Income-Producing
New
For Sale
$589,000
1211 Park, Bridgeport, CT 06604
Built in 1914, the property includes additional space identified for income production.
Property Size1,914 SF
Price / SF$166.01
Days on Market6
Property Features for 1211 Park
General Information
Standard status
Active
Size
1,914 SF
Property subtype
2 Family
Lease Term
Listing ID: 24213417, Standard Status: Coming Soon, MLS Status: Coming Soon, Property Subtype: 2 Family
Site & Location
Neighborhood
Hollow
Building Details
Building Size
1,914 SF
Year Built
1914
Tenancy
Multi
Listing Agency:
Coldwell Banker Realty
(203) 878-7424
Listed By:
Doreen Alfano · License #RES.0809874
(203) 641-3342
Source:
Iverty
Added: Oct 19
Changed: Oct 23
Last Checked: Oct 23 at 6:18AM
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 Coldwell Banker Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,548-square-foot duplex was built in 1914 and includes additional space described as income-producing. The property is located at 1211 Park in Bridgeport, Connecticut.
Key Highlights
- 3,548‑square‑foot duplex
- Built in 1914
- Additional space identified for income production
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,979
Cap Rate
7.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$919,580
$919.6K
Cap Rate 7%
$656,843
$656.8K
Cap Rate 9%
$510,878
$510.9K
Market Conditions
NOI Build-Up for 3,548 SF
Gross rent
$70.3K $19.80/SF
− Vacancy
−$4.6K −$1.29/SF
EGI
$65.7K $18.51/SF
− OpEx
−$19.7K −$5.55/SF
NOI
$46.0K $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%
$919,580
Cap Rate 7%
$656,843
Cap Rate 9%
$510,878
Alternative Uses
Best Use
Multifamily LT 5
$656.8K
$574.7K – $766.3K
NOI $45,979 @ 7.0% cap · market cap 7.81%
Second Best
Apartment 5plus
$596.2K
$521.7K – $695.6K
NOI $41,734 @ 7.0% cap · market cap 7.09%
Theoretical Best
Office A
$1.01M
$886.1K – $1.18M
NOI $70,887 @ 7.0% cap · market cap 12.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,457
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
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Built in 1914, the property includes additional space identified for income production.
Where is this duplex located?
The property is located at 1211 Park Bridgeport, CT.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: 3,548‑square‑foot duplex; Built in 1914; Additional space identified for income production
