Duplex with Oversized
New
For Sale
$575,000
130 Horace, Bridgeport, CT 06610
Two residential units share a building, with each offering two bedrooms, a kitchen, living room, and full bath.
Property Size1,941 SF
Days on Market5
Property Features for 130 Horace
General Information
Standard status
Active
Size
1,941 SF
Property subtype
2 Family
Zoning
NX1
Lease Term
Listing ID: 24217425, Standard Status: Active, MLS Status: Active, Property Subtype: 2 Family, 3 days on market
Site & Location
Neighborhood
Upper East Side
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Building Size
1,941 SF
Year Built
1941
Buildings
1
Listing Agency:
Coldwell Banker Realty
(203) 622-1100
Listed By:
Heide Moeller · License #RES.0805222
(845) 341-3941
Source:
Iverty
Added: Oct 27
Changed: Oct 30
Last Checked: Oct 30 at 10:20AM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This two-unit residential property has a two-bedroom layout in each unit, with a living room, kitchen, and full bathroom. The home was built in 1941 and rehabilitated within the past few years. An oversized two-car garage, paved driveway, and off-street parking accompany the residence, along with a sizeable backyard.
The property is in Bridgeport’s NX1 zone. The remarks describe a “Double House A” configuration, with zoning criteria including yard space and parking. The garage may also serve as workshop or storage space.
The property is in Bridgeport’s NX1 zone. The remarks describe a “Double House A” configuration, with zoning criteria including yard space and parking. The garage may also serve as workshop or storage space.
Key Highlights
- Two dwelling units, each with two bedrooms, a living room, kitchen, and full bath
- Oversized two‑car garage
- Built in 1941 and rehabilitated within the past few years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,154
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$503,080
$503.1K
Cap Rate 7%
$359,343
$359.3K
Cap Rate 9%
$279,489
$279.5K
Market Conditions
NOI Build-Up for 1,941 SF
Gross rent
$38.4K $19.80/SF
− Vacancy
−$2.5K −$1.29/SF
EGI
$35.9K $18.51/SF
− OpEx
−$10.8K −$5.55/SF
NOI
$25.2K $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%
$503,080
Cap Rate 7%
$359,343
Cap Rate 9%
$279,489
Alternative Uses
Best Use
Multifamily LT 5
$359.3K
$314.4K – $419.2K
NOI $25,154 @ 7.0% cap · market cap 4.37%
Second Best
Apartment 5plus
$326.2K
$285.4K – $380.5K
NOI $22,832 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$554.0K
$484.8K – $646.3K
NOI $38,780 @ 7.0% cap · market cap 6.74%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
858
Businesses Nearby
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Business Placement
Demographics for 06610, CT
23,347
Population
9,292
Households
2.5
Avg Household Size
39
Median Age
17%
College-Educated
78%
High-School Grad
3.1 sq mi
ZIP Area
7,531
Density / Sq Mi
$50,836
Median Household Income
$36,698
Median Earnings
$1,364
Median Rent
$224,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units share a building, with each offering two bedrooms, a kitchen, living room, and full bath.
Where is this duplex located?
The property is located at 130 Horace Bridgeport, CT.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Two dwelling units, each with two bedrooms, a living room, kitchen, and full bath; Oversized two‑car garage; Built in 1941 and rehabilitated within the past few years
