Renovated Duplex with Fenced
For Sale
$479,000
414-416 Pearl Harbor St, Bridgeport, CT 06610
Two similar units offer updated kitchens, central air conditioning, and first-floor laundry hookups.
Property Size1,700 SF
Price / SF$281.76
Days on Market10
Property Features for 414-416 Pearl Harbor St
General Information
Standard status
Active
Size
1,700 SF
Property subtype
Multi-Family
Building Details
Year Built
1942
Listing Agency:
Modern Day Real Estate
Listed By:
Dimitrios Dimitroglou
(203) 408-3001
Source:
Homesbyshoshana
Added: Sep 18
Changed: Sep 19
Last Checked: Sep 26 at 8:43AM
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 Modern Day Real Estate
Investment Insights
Based on property information with market context.
This two-family duplex contains approximately 1,700 square feet and was built in 1942. The two units have similar layouts, with two bedrooms and a full bathroom on the second floor, while the first floor includes a living room, kitchen, and laundry hookups. Recent renovations include newer kitchen cabinets, granite countertops, and newer appliances. Both units also feature central air conditioning and a fenced private backyard.
The property is located on Pearl Harbor St in Bridgeport, Connecticut, on a cul-de-sac street. Attic access is available from unit 416 only. The address includes 414-416 Pearl Harbor St, Bridgeport, CT 06610.
The property is located on Pearl Harbor St in Bridgeport, Connecticut, on a cul-de-sac street. Attic access is available from unit 416 only. The address includes 414-416 Pearl Harbor St, Bridgeport, CT 06610.
Key Highlights
- Two‑family duplex with approximately 1,700 square feet
- Built in 1942 with recently renovated interiors
- Each unit includes 2 bedrooms and 1 full bathroom
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
$22,030
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
4.60%
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%
$440,600
$440.6K
Cap Rate 7%
$314,714
$314.7K
Cap Rate 9%
$244,778
$244.8K
Market Conditions
NOI Build-Up for 1,700 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
$33.7K $19.80/SF
− Vacancy
−$2.2K −$1.29/SF
EGI
$31.5K $18.51/SF
− OpEx
−$9.4K −$5.55/SF
NOI
$22.0K $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%
$440,600
Cap Rate 7%
$314,714
Cap Rate 9%
$244,778
Alternative Uses
Best Use
Multifamily LT 5
$314.7K
$275.4K – $367.2K
NOI $22,030 @ 7.0% cap · market cap 4.60%
Second Best
Apartment 5plus
$285.7K
$250.0K – $333.3K
NOI $19,997 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$485.2K
$424.6K – $566.1K
NOI $33,965 @ 7.0% cap · market cap 7.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
365
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two similar units offer updated kitchens, central air conditioning, and first-floor laundry hookups.
Where is this duplex located?
The property is located at 414-416 Pearl Harbor St Bridgeport, CT.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: Two‑family duplex with approximately 1,700 square feet; Built in 1942 with recently renovated interiors; Each unit includes 2 bedrooms and 1 full bathroom
