Two-Unit Duplex with
For Sale
$369,990
17-19 Rennell Street, Bridgeport, CT 06604
Two residential units provide practical layouts and flexibility for an owner-occupant or rental strategy in Bridgeport.
Property Size2,255 SF
Price / SF$164.08
Days on Market186
Property Features for 17-19 Rennell Street
General Information
Standard status
Active
Size
2,255 SF
Property subtype
Multi-Family / 2 Family
Zoning
RC
Property Condition
Severity
Repairs Needed
Evidence
cosmetic updates
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,662
Amenities
Yes
Hot Water
10
Ceiling Fans, Window Unit
Walk-up
Not Applicable
Building Details
Year Built
1930
Buildings
1
Listing Agency:
Social & Co Realty
(203) 745-8602
Listed By:
Jonathan M Santos · License #RES.0832025
(203) 745-8602
Source:
Compass
Added: Feb 26
Changed: Aug 30
Last Checked: Aug 30 at 2:05PM
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 Social & Co Realty
Investment Insights
Based on property information with market context.
This two-family property contains 2,255 square feet arranged across two residential units. The layouts are described as practical, with off-street parking serving the property. Interior features include hot water, ceiling fans, window-unit cooling, and walk-up access. The building dates to 1930 and is identified with RC zoning.
The property is in Bridgeport near local amenities, major routes, and new development. Its configuration supports either owner occupancy in one unit with the other rented or updates to both units for rental use. Cosmetic improvements are contemplated in the existing property description, providing a basis for repositioning the interiors while retaining the two-unit format.
The property is in Bridgeport near local amenities, major routes, and new development. Its configuration supports either owner occupancy in one unit with the other rented or updates to both units for rental use. Cosmetic improvements are contemplated in the existing property description, providing a basis for repositioning the interiors while retaining the two-unit format.
Key Highlights
- Two residential units within a 2,255‑square‑foot property
- Off‑street parking included
- RC zoning designation
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
$29,223
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
7.90%
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%
$584,460
$584.5K
Cap Rate 7%
$417,471
$417.5K
Cap Rate 9%
$324,700
$324.7K
Market Conditions
NOI Build-Up for 2,255 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
$44.6K $19.80/SF
− Vacancy
−$2.9K −$1.29/SF
EGI
$41.7K $18.51/SF
− OpEx
−$12.5K −$5.55/SF
NOI
$29.2K $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%
$584,460
Cap Rate 7%
$417,471
Cap Rate 9%
$324,700
Alternative Uses
Best Use
Multifamily LT 5
$417.5K
$365.3K – $487.1K
NOI $29,223 @ 7.0% cap · market cap 7.90%
Second Best
Apartment 5plus
$378.9K
$331.6K – $442.1K
NOI $26,525 @ 7.0% cap · market cap 7.17%
Theoretical Best
Office A
$643.6K
$563.2K – $750.9K
NOI $45,054 @ 7.0% cap · market cap 12.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
659
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 - Two residential units provide practical layouts and flexibility for an owner-occupant or rental strategy in Bridgeport.
Where is this duplex located?
The property is located at 17-19 Rennell Street Bridgeport, CT.
What is the asking price?
The asking price for this property is $369,990.
What are key features of this property?
This property features: Two residential units within a 2,255‑square‑foot property; Off‑street parking included; RC zoning designation
