Two-Family Home with
1232-1234 Reservoir Avenue Bridgeport, CT 06606
1232-1234 Reservoir Avenue, Bridgeport, CT, 06606
$520,000
For Sale
$520,000
Two-unit property with garage and ample parking.
Property Size2,044 SF
Price / SF$254.40
Days on Market83
Property Features for 1232-1234 Reservoir Avenue
General Information
- Standard status
- Active
- Size
- 2,044 SF
- Property subtype
- Multi-Family / 2 Family
Building Details
- Year Built
- 1953
Listing Agency
William Pitt Sotheby's Int'l
(203) 258-1831
Listed by
Erika Portanova Songer · License #RES.0764485
(203) 258-1831
Source
Compass
Added: Apr 26 Checked: Jul 17 at 6:02 am
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 William Pitt Sotheby's Int'l
Investment Insights
Based on property information with market context.
This two-family home features 2,044 square feet of living space, along with a detached two-car garage and a private driveway with ample parking. The main and upper floor units mirror each other, each offering two bedrooms, one full bathroom, a living room, and an eat-in kitchen. The current rent is $1,600 per month. The finished lower level provides approximately 400 square feet of additional living space and includes a pool table that will remain with the property. Both tenant groups share the lower level, where the common laundry area is located. This property presents an opportunity to own an investment property. The tenants will convey with the sale.
Key Highlights
- Investment property opportunity in Bridgeport with existing tenants.
- Two units, each with two bedrooms, one bath, living room, and eat‑in kitchen.
- Large, two‑car detached garage and ample private driveway parking.
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
NOI $26,488 @ 7.0% cap · market cap 5.09%
Second Best
Apartment 5plus
$343.5K
$300.5K – $400.7K
NOI $24,043 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$583.4K
$510.5K – $680.6K
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
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit property with garage and ample 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: Investment property opportunity in Bridgeport with existing tenants.; Two units, each with two bedrooms, one bath, living room, and eat‑in kitchen.; **Large, two‑car detached garage and ample private driveway parking.**
