth Miner
(203) 858-9750
Added: Aug 19
Changed: Aug 30
Last Checked: Sep 2 at 3:06PM
MLS# 24196779
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 1,935-square-foot duplex combines an updated ranch-style upper residence with a legal two-bedroom apartment on the lower level. The main dwelling includes five bedrooms, two full bathrooms, an updated kitchen, updated bathrooms, and a heated sunroom used as a family room. Crown molding and recessed lighting add to the interior improvements, while a fireplace provides an additional feature.
The lower apartment has its own entrance and separate driveway. Outdoor improvements include a gazebo and a fully fenced rear yard. The property occupies 0.33 acres and was built in 1954, with hot-water heating, window-unit cooling, public water, and public sewer. Zoning is A. The lower-level tenant is expected to vacate, and the upper level is available for immediate occupancy.
The lower apartment has its own entrance and separate driveway. Outdoor improvements include a gazebo and a fully fenced rear yard. The property occupies 0.33 acres and was built in 1954, with hot-water heating, window-unit cooling, public water, and public sewer. Zoning is A. The lower-level tenant is expected to vacate, and the upper level is available for immediate occupancy.
Key Highlights
- Legal 2‑bedroom lower‑level apartment with separate entrance and driveway
- 1,935 square feet on a 0.33‑acre lot
- Upper residence includes 5 bedrooms and 2 full bathrooms
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
$25,076
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
3.64%
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%
$501,520
$501.5K
Cap Rate 7%
$358,229
$358.2K
Cap Rate 9%
$278,622
$278.6K
Market Conditions
NOI Build-Up for 1,935 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
$38.3K $19.80/SF
− Vacancy
−$2.5K −$1.29/SF
EGI
$35.8K $18.51/SF
− OpEx
−$10.7K −$5.55/SF
NOI
$25.1K $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%
$501,520
Cap Rate 7%
$358,229
Cap Rate 9%
$278,622
Alternative Uses
Best Use
Multifamily LT 5
$358.2K
$313.5K – $417.9K
NOI $25,076 @ 7.0% cap · market cap 3.64%
Second Best
Apartment 5plus
$325.2K
$284.5K – $379.4K
NOI $22,761 @ 7.0% cap · market cap 3.30%
Theoretical Best
Office A
$552.3K
$483.3K – $644.3K
NOI $38,660 @ 7.0% cap · market cap 5.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
193
Businesses Nearby
Explore this area
Business Placement
Demographics for 06611, CT
36,835
Population
12,468
Households
3
Avg Household Size
43
Median Age
60%
College-Educated
95%
High-School Grad
23.3 sq mi
ZIP Area
1,581
Density / Sq Mi
$163,227
Median Household Income
$75,795
Median Earnings
$2,292
Median Rent
$495,300
Median Home Value
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 - Updated two-level residence with a legal lower-floor apartment, private outdoor space, and public utilities.
Where is this duplex located?
The property is located at 4 Ascolese Road Trumbull, CT.
What is the asking price?
The asking price for this property is $689,000.
What are key features of this property?
This property features: Legal 2‑bedroom lower‑level apartment with separate entrance and driveway; 1,935 square feet on a 0.33‑acre lot; Upper residence includes 5 bedrooms and 2 full bathrooms
