Duplex with Off-Street
New
For Sale
$479,900
176 Manhattan Ave, Bridgeport, CT 06606
The property includes a new roof, detached shed, and off-street parking.
Property Size3,110 SF
Price / SF$154.31
Days on Market4
Property Features for 176 Manhattan Ave
General Information
Standard status
Active
Size
3,110 SF
Property subtype
Multi-Family
Property Condition
Severity
Major Repairs Needed
Evidence
no working mechanicals
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA, 1 x 4BR/1BA
Multifamily Units
2
Amenities
off-street parking
shed
Building Details
Year Built
1900
Buildings
1
Listing Agency:
Vylla Home (CT) LLC
Listed By:
Jorge Cintron (203) 650-4731 (860) 983-6956
(617) 877-6033
Source:
Jaida.mappmyhome
Added: Sep 11
Changed: Sep 13
Last Checked: Sep 13 at 8:36AM
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 Vylla Home (CT) LLC
Investment Insights
Based on property information with market context.
This two-family residence, built in 1900, offers separate living areas across the first floor, second floor, and walk-up attic. The first-floor unit has 2 bedrooms, a living room, dining room, and 1 bath. The upper-level configuration includes 4 bedrooms, a living room, dining room, and 1 bath. A new roof, detached shed, and off-street parking are also included.
The property is located at 176 Manhattan Ave in Bridgeport’s North End, with access to hospitals, shopping, train stations, and major highways. New York City is approximately 1 hour away. The house requires repairs, has no working mechanical systems, and is offered as-is.
The property is located at 176 Manhattan Ave in Bridgeport’s North End, with access to hospitals, shopping, train stations, and major highways. New York City is approximately 1 hour away. The house requires repairs, has no working mechanical systems, and is offered as-is.
Key Highlights
- Two‑family property with 2 bedrooms on the first floor and 4 bedrooms across the upper level
- First‑floor unit includes a living room, dining room, and 1 bath
- Second floor and walk‑up attic include a living room, dining room, and 1 bath
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
$40,303
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
8.40%
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%
$806,060
$806.1K
Cap Rate 7%
$575,757
$575.8K
Cap Rate 9%
$447,811
$447.8K
Market Conditions
NOI Build-Up for 3,110 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
$61.6K $19.80/SF
− Vacancy
−$4.0K −$1.29/SF
EGI
$57.6K $18.51/SF
− OpEx
−$17.3K −$5.55/SF
NOI
$40.3K $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%
$806,060
Cap Rate 7%
$575,757
Cap Rate 9%
$447,811
Alternative Uses
Best Use
Multifamily LT 5
$575.8K
$503.8K – $671.7K
NOI $40,303 @ 7.0% cap · market cap 8.40%
Second Best
Apartment 5plus
$522.6K
$457.3K – $609.7K
NOI $36,582 @ 7.0% cap · market cap 7.62%
Theoretical Best
Office A
$887.7K
$776.7K – $1.04M
NOI $62,136 @ 7.0% cap · market cap 12.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,380
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - The property includes a new roof, detached shed, and off-street parking.
Where is this duplex located?
The property is located at 176 Manhattan Ave Bridgeport, CT.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: Two‑family property with 2 bedrooms on the first floor and 4 bedrooms across the upper level; First‑floor unit includes a living room, dining room, and 1 bath; Second floor and walk‑up attic include a living room, dining room, and 1 bath
