Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Brooklawn Two-Family Home with Income Title is generated by Realmo AI

    1440 Wood Avenue, Bridgeport, CT 06604

    View on Map
    Claim this Listing
    For Sale
    $799,000

    Well-maintained two-family home in Brooklawn, generating $8,500 monthly.

    Type:Multi-Family / 2 Family
    Property size:
    3,388 SF
    Price / SF:
    $235/SF
    Added:
    Feb 2, 2026
    Days on Market:
    119
    Last Refresh:
    Mar 13 at 2:36 pm

    Property Features for 1440 Wood Avenue

    General Information

    Standard status
    Active
    Size
    3,388 SF
    Property subtype
    Multi-Family / 2 Family

    Building Details

    Year Built
    1954

    We can help!

    Listing Contact
    Angela Morales

    Listing agent Angela Morales License #REB.0757443

    Listing office Keller Williams Realty Prtnrs.

    Listing date Feb 2, 2026

    Source Compass

    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 Keller Williams Realty Prtnrs.

    HighLights

    • High monthly rental income of $8,500 with potential for increase.
    • Finished basement with in‑law apartment provides additional living space and income potential.
    • Fully finished third floor offers expanded living area.
    • Two‑car garage provides secure parking and storage.
    • Desirable Brooklawn area location, close to shopping, dining, and transportation.
    • Hardwood floors throughout the property.

    Overview

    This well-maintained two-family home is located in the Brooklawn area. The property features a fully finished third floor and a finished basement with an in-law apartment, providing additional living space. The second and third floors share utilities. Hardwood floors are present throughout the property. A two-car garage is included. The property is currently generating approximately $8,500 in monthly rental income, with potential for increased revenue. The property size is 3388 square feet. It is conveniently located close to shopping, dining, and transportation. The second floor is vacant and ready to rent.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $67.1k $19.80
    − Vacancy −$4.4k −$1.29
    EGI $62.7k $18.51
    − OpEx −$18.8k −$5.55
    NOI $43.9k $12.96
    3,388 SF · lease $19.80/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $627.2K
    $548.8K – $731.8K (±1% cap)
    NOI $43,905 @ 7.0% cap · market cap 5.49%
    Second Best
    Apartment 5plus
    $569.3K
    $498.2K – $664.2K (±1% cap)
    NOI $39,852 @ 7.0% cap · market cap 4.99%
    Theoretical Best
    Office A
    $967.0K
    $846.1K – $1.13M (±1% cap)
    NOI $67,691 @ 7.0% cap · market cap 8.47%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bridgeport
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.2183901
    Latitude
    41.1902211

    Nearby Similar for Sale

    • $900,000
      3,492 SF

      Versatile Commercial Building in Bridgeport

      3,500 SF building ideal for various business types.
      553-557 Center Street Extension, Bridgeport, CT 06604
      View Details
    • $879,900
      4,240 SF

      Corner Lot Commercial Opportunity

      Prime location near iconic brands, suitable for drive-through or retail.
      4143 Main Street, Bridgeport, CT 06606
      View Details
    • $774,900
      3,304 SF

      Renovated Three-Family Home

      Fully renovated three-family home with modern amenities and convenient location.
      23-25 Freeman Street, Bridgeport, CT 06607
      View Details
    • $1,079,000
      4,758 SF

      Bridgeport Four-Family Multi-Unit Property

      Four units with detached garage in Bridgeport, Connecticut.
      249 East Avenue, Bridgeport, CT 06610
      View Details
    • $1,550,000
      11,220 SF

      Bridgeport Mixed-Use Investment Opportunity

      Four residential units, retail space, and storage facility for sale.
      1368-1370 E Main Street, Bridgeport, CT 06608
      View Details
    • $1,550,000
      13,776 SF

      Bridgeport Mixed-Use Investment Opportunity

      Mixed-use property with residential units, retail space, and storage.
      1368-1370 E Main Street, Bridgeport, CT 06608
      View Details
    • $599,000
      2,582 SF

      Renovated Bridgeport Multi-Family Home

      Well-maintained two-family home with renovated units and income potential.
      46 Sanford Avenue, Bridgeport, CT 06604
      View Details
    • $650,000
      3,601 SF

      Bridgeport Multifamily Mixed-Use Opportunity

      Spacious multifamily property with mixed-use potential in Bridgeport's North End.
      3193 Main Street, Bridgeport, CT 06606
      View Details
    • $650,000
      3,601 SF

      Multifamily Mixed-Use Opportunity in Bridgeport

      Spacious multifamily property with mixed-use potential in Bridgeport's North End.
      3193 Main Street, Bridgeport, CT 06606
      View Details
    • $599,900
      1,620 SF

      Renovated Duplex in Desirable Neighborhood

      Renovated duplex featuring modern kitchens, baths, and private yard.
      180 Dupont Place, Bridgeport, CT 06611
      View Details
    • $675,000
      6,708 SF

      Income-Generating Mixed-Use Property

      Fully occupied mixed-use property with income and growth potential.
      845 E Main Street, Bridgeport, CT 06608
      View Details
    • $575,000
      3,113 SF

      Well-Maintained Multifamily Property

      Multifamily property with three-bedroom units, ideal for investment.
      196 Park Street, Bridgeport, CT 06608
      View Details

    FAQs

    What type of property is this?
    Duplex - Well-maintained two-family home in Brooklawn, generating $8,500 monthly.
    Where is this duplex located?
    The property is located at 1440 Wood Avenue Bridgeport, CT.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: High monthly rental income of $8,500 with potential for increase.; Finished basement with in‑law apartment provides additional living space and income potential.; Fully finished third floor offers expanded living area.
    (203) 459-4663
    We can help!
    Listing Contact
    Angela Morales
    Real Estate License ID: REB.0757443
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1440 Wood Avenue, Bridgeport, CT 06604
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!