2-Unit Duplex with Finished
For Sale
$599,900
1031 Lindley, Bridgeport, CT 06606
Each residence offers two bedrooms and a full bath, with extra finished area on a separate level.
Property Size2,376 SF
Price / SF$252.48
Days on Market19
Property Features for 1031 Lindley
General Information
Standard status
Active
Size
2,376 SF
Property subtype
2 Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1936
Buildings
1
Listing Agency:
William Raveis Real Estate
(203) 876-7507
Listed By:
Christopher Bjorklund · License #RES.0784303
Source:
Lockandkeyre
Added: Sep 25
Changed: Oct 11
Last Checked: Oct 12 at 7:05PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of William Raveis Real Estate
Investment Insights
Based on property information with market context.
Built in 1936, this 2,376-square-foot duplex contains two residences, each arranged with two bedrooms and one full bathroom. The first-floor unit has a finished basement, while the second-floor unit includes finished attic space, adding usable area beyond the main living floors.
The property is in Bridgeport’s North End/Brooklawn area, near shopping, schools, public transportation, major roadways, and everyday amenities. Its separate units and additional finished areas support a range of living arrangements, including occupancy of one unit alongside rental of the other.
The property is in Bridgeport’s North End/Brooklawn area, near shopping, schools, public transportation, major roadways, and everyday amenities. Its separate units and additional finished areas support a range of living arrangements, including occupancy of one unit alongside rental of the other.
Key Highlights
- Two units, each with 2 bedrooms and 1 full bath
- 2,376 square feet
- First‑floor residence includes a finished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,791
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$615,820
$615.8K
Cap Rate 7%
$439,871
$439.9K
Cap Rate 9%
$342,122
$342.1K
Market Conditions
NOI Build-Up for 2,376 SF
Gross rent
$47.0K $19.80/SF
− Vacancy
−$3.1K −$1.29/SF
EGI
$44.0K $18.51/SF
− OpEx
−$13.2K −$5.55/SF
NOI
$30.8K $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 Rate 5%
$615,820
Cap Rate 7%
$439,871
Cap Rate 9%
$342,122
Alternative Uses
Best Use
Multifamily LT 5
$439.9K
$384.9K – $513.2K
NOI $30,791 @ 7.0% cap · market cap 5.13%
Second Best
Apartment 5plus
$399.3K
$349.4K – $465.8K
NOI $27,948 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$678.2K
$593.4K – $791.2K
NOI $47,471 @ 7.0% cap · market cap 7.91%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,428
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers two bedrooms and a full bath, with extra finished area on a separate level.
Where is this duplex located?
The property is located at 1031 Lindley Bridgeport, CT.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 full bath; 2,376 square feet; First‑floor residence includes a finished basement
