Two-Unit Duplex with Detached
New
For Sale
$525,000
337 Poplar Street, Bridgeport, CT 06605
Two residential units each include two bedrooms, one full bathroom, and five rooms.
Property Size3,041 SF
Lot Size0.13 Acres
Days on Market4
Property Features for 337 Poplar Street
General Information
Standard status
Active
Size
3,041 SF
Total Parking Spaces
3
Lot size
0.13 Acres
Property subtype
2 Family
Property Condition
Severity
Repairs Needed
Evidence
Both main-unit kitchens require renovation
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,111
Building Details
Building Size
3,041 SF
Year Built
1910
Listing Agency:
Compass Connecticut, LLC
Listed By:
Rudy Sookraj
(203) 434-8323
Source:
Higginsgroup
Added: Sep 11
Changed: Sep 14
Last Checked: Sep 13 at 10:36AM
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 Compass Connecticut, LLC
Investment Insights
Based on property information with market context.
Built in 1910, this duplex contains two residential units, with each main unit arranged around five rooms, two bedrooms, and one full bathroom. Interior features include wood flooring, updated bathroom finishes, and bright living areas. Both kitchens require renovation, while the finished attic provides bonus space through a rear staircase. A full unfinished basement adds storage, and the detached garage accommodates three vehicles.
The property is located at 337 Poplar Street in Bridgeport, CT, on a level 0.13-acre lot. Improvements completed in 2026 include roof and gutter work, interior painting, bathroom updates, heating-system work, and a third-floor window update. The remaining windows were replaced in 2021. The property is offered as is.
The property is located at 337 Poplar Street in Bridgeport, CT, on a level 0.13-acre lot. Improvements completed in 2026 include roof and gutter work, interior painting, bathroom updates, heating-system work, and a third-floor window update. The remaining windows were replaced in 2021. The property is offered as is.
Key Highlights
- Two‑unit duplex with five rooms, two bedrooms, and one full bathroom per main unit
- Three‑car detached garage provides on‑site vehicle storage
- Level 0.13‑acre lot at 337 Poplar Street, Bridgeport, CT 06605
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
$39,409
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
7.51%
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%
$788,180
$788.2K
Cap Rate 7%
$562,986
$563.0K
Cap Rate 9%
$437,878
$437.9K
Market Conditions
NOI Build-Up for 3,041 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
$60.2K $19.80/SF
− Vacancy
−$3.9K −$1.29/SF
EGI
$56.3K $18.51/SF
− OpEx
−$16.9K −$5.55/SF
NOI
$39.4K $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%
$788,180
Cap Rate 7%
$562,986
Cap Rate 9%
$437,878
Alternative Uses
Best Use
Multifamily LT 5
$563.0K
$492.6K – $656.8K
NOI $39,409 @ 7.0% cap · market cap 7.51%
Second Best
Apartment 5plus
$511.0K
$447.1K – $596.2K
NOI $35,771 @ 7.0% cap · market cap 6.81%
Theoretical Best
Office A
$868.0K
$759.5K – $1.01M
NOI $60,758 @ 7.0% cap · market cap 11.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,090
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 residential units each include two bedrooms, one full bathroom, and five rooms.
Where is this duplex located?
The property is located at 337 Poplar Street Bridgeport, CT.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two‑unit duplex with five rooms, two bedrooms, and one full bathroom per main unit; Three‑car detached garage provides on‑site vehicle storage; Level 0.13‑acre lot at 337 Poplar Street, Bridgeport, CT 06605
