2-Unit
New
For Sale
$575,000
114 Cleveland, Bridgeport, CT 06606
The two apartments offer distinct bedroom layouts, and the basement may accommodate an in-law suite.
Property Size1,978 SF
Price / SF$285.22
Days on Market7
Property Features for 114 Cleveland
General Information
Standard status
Active
Size
1,978 SF
Property subtype
2 Family
Lease Term
Listing ID: 24215503, Standard Status: Active, MLS Status: Active, Property Subtype: 2 Family, 3 days on market
Site & Location
Neighborhood
Brooklawn / St Vincents
Public Transit
Yes
Units
Unit Mix
1 x 2BR, 1 x 3BR
Multifamily Units
2
Building Details
Building Size
1,978 SF
Year Built
1978
Listing Agency:
Transamerican Realty LLC
(860) 888-2808
Listed By:
Robert Dixon · License #RES.0769459
(203) 570-7566
Source:
Iverty
Added: Oct 24
Changed: Oct 29
Last Checked: Oct 28 at 7:25AM
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 Transamerican Realty LLC
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Investment Insights
Based on property information with market context.
This duplex contains two apartments: one with two bedrooms and another with three. The basement may offer space for an in-law suite. The property has a level lot and off-street parking, with RB zoning.
Reported improvements include a new furnace and hot water tank in 2025, along with new siding in 2026. Nearby destinations include a library, park, shopping and mall facilities, a beach, Saint Mary By The Sea, Captain’s Cove Seaport, and public transportation.
Reported improvements include a new furnace and hot water tank in 2025, along with new siding in 2026. Nearby destinations include a library, park, shopping and mall facilities, a beach, Saint Mary By The Sea, Captain’s Cove Seaport, and public transportation.
Key Highlights
- Two apartments: one with 2 bedrooms and one with 3 bedrooms
- Basement may accommodate an in‑law suite
- New furnace and hot water tank in 2025; new siding in 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,126
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$522,520
$522.5K
Cap Rate 7%
$373,229
$373.2K
Cap Rate 9%
$290,289
$290.3K
Market Conditions
NOI Build-Up for 2,016 SF
Gross rent
$39.9K $19.80/SF
− Vacancy
−$2.6K −$1.29/SF
EGI
$37.3K $18.51/SF
− OpEx
−$11.2K −$5.55/SF
NOI
$26.1K $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 Rate 5%
$522,520
Cap Rate 7%
$373,229
Cap Rate 9%
$290,289
Alternative Uses
Best Use
Multifamily LT 5
$373.2K
$326.6K – $435.4K
NOI $26,126 @ 7.0% cap · market cap 4.54%
Second Best
Apartment 5plus
$338.8K
$296.4K – $395.2K
NOI $23,714 @ 7.0% cap · market cap 4.12%
Theoretical Best
Office A
$575.4K
$503.5K – $671.3K
NOI $40,279 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,443
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Duplex - The two apartments offer distinct bedroom layouts, and the basement may accommodate an in-law suite.
Where is this duplex located?
The property is located at 114 Cleveland Bridgeport, CT.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Two apartments: one with 2 bedrooms and one with 3 bedrooms; Basement may accommodate an in‑law suite; New furnace and hot water tank in 2025; new siding in 2026
