Four-Bedroom-Side
New
For Sale
$799,999
1084 Iranistan Avenue, Bridgeport, CT 06604
Each residence includes two-and-a-half bathrooms and may suit an owner-occupant or rental use.
Property Size4,072 SF
Days on Market4
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Property Features for 1084 Iranistan Avenue
General Information
Standard status
Active
Size
4,072 SF
Property subtype
2 Family
Units
Unit Mix
2 x 4BR/2.5BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$9,996
Building Details
Building Size
4,072 SF
Year Built
1907
Buildings
1
Listing Agency:
GRL & Realtors, LLC
Listed By:
Diana Nastri · License #RES.0792538
(203) 430-4924
Source:
Higginsgroup
Added: Oct 12
Changed: Oct 13
Last Checked: Oct 15 at 6:19AM
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 GRL & Realtors, LLC
Investment Insights
Based on property information with market context.
Built in 1907, this duplex contains more than 4,000 square feet across two residences. Each side has four bedrooms and two-and-a-half bathrooms. The property has had the same owner for more than 50 years. A furnace and water heater were installed less than two years ago.
The Bridgeport address is near Interstate 95 and the Merritt Parkway. WalkScore is 67, rated Somewhat Walkable; BikeScore is 62, rated Bikeable; and TransitScore is 42, rated Some Transit.
The Bridgeport address is near Interstate 95 and the Merritt Parkway. WalkScore is 67, rated Somewhat Walkable; BikeScore is 62, rated Bikeable; and TransitScore is 42, rated Some Transit.
Key Highlights
- Two‑unit duplex with more than 4,000 square feet
- Each side has 4 bedrooms and 2.5 bathrooms
- Built in 1907
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,769
Cap Rate
6.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,055,380
$1.1M
Cap Rate 7%
$753,843
$753.8K
Cap Rate 9%
$586,322
$586.3K
Market Conditions
NOI Build-Up for 4,072 SF
Gross rent
$80.6K $19.80/SF
− Vacancy
−$5.2K −$1.29/SF
EGI
$75.4K $18.51/SF
− OpEx
−$22.6K −$5.55/SF
NOI
$52.8K $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%
$1,055,380
Cap Rate 7%
$753,843
Cap Rate 9%
$586,322
Alternative Uses
Best Use
Multifamily LT 5
$753.8K
$659.6K – $879.5K
NOI $52,769 @ 7.0% cap · market cap 6.60%
Second Best
Apartment 5plus
$684.3K
$598.7K – $798.3K
NOI $47,898 @ 7.0% cap · market cap 5.99%
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,357 @ 7.0% cap · market cap 10.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,452
Businesses Nearby
Explore this area
Business Placement
Demographics for 06604, CT
30,003
Population
12,972
Households
2.3
Avg Household Size
35
Median Age
29%
College-Educated
74%
High-School Grad
3.2 sq mi
ZIP Area
9,376
Density / Sq Mi
$45,794
Median Household Income
$34,706
Median Earnings
$1,419
Median Rent
$231,300
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
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes two-and-a-half bathrooms and may suit an owner-occupant or rental use.
Where is this duplex located?
The property is located at 1084 Iranistan Avenue Bridgeport, CT.
What is the asking price?
The asking price for this property is $799,999.
What are key features of this property?
This property features: Two‑unit duplex with more than 4,000 square feet; Each side has 4 bedrooms and 2.5 bathrooms; Built in 1907
