Updated
New
For Sale
$639,900
147 Trumbull Ave, Bridgeport, CT 06606
Interior improvements have been made in both residences.
Property Size2,464 SF
Price / SF$259.70
Days on Market4
Property Features for 147 Trumbull Ave
General Information
Standard status
Active
Size
2,464 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Reservoir
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Building Details
Year Built
1967
Listing Agency:
Davis Owen Real Estate
Listed By:
Davis E. Owen JR. (203) 895-1828 (203) 378-2244
(203) 895-1828
Source:
Sunsetcreekrealty
Added: Oct 22
Changed: Oct 24
Last Checked: Oct 24 at 1:50PM
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 Davis Owen Real Estate
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Investment Insights
Based on property information with market context.
This two-unit residential property in Bridgeport dates to 1967, with interior updates completed in each residence. Its duplex configuration provides two separate living units within one property.
Shopping, restaurants, schools, major highways, and public transportation are nearby, placing a range of everyday services and travel options within reach.
Shopping, restaurants, schools, major highways, and public transportation are nearby, placing a range of everyday services and travel options within reach.
Key Highlights
- Two residential units in a duplex configuration
- Both residences have received interior updates
- Built in 1967
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,931
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$638,620
$638.6K
Cap Rate 7%
$456,157
$456.2K
Cap Rate 9%
$354,789
$354.8K
Market Conditions
NOI Build-Up for 2,464 SF
Gross rent
$48.8K $19.80/SF
− Vacancy
−$3.2K −$1.29/SF
EGI
$45.6K $18.51/SF
− OpEx
−$13.7K −$5.55/SF
NOI
$31.9K $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%
$638,620
Cap Rate 7%
$456,157
Cap Rate 9%
$354,789
Alternative Uses
Best Use
Multifamily LT 5
$456.2K
$399.1K – $532.2K
NOI $31,931 @ 7.0% cap · market cap 4.99%
Second Best
Apartment 5plus
$414.0K
$362.3K – $483.1K
NOI $28,983 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$703.3K
$615.4K – $820.5K
NOI $49,230 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
261
Businesses Nearby
Explore this area
Business Placement
Demographics for 06606, CT
48,427
Population
19,002
Households
2.5
Avg Household Size
36
Median Age
23%
College-Educated
82%
High-School Grad
5.3 sq mi
ZIP Area
9,137
Density / Sq Mi
$68,538
Median Household Income
$35,128
Median Earnings
$1,434
Median Rent
$272,100
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 - Interior improvements have been made in both residences.
Where is this duplex located?
The property is located at 147 Trumbull Ave Bridgeport, CT.
What is the asking price?
The asking price for this property is $639,900.
What are key features of this property?
This property features: Two residential units in a duplex configuration; Both residences have received interior updates; Built in 1967
