Duplex with Rear
For Sale
$290,000
Pending
179 4th St, Bridgeport, CT 06607
Two-family property includes attic space, gas furnaces, and off-street parking.
Property Size1,680 SF
Days on Market127
Property Features for 179 4th St
General Information
Standard status
Pending
Size
1,680 SF
Property subtype
Multi Family
Property Condition
Severity
Repairs Needed
Evidence
REHAB
Additional Details
Multifamily Units
2
Amenities
off-street parking
large rear yard
Building Details
Building Size
1,680 SF
Year Built
1919
Listing Agency:
Tri-State Realty
(203) 232-5523
Listed By:
Charles W. Scott Sr · License #REB.0791004
(203) 232-5523
Source:
Elliman
Added: Apr 27
Changed: Aug 29
Last Checked: Aug 30 at 5:50PM
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 Tri-State Realty
Investment Insights
Based on property information with market context.
This two-family duplex at 179 4th St includes attic space, gas furnaces, two bedrooms, off-street parking, and a rear yard. Built in 1919, the property is positioned for a rehabilitation project and is subject to probate court approval.
The Bridgeport property offers an urban setting with a Walk Score of 83, a Bike Score of 52, and a Transit Score of 35. The surrounding area is described as quiet, while the existing configuration may support separate occupancy of the two units, subject to applicable approvals and property conditions.
The Bridgeport property offers an urban setting with a Walk Score of 83, a Bike Score of 52, and a Transit Score of 35. The surrounding area is described as quiet, while the existing configuration may support separate occupancy of the two units, subject to applicable approvals and property conditions.
Key Highlights
- Two‑family duplex with attic space
- Two bedrooms
- Gas furnaces
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
$21,771
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
7.51%
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%
$435,420
$435.4K
Cap Rate 7%
$311,014
$311.0K
Cap Rate 9%
$241,900
$241.9K
Market Conditions
NOI Build-Up for 1,680 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
$33.3K $19.80/SF
− Vacancy
−$2.2K −$1.29/SF
EGI
$31.1K $18.51/SF
− OpEx
−$9.3K −$5.55/SF
NOI
$21.8K $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%
$435,420
Cap Rate 7%
$311,014
Cap Rate 9%
$241,900
Alternative Uses
Best Use
Multifamily LT 5
$311.0K
$272.1K – $362.9K
NOI $21,771 @ 7.0% cap · market cap 7.51%
Second Best
Apartment 5plus
$282.3K
$247.0K – $329.4K
NOI $19,761 @ 7.0% cap · market cap 6.81%
Theoretical Best
Office A
$479.5K
$419.6K – $559.4K
NOI $33,566 @ 7.0% cap · market cap 11.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,093
Businesses Nearby
Explore this area
Business Placement
Demographics for 06607, CT
8,690
Population
2,696
Households
3.2
Avg Household Size
33
Median Age
7%
College-Educated
75%
High-School Grad
1.2 sq mi
ZIP Area
7,242
Density / Sq Mi
$49,555
Median Household Income
$32,000
Median Earnings
$1,398
Median Rent
$218,500
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-family property includes attic space, gas furnaces, and off-street parking.
Where is this duplex located?
The property is located at 179 4th St Bridgeport, CT.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Two‑family duplex with attic space; Two bedrooms; Gas furnaces
