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Two-Unit Residential Income Property

1232-1234 Reservoir Avenue Bridgeport, CT 06606

1232-1234 Reservoir Avenue, Bridgeport, CT, 06606
$520,000
For Sale
Claim this Listing
$520,000

MULTI_FAMILY - Bridgeport, CT

Property Size2,044 SF
Lot Size0.11 Acres
Price / SF$254.40
AddedMay 15
Days on Market62
Last RefreshJul 15 at 11:06 pm

Property Features for 1232-1234 Reservoir Avenue

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
RA
Bedrooms
4
Bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Basement, Bathroom 1, Bedroom 4, Bedroom 2, Bedroom 1
Parking
6
Patio and Porch features
Porch
Exterior features
Sidewalk,Porch,Gutters,Lighting
Basement
Full
Standard status
Active
Size
2,044 SF
Lot size
0.11 Acres

Taxes and HOA fees

Tax Year
2026
Tax Annual Amount
7840

Utilities

Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Water source
Public

Building Details

Year built
1953
Architectural style
Other

Listing agent Erika Portanova Songer License #RES.0764485

Listing office William Pitt Sotheby's Int'l 132 Old Post Road, Stamford, CT

Listing date May 15, 2026

MLS# 24175818 Listing URL

Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This two-family residential income property includes mirrored main and upper floor layouts, with each unit offering two bedrooms, one full bath, a living room, and an eat-in kitchen. In addition, the finished lower level adds approximately 400 square feet of extra living space and includes a pool table that remains with the sale. Tenants share access to the lower level, where the common laundry area is located.

The property sits on a 0.11-acre lot and includes a large two-car detached garage and ample parking in the private driveway. Zoning is listed as RA. The address is 1232-1234 Reservoir Avenue, Bridgeport, CT 06606. Tenants do not convey with the sale, and 24 hours’ notice is required prior to showings.

Key Highlights

  • 2‑family home with 2 mirrored units, each featuring 2 bedrooms, 1 full bath, living room, and eat‑in kitchen
  • 2044 sq ft total living space with a finished lower level adding about 400 sq ft of extra living space
  • Large 2‑car detached garage plus ample parking in a private driveway

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $40.5k $19.80
− Vacancy −$2.6k −$1.29
EGI $37.8k $18.51
− OpEx −$11.4k −$5.55
NOI $26.5k $12.96
2,044 SF · lease $19.80/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$378.4K
$331.1K – $441.5K (±1% cap)
NOI $26,488 @ 7.0% cap · market cap 5.09%
Second Best
Apartment 5plus
$343.5K
$300.5K – $400.7K (±1% cap)
NOI $24,043 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$583.4K
$510.5K – $680.6K (±1% cap)
NOI $40,838 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Real Estate Agency Dental Office Law Firm Spa & Massage Center Hair Salon Parking Lot & Garage Restaurant Nail Salon Accounting Firm Big Box & Wholesale Store

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

FAQs

What type of property is this?
Duplex - Two mirrored units each offer two bedrooms, with a finished lower level and detached two-car garage with ample driveway parking.
Where is this duplex located?
The property is located at 1232-1234 Reservoir Avenue Bridgeport, CT.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: 2‑family home with 2 mirrored units, each featuring 2 bedrooms, 1 full bath, living room, and eat‑in kitchen; 2044 sq ft total living space with a finished lower level adding about 400 sq ft of extra living space; Large 2‑car detached garage plus ample parking in a private driveway
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