Two-Unit Duplex
For Sale
$399,000
Pending
124 Cleveland, Bridgeport, CT 06605
Two separate residences provide flexible living arrangements with spacious bedrooms and two full bathrooms.
Property Size1,880 SF
Days on Market53
Property Features for 124 Cleveland
General Information
Standard status
Pending
Size
1,880 SF
Property subtype
2 Family
Lease Term
Listing ID: 24201545, Standard Status: Pending, MLS Status: Under Contract, Property Subtype: 2 Family, Off market as of 2026-08-31, 7 days on market
Additional Details
Public Transit
Yes
Multifamily Units
2
Building Details
Building Size
1,880 SF
Year Built
1880
Listing Agency:
Social & Co Realty
(203) 484-8061
Listed By:
Thomas Mele · License #RES.0821443
(203) 718-3305
Source:
Iverty
Added: Aug 24
Changed: Oct 15
Last Checked: Oct 14 at 11:23PM
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 Social & Co Realty
Investment Insights
Based on property information with market context.
This duplex contains two separate residential units within approximately 2,077 square feet of living space. The property includes spacious bedrooms and two full bathrooms, supporting a range of household configurations across the two-unit layout. Built in 1880, the home offers an established residential structure with room for a buyer’s plans.
The property is located on Cleveland Avenue in Bridgeport, near schools, shopping, dining, public transportation, and major roadways. Its two-unit configuration can accommodate separate households or combined living arrangements, subject to applicable requirements.
The property is located on Cleveland Avenue in Bridgeport, near schools, shopping, dining, public transportation, and major roadways. Its two-unit configuration can accommodate separate households or combined living arrangements, subject to applicable requirements.
Key Highlights
- Two‑unit residential property at 124 Cleveland Avenue
- Approximately 2,077 square feet of living space
- Two full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,916
Cap Rate
6.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$538,320
$538.3K
Cap Rate 7%
$384,514
$384.5K
Cap Rate 9%
$299,067
$299.1K
Market Conditions
NOI Build-Up for 2,077 SF
Gross rent
$41.1K $19.80/SF
− Vacancy
−$2.7K −$1.29/SF
EGI
$38.5K $18.51/SF
− OpEx
−$11.5K −$5.55/SF
NOI
$26.9K $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%
$538,320
Cap Rate 7%
$384,514
Cap Rate 9%
$299,067
Alternative Uses
Best Use
Multifamily LT 5
$384.5K
$336.5K – $448.6K
NOI $26,916 @ 7.0% cap · market cap 6.75%
Second Best
Apartment 5plus
$349.0K
$305.4K – $407.2K
NOI $24,431 @ 7.0% cap · market cap 6.12%
Theoretical Best
Office A
$592.8K
$518.7K – $691.6K
NOI $41,497 @ 7.0% cap · market cap 10.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,443
Businesses Nearby
Explore this area
Business Placement
Demographics for 06605, CT
23,867
Population
10,799
Households
2.2
Avg Household Size
35
Median Age
33%
College-Educated
80%
High-School Grad
2.3 sq mi
ZIP Area
10,377
Density / Sq Mi
$59,673
Median Household Income
$40,276
Median Earnings
$1,423
Median Rent
$273,100
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences provide flexible living arrangements with spacious bedrooms and two full bathrooms.
Where is this duplex located?
The property is located at 124 Cleveland Bridgeport, CT.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two‑unit residential property at 124 Cleveland Avenue; Approximately 2,077 square feet of living space; Two full bathrooms
