Brick Two-Family
For Sale
$441,000
125 Alexander Drive, Bridgeport, CT 06606
Fully leased duplex with separate front and rear residences and a low-maintenance brick exterior.
Property Size1,524 SF
Price / SF$289.37
Days on Market354
Property Features for 125 Alexander Drive
General Information
Standard status
Active
Size
1,524 SF
Property subtype
Multi-Family / 2 Family
Zoning
RA
Occupancy
100%
Net Operating Income
$18,544
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$6,845
Amenities
Yes
Hot Air
7
Window Unit
Pull-Down Stairs
Not Applicable
Building Details
Year Built
1942
Construction
brick
Tenancy
Multi
Listing Agency:
BHGRE Gaetano Marra Homes
(475) 266-0113
Listed By:
Kristen Heinrich · License #RES.0797129
(475) 266-0113
Source:
Compass
Added: Sep 13, 2025
Changed: Aug 30
Last Checked: Aug 31 at 10:20PM
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 BHGRE Gaetano Marra Homes
Investment Insights
Based on property information with market context.
This 1,524-square-foot duplex contains two separate residences arranged at the front and rear, with no shared walls between the units. The front residence has 1 bedroom and 1 bath, while the rear residence provides 2 bedrooms and 1 bath. Built in 1942, the property has a brick exterior and includes hot-air heat, a window unit, and pull-down stairs.
Both units are occupied under leases running through September 30, 2026. The property is zoned RA and offers a straightforward two-family configuration for an investor seeking an income-producing residential asset. Its Bridgeport setting places it near Trumbull Mall, Sacred Heart University, Discovery Museum, Main Street, hospitals, churches, and major highways.
Both units are occupied under leases running through September 30, 2026. The property is zoned RA and offers a straightforward two-family configuration for an investor seeking an income-producing residential asset. Its Bridgeport setting places it near Trumbull Mall, Sacred Heart University, Discovery Museum, Main Street, hospitals, churches, and major highways.
Key Highlights
- 1,524‑square‑foot duplex with front and rear residences
- Front unit includes 1 bedroom and 1 bath; rear unit has 2 bedrooms and 1 bath
- Both leases extend through September 30, 2026
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,750
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$395,000
$395.0K
Cap Rate 7%
$282,143
$282.1K
Cap Rate 9%
$219,444
$219.4K
Market Conditions
NOI Build-Up for 1,524 SF
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.
Gross rent
$30.2K $19.80/SF
− Vacancy
−$2.0K −$1.29/SF
EGI
$28.2K $18.51/SF
− OpEx
−$8.5K −$5.55/SF
NOI
$19.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$395,000
Cap Rate 7%
$282,143
Cap Rate 9%
$219,444
Alternative Uses
Best Use
Multifamily LT 5
$282.1K
$246.9K – $329.2K
NOI $19,750 @ 7.0% cap · market cap 4.48%
Second Best
Apartment 5plus
$256.1K
$224.1K – $298.8K
NOI $17,926 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$435.0K
$380.6K – $507.5K
NOI $30,449 @ 7.0% cap · market cap 6.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,149
Businesses Nearby
Explore this area
Business Placement
Demographics for 06606, CT
48,427
Population
19,002
Households
2.5
Avg Household Size
36
Median Age
23%
College-Educated
82%
High-School Grad
5.3 sq mi
ZIP Area
9,137
Density / Sq Mi
$68,538
Median Household Income
$35,128
Median Earnings
$1,434
Median Rent
$272,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Fully leased duplex with separate front and rear residences and a low-maintenance brick exterior.
Where is this duplex located?
The property is located at 125 Alexander Drive Bridgeport, CT.
What is the asking price?
The asking price for this property is $441,000.
What are key features of this property?
This property features: 1,524‑square‑foot duplex with front and rear residences; Front unit includes 1 bedroom and 1 bath; rear unit has 2 bedrooms and 1 bath; Both leases extend through September 30, 2026
