Two-Family Duplex With
For Sale
$749,500
1440 Wood Avenue, Bridgeport, CT 06604
Finished third-floor and basement living areas add flexibility to this two-family residential property.
Property Size1,954 SF
Price / SF$190.33
Days on Market13
Property Features for 1440 Wood Avenue
General Information
Standard status
Active
Size
1,954 SF
Total Parking Spaces
2
Property subtype
2 Family
Additional Details
Gross Income
$102,000
Utilities to Site
Yes
Amenities
hardwood floors
Building Details
Building Size
1,954 SF
Year Built
1954
Buildings
1
Listing Agency:
Keller Williams Realty Prtnrs.
(203) 296-0299
Listed By:
Johncarlo Morales · License #REB.0757443
(203) 296-0299
Source:
Iverty
Added: Jul 30
Changed: Aug 11
Last Checked: Aug 11 at 6:12AM
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.
Investment Insights
Based on property information with market context.
This 3,938-square-foot duplex in Bridgeport is configured as a two-family home with additional finished living space on the third floor. The basement includes a finished in-law apartment, while the property also features hardwood flooring throughout and a two-car garage. The second and third floors share utilities, as do the first floor and basement.
Built in 1954, the property is located at 1440 Wood Avenue in the Brooklawn area of Bridgeport, CT. Shopping, dining, and transportation are located nearby, supporting convenient access to everyday services and regional travel.
Built in 1954, the property is located at 1440 Wood Avenue in the Brooklawn area of Bridgeport, CT. Shopping, dining, and transportation are located nearby, supporting convenient access to everyday services and regional travel.
Key Highlights
- 3,938 SF two‑family duplex in Bridgeport’s Brooklawn area
- Finished third floor provides additional living space
- Finished basement includes an in‑law apartment
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
$51,033
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
6.81%
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%
$1,020,660
$1.0M
Cap Rate 7%
$729,043
$729.0K
Cap Rate 9%
$567,033
$567.0K
Market Conditions
NOI Build-Up for 3,938 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
$78.0K $19.80/SF
− Vacancy
−$5.1K −$1.29/SF
EGI
$72.9K $18.51/SF
− OpEx
−$21.9K −$5.55/SF
NOI
$51.0K $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%
$1,020,660
Cap Rate 7%
$729,043
Cap Rate 9%
$567,033
Alternative Uses
Best Use
Multifamily LT 5
$729.0K
$637.9K – $850.6K
NOI $51,033 @ 7.0% cap · market cap 6.81%
Second Best
Apartment 5plus
$661.7K
$579.0K – $772.0K
NOI $46,322 @ 7.0% cap · market cap 6.18%
Theoretical Best
Office A
$1.12M
$983.5K – $1.31M
NOI $78,679 @ 7.0% cap · market cap 10.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
419
Businesses Nearby
Explore this area
Business Placement
Demographics for 06604, CT
30,003
Population
12,972
Households
2.3
Avg Household Size
35
Median Age
29%
College-Educated
74%
High-School Grad
3.2 sq mi
ZIP Area
9,376
Density / Sq Mi
$45,794
Median Household Income
$34,706
Median Earnings
$1,419
Median Rent
$231,300
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 - Finished third-floor and basement living areas add flexibility to this two-family residential property.
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 $749,500.
What are key features of this property?
This property features: 3,938 SF two‑family duplex in Bridgeport’s Brooklawn area; Finished third floor provides additional living space; Finished basement includes an in‑law apartment
