Two-Unit Duplex with Two-Car
For Sale
$599,000
107 Fairview Avenue, Bridgeport, CT 06606
Income-producing two-unit duplex with basement laundry hookups and a two-car garage near St. Vincent's Hospital.
Property Size3,170 SF
Days on Market76
Property Features for 107 Fairview Avenue
General Information
Standard status
Active
Size
3,170 SF
Total Parking Spaces
2
Property subtype
Multi Family Home
Zoning
RA
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$9,027
Building Details
Building Size
3,170 SF
Year Built
1925
Units
3
Tenancy
Multi
Listing Agency:
Keller Williams Realty
(203) 858-2192
Listed By:
Angela Araujo
(203) 858-2192
Source:
Westshorerealty
Added: Jun 11
Changed: Aug 23
Last Checked: Aug 24 at 2:38PM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This two-unit duplex is positioned as an income-producing property while also accommodating owner-occupancy. The home includes laundry hookups in the basement and a two-car garage, providing practical on-site utility and covered parking. With a versatile multi-family layout, the property can support a live-in-and-lease setup or a fully rental-focused approach.
The property is located at 107 Fairview Avenue in Bridgeport, Connecticut, about one block from St. Vincent's Hospital. The surrounding area is described as being convenient to hospitals, shopping, restaurants, public transportation, and major highways, supporting everyday accessibility for tenants and residents.
For buyers seeking a multi-family asset with functional in-house laundry and garage parking, this duplex offers a straightforward residential income profile. Its configuration may appeal to owner-occupants who want to occupy one unit while renting the other, or to investors evaluating a residential income property close to healthcare and other daily needs. If you’re looking for a duplex with amenities and a flexible live/work or rental strategy, this Fairview Avenue property is worth a closer look.
The property is located at 107 Fairview Avenue in Bridgeport, Connecticut, about one block from St. Vincent's Hospital. The surrounding area is described as being convenient to hospitals, shopping, restaurants, public transportation, and major highways, supporting everyday accessibility for tenants and residents.
For buyers seeking a multi-family asset with functional in-house laundry and garage parking, this duplex offers a straightforward residential income profile. Its configuration may appeal to owner-occupants who want to occupy one unit while renting the other, or to investors evaluating a residential income property close to healthcare and other daily needs. If you’re looking for a duplex with amenities and a flexible live/work or rental strategy, this Fairview Avenue property is worth a closer look.
Key Highlights
- Two‑unit duplex, built in 1925, positioned one block from St. Vincent's Hospital
- Income‑producing multi‑family layout with space for owner‑occupants or investors
- Basement laundry hookups included
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
$41,080
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
6.86%
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%
$821,600
$821.6K
Cap Rate 7%
$586,857
$586.9K
Cap Rate 9%
$456,444
$456.4K
Market Conditions
NOI Build-Up for 3,170 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
$62.8K $19.80/SF
− Vacancy
−$4.1K −$1.29/SF
EGI
$58.7K $18.51/SF
− OpEx
−$17.6K −$5.55/SF
NOI
$41.1K $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%
$821,600
Cap Rate 7%
$586,857
Cap Rate 9%
$456,444
Alternative Uses
Best Use
Multifamily LT 5
$586.9K
$513.5K – $684.7K
NOI $41,080 @ 7.0% cap · market cap 6.86%
Second Best
Apartment 5plus
$532.7K
$466.1K – $621.5K
NOI $37,288 @ 7.0% cap · market cap 6.23%
Theoretical Best
Office A
$904.8K
$791.7K – $1.06M
NOI $63,335 @ 7.0% cap · market cap 10.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,272
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 - Income-producing two-unit duplex with basement laundry hookups and a two-car garage near St. Vincent's Hospital.
Where is this duplex located?
The property is located at 107 Fairview Avenue Bridgeport, CT.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Two‑unit duplex, built in 1925, positioned one block from St. Vincent's Hospital; Income‑producing multi‑family layout with space for owner‑occupants or investors; Basement laundry hookups included
