Bridgeport Two-Family Property For
For Sale
$565,000
Pending
32-34 Yale St, Bridgeport, CT 06605
Two-family property in Bridgeport near amenities and transportation.
Property Size3,120 SF
Days on Market127
Property Features for 32-34 Yale St
General Information
Standard status
Pending
Size
3,120 SF
Property subtype
Multi Family
Building Details
Building Size
3,120 SF
Year Built
2004
Listing Agency:
(917) 273-7524
Listed By:
Osi Rosenberg
(917) 273-7524
Source:
Elliman
Added: Apr 27
Changed: Aug 19
Last Checked: Aug 30 at 6:35PM
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 Osi Rosenberg
Investment Insights
Based on property information with market context.
This two-family property is located in Bridgeport. Each unit features 3 bedrooms and 2.5 bathrooms. The property is conveniently situated near local amenities, transportation, and major roadways. It offers income-generating possibilities. The property is being sold as-is, with no interior access available at this time, and exterior viewing only is permitted. Sale is subject to probate court approval. The bike score is 63, indicating it is bikeable. The walk score is 81, indicating it is very walkable. The transit score is 47, indicating some transit options are available.
Key Highlights
- Two‑family property offering income‑generating potential.
- Each unit features 3 bedrooms and 2.5 bathrooms.
- Convenient location near local amenities, transportation, and major roadways.
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
$40,432
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
7.16%
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%
$808,640
$808.6K
Cap Rate 7%
$577,600
$577.6K
Cap Rate 9%
$449,244
$449.2K
Market Conditions
NOI Build-Up for 3,120 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
$61.8K $19.80/SF
− Vacancy
−$4.0K −$1.29/SF
EGI
$57.8K $18.51/SF
− OpEx
−$17.3K −$5.55/SF
NOI
$40.4K $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%
$808,640
Cap Rate 7%
$577,600
Cap Rate 9%
$449,244
Alternative Uses
Best Use
Multifamily LT 5
$577.6K
$505.4K – $673.9K
NOI $40,432 @ 7.0% cap · market cap 7.16%
Second Best
Apartment 5plus
$524.3K
$458.8K – $611.7K
NOI $36,700 @ 7.0% cap · market cap 6.50%
Theoretical Best
Office A
$890.5K
$779.2K – $1.04M
NOI $62,336 @ 7.0% cap · market cap 11.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,383
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
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 - Two-family property in Bridgeport near amenities and transportation.
Where is this duplex located?
The property is located at 32-34 Yale St Bridgeport, CT.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: Two‑family property offering income‑generating potential.; Each unit features **3 bedrooms and 2.5 bathrooms**.; Convenient location near local amenities, transportation, and major roadways.
