Duplex with Detached
New
For Sale
$585,000
199 Park Street, Bridgeport, CT 06608
Two separate residences offer flexible bedroom layouts, private outdoor space, and additional storage.
Property Size2,230 SF
Days on Market7
Property Features for 199 Park Street
General Information
Standard status
Active
Size
2,230 SF
Property subtype
2 Family
Site & Location
Neighborhood
East Side
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,761
Amenities
front porch
fenced yard
enclosed sun porch
full basement
laundry area
mini split air conditioning
Building Details
Building Size
2,230 SF
Year Built
1900
Buildings
1
Listing Agency:
Keller Williams Prestige Prop.
Listed By:
Ana Isabel Naranjo · License #RES.0774519
(203) 556-7535
Source:
Higginsgroup
Added: Oct 24
Changed: Oct 25
Last Checked: Oct 28 at 5:15PM
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 Keller Williams Prestige Prop.
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Investment Insights
Based on property information with market context.
This 2,230-square-foot duplex, built in 1900, contains two residences. The first-floor unit has three bedrooms, a living room, bathroom, and large kitchen. Upstairs, the second unit includes two bedrooms, a living room, dining room, and enclosed sun porch. Hardwood and vinyl flooring, mini-split air conditioning, and a full basement with storage and laundry areas serve the property. A front porch, fenced private area, and detached two-car garages are also included. Both units are described as ready for occupancy.
The property is at 199 Park in Bridgeport, Connecticut, near public transportation, shopping, and 95. The sale is offered as-is and is subject to the owner finding a suitable home.
The property is at 199 Park in Bridgeport, Connecticut, near public transportation, shopping, and 95. The sale is offered as-is and is subject to the owner finding a suitable home.
Key Highlights
- Two‑unit property with 2,230 square feet; built in 1900
- First‑floor residence has 3 bedrooms, a living room, bathroom, and large kitchen
- Second‑floor unit includes 2 bedrooms, a living room, dining room, and enclosed sun porch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,899
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$577,980
$578.0K
Cap Rate 7%
$412,843
$412.8K
Cap Rate 9%
$321,100
$321.1K
Market Conditions
NOI Build-Up for 2,230 SF
Gross rent
$44.2K $19.80/SF
− Vacancy
−$2.9K −$1.29/SF
EGI
$41.3K $18.51/SF
− OpEx
−$12.4K −$5.55/SF
NOI
$28.9K $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 Rate 5%
$577,980
Cap Rate 7%
$412,843
Cap Rate 9%
$321,100
Alternative Uses
Best Use
Multifamily LT 5
$412.8K
$361.2K – $481.7K
NOI $28,899 @ 7.0% cap · market cap 4.94%
Second Best
Apartment 5plus
$374.7K
$327.9K – $437.2K
NOI $26,231 @ 7.0% cap · market cap 4.48%
Theoretical Best
Office A
$636.5K
$556.9K – $742.6K
NOI $44,554 @ 7.0% cap · market cap 7.62%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,361
Businesses Nearby
Explore this area
Business Placement
Demographics for 06608, CT
14,312
Population
4,915
Households
2.9
Avg Household Size
33
Median Age
7%
College-Educated
67%
High-School Grad
1.0 sq mi
ZIP Area
14,312
Density / Sq Mi
$43,008
Median Household Income
$30,524
Median Earnings
$1,311
Median Rent
$222,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer flexible bedroom layouts, private outdoor space, and additional storage.
Where is this duplex located?
The property is located at 199 Park Street Bridgeport, CT.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Two‑unit property with 2,230 square feet; built in 1900; First‑floor residence has 3 bedrooms, a living room, bathroom, and large kitchen; Second‑floor unit includes 2 bedrooms, a living room, dining room, and enclosed sun porch
