Updated Two-Family
For Sale
$539,000
95-97 Englewood Avenue, Bridgeport, CT 06606
MULTI_FAMILY - Bridgeport, CT
Property Size2,442 SF
Lot Size0.13 Acres
Price / SF$220.72
Days on Market8
Property Features for 95-97 Englewood Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RA
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 2, Basement, Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 1
Parking
4
Patio and Porch features
Deck
Exterior features
Balcony,Covered Deck
Basement
Full, Unfinished
Lot features
Level Lot, On Cul- De- Sac
Elementary school
Per Board of Ed
High school
Per Board of Ed
Directions
GPS
Subdivision
North End
Standard status
Active
Size
2,442 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
8722
Utilities
Sewer type
Public Sewer
Heating system
Radiant
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1940
Architectural style
Other
Listing Agency:
Keller Williams Realty
(203) 429-4020
Listed By:
Emiliano Navarro · License #RES.0787327
(203) 803-0932
Added: Aug 4
Changed: Aug 8
Last Checked: Aug 11 at 9:06PM
MLS# 24196503
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 1940 duplex contains 2,442 square feet on a 0.13-acre parcel, with two residences offering two bedrooms and one full bathroom each. Hardwood flooring runs through both units. The first-floor apartment has quartz counters, newer cabinetry and appliances, plus a renovated bathroom. Upstairs, a heated finished walk-up attic adds adaptable interior space, while a newer furnace serves the second-floor unit. A newer roof, updated mechanical systems, radiant heat, window-unit cooling, and updated bathrooms add to the property’s physical improvements. A detached two-car garage, balcony, covered deck, and deck are also included.
The property is at 95-97 Englewood Avenue in Bridgeport’s North End, positioned on a cul-de-sac near shopping, restaurants, parks, Sacred Heart University, St. Vincent’s Medical Center, and major commuter routes. Public water and public sewer serve the property, which is zoned RA.
The property is at 95-97 Englewood Avenue in Bridgeport’s North End, positioned on a cul-de-sac near shopping, restaurants, parks, Sacred Heart University, St. Vincent’s Medical Center, and major commuter routes. Public water and public sewer serve the property, which is zoned RA.
Key Highlights
- Two‑family duplex with 2,442 square feet on a 0.13‑acre lot
- Two units, each with 2 bedrooms and 1 full bath
- Finished, heated walk‑up attic in the second‑floor unit
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
$31,646
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
5.87%
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%
$632,920
$632.9K
Cap Rate 7%
$452,086
$452.1K
Cap Rate 9%
$351,622
$351.6K
Market Conditions
NOI Build-Up for 2,442 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
$48.4K $19.80/SF
− Vacancy
−$3.1K −$1.29/SF
EGI
$45.2K $18.51/SF
− OpEx
−$13.6K −$5.55/SF
NOI
$31.6K $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%
$632,920
Cap Rate 7%
$452,086
Cap Rate 9%
$351,622
Alternative Uses
Best Use
Multifamily LT 5
$452.1K
$395.6K – $527.4K
NOI $31,646 @ 7.0% cap · market cap 5.87%
Second Best
Apartment 5plus
$410.4K
$359.1K – $478.8K
NOI $28,725 @ 7.0% cap · market cap 5.33%
Theoretical Best
Office A
$697.0K
$609.9K – $813.2K
NOI $48,790 @ 7.0% cap · market cap 9.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
924
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
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 - Each residence includes two bedrooms, one full bath, hardwood floors, and access to flexible additional space.
Where is this duplex located?
The property is located at 95-97 Englewood Avenue Bridgeport, CT.
What is the asking price?
The asking price for this property is $539,000.
What are key features of this property?
This property features: Two‑family duplex with 2,442 square feet on a 0.13‑acre lot; Two units, each with 2 bedrooms and 1 full bath; Finished, heated walk‑up attic in the second‑floor unit
