Duplex-Style Residential Income
For Sale
$619,000
1910 Park Avenue, Bridgeport, CT 06604
Large home configured as a two-unit option with multiple bedrooms, hardwood floors, and full baths on every level.
Property Size2,584 SF
Price / SF$239.55
Days on Market48
Property Features for 1910 Park Avenue
General Information
Standard status
Active
Size
2,584 SF
Property subtype
2 Family
Amenities
hardwood floors
fireplace
Building Details
Year Built
1920
Listing Agency:
Bigger & Better Realty Corp
Listed By:
Torise Baker
(203) 441-1812
Source:
Lockandkeyre
Added: Jul 22
Changed: Sep 6
Last Checked: Sep 7 at 8:18AM
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 Bigger & Better Realty Corp
Investment Insights
Based on property information with market context.
This large residential income property offers flexible two-family potential, with a total of eight bedrooms. Interior features include hardwood floors, and a living and dining room with a fireplace. Bedroom layout includes four bedrooms on the second floor and two additional bedrooms in the finished attic, with full baths on every level.
The second unit option can be accessed via a separate entry and extends into the finished basement. That lower-level arrangement includes a kitchen, a full bath, a living room, and two bedrooms, along with storage and laundry space.
The home is being offered as-is, and will be delivered empty at closing. It is also listed separately as a single-family home under MLS 24192788.
The second unit option can be accessed via a separate entry and extends into the finished basement. That lower-level arrangement includes a kitchen, a full bath, a living room, and two bedrooms, along with storage and laundry space.
The home is being offered as-is, and will be delivered empty at closing. It is also listed separately as a single-family home under MLS 24192788.
Key Highlights
- Large home (built 1920) configured with a two‑unit option, with 8 total bedrooms
- Hardwood floors plus living and dining rooms with a fireplace
- Second‑floor layout includes 4 bedrooms, with 2 additional bedrooms in the finished attic
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
$33,486
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
5.41%
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%
$669,720
$669.7K
Cap Rate 7%
$478,371
$478.4K
Cap Rate 9%
$372,067
$372.1K
Market Conditions
NOI Build-Up for 2,584 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
$51.2K $19.80/SF
− Vacancy
−$3.3K −$1.29/SF
EGI
$47.8K $18.51/SF
− OpEx
−$14.4K −$5.55/SF
NOI
$33.5K $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%
$669,720
Cap Rate 7%
$478,371
Cap Rate 9%
$372,067
Alternative Uses
Best Use
Multifamily LT 5
$478.4K
$418.6K – $558.1K
NOI $33,486 @ 7.0% cap · market cap 5.41%
Second Best
Apartment 5plus
$434.2K
$379.9K – $506.6K
NOI $30,395 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$737.5K
$645.3K – $860.5K
NOI $51,627 @ 7.0% cap · market cap 8.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,061
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 - Large home configured as a two-unit option with multiple bedrooms, hardwood floors, and full baths on every level.
Where is this duplex located?
The property is located at 1910 Park Avenue Bridgeport, CT.
What is the asking price?
The asking price for this property is $619,000.
What are key features of this property?
This property features: Large home (built 1920) configured with a two‑unit option, with 8 total bedrooms; Hardwood floors plus living and dining rooms with a fireplace; Second‑floor layout includes 4 bedrooms, with 2 additional bedrooms in the finished attic
