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    37 Granfield Ave Bridgeport, CT 06610

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    For Sale
    $350,000

    Updated two-family property with immediate occupancy potential.

    Lot size:
    0.08 Acres

    Property Features for 37 Granfield Ave

    General Information

    Lot size
    0.08 Acres

    Building Details

    Year built
    1930

    Source: Top Tier Realty Group, LLC Agent Lisa Nussbaum

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Two-Family Investment Opportunity

    The property at 37-39 Granfield Avenue is a fully detached, renovated two-family building. Each unit features a studio or a one-bedroom, one-bathroom layout. The units have been updated and are ready for immediate occupancy, allowing for securing tenants at current market rents. Recent improvements include two new boilers installed in April 2024, and the roof is estimated to be 8-9 years old. Tenants are responsible for their own electric and gas. The property is an income-producing asset with a projected cap rate of approximately 9.1% once stabilized. This property is being sold as a package with 33-35 Granfield & 43-45 Granfield or can be bought individually.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bridgeport
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.1643034
    Latitude
    41.1975542

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    FAQs

    What type of property is this?
    Duplex - Updated two-family property with immediate occupancy potential.
    Where is this duplex located?
    The property is located at 37 Granfield Ave Bridgeport, CT.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: - High Income Potential: Projected 9.1% cap rate once stabilized.; - Fully Detached 2-Family: Offers long-term value and easy management.; - Updated Units: Both units renovated and ready for immediate occupancy at market rents.
    (203) 521-5339
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    37 Granfield Ave Bridgeport, CT 06610
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    Bridgeport, CT 06610
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    37 Granfield Ave Bridgeport, CT 06610
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