Turnkey Duplex with Two-Bed
194 Adams Street Bridgeport, CT 06607
For Sale
$569,000
Redone duplex with two 2-bedroom, 1-bath units, new roof, updated electrical, tiled baths, and a paved driveway for parking.
Property Size2,936 SF
Price / SF$193.80
Days on Market397
Property Features for 194 Adams Street
General Information
- Standard status
- Active
- Size
- 2,936 SF
- Property subtype
- Multi-Family / 2 Family
Building Details
- Year Built
- 1923
Listing Agency:
William Raveis Real Estate
(203) 219-7461
Listed By:
Penny Pampoukidis · License #RES.0833107
(203) 219-7461
Source:
Compass
Added: Jun 22, 2025
Changed: Jul 22
Last Checked: Jul 23 at 7:50AM
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 William Raveis Real Estate
Investment Insights
Based on property information with market context.
This redone duplex offers two separate apartments, each featuring 2 bedrooms and 1 modern bathroom, with renovations throughout. Improvements include a new roof, an upgraded electrical panel, updated tiled bathrooms, and new paint. A paved asphalt driveway provides parking for residents and guests, and the second-floor apartment includes hardwood floors throughout. Additional space may be possible with an unfinished attic and an unfinished basement.
The property sits on a wide street in a welcoming neighborhood, just steps from Newfield Park, and a short distance from the waterfront. Quick access to I-95 supports convenient commuting, while nearby shops, dining, and waterfront activities add to the day-to-day practicality.
Outside, the private backyard offers room for outdoor gatherings. This setup supports straightforward owner-occupant or income-focused use within a move-in-ready multifamily configuration.
The property sits on a wide street in a welcoming neighborhood, just steps from Newfield Park, and a short distance from the waterfront. Quick access to I-95 supports convenient commuting, while nearby shops, dining, and waterfront activities add to the day-to-day practicality.
Outside, the private backyard offers room for outdoor gatherings. This setup supports straightforward owner-occupant or income-focused use within a move-in-ready multifamily configuration.
Key Highlights
- Redone duplex with two 2‑bedroom, 1‑bath units
- New roof and upgraded electrical panel
- Updated tiled bathrooms and new paint throughout
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $58.1k | $19.80 |
| − Vacancy | −$3.8k | −$1.29 |
| EGI | $54.4k | $18.51 |
| − OpEx | −$16.3k | −$5.55 |
| NOI | $38.0k | $12.96 |
2,936 SF · lease $19.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$543.5K
$475.6K – $634.1K
NOI $38,048 @ 7.0% cap · market cap 6.69%
Second Best
Apartment 5plus
$493.4K
$431.7K – $575.6K
NOI $34,536 @ 7.0% cap · market cap 6.07%
Theoretical Best
Office A
$838.0K
$733.3K – $977.7K
NOI $58,660 @ 7.0% cap · market cap 10.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Redone duplex with two 2-bedroom, 1-bath units, new roof, updated electrical, tiled baths, and a paved driveway for parking.
Where is this duplex located?
The property is located at 194 Adams Street Bridgeport, CT.
What is the asking price?
The asking price for this property is $569,000.
What are key features of this property?
This property features: Redone duplex with two 2‑bedroom, 1‑bath units; New roof and upgraded electrical panel; Updated tiled bathrooms and new paint throughout
