Mixed-Use Building with Pool
For Sale
$975,000
2-10 West Avenue, Bridgeport, CT 06604
Commercial For Sale, Bridgeport, CT
Property Size6,488 SF
Lot Size0.07 Acres
Price / SF$150.28
Days on Market47
Property Features for 2-10 West Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
ORG
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bathroom 3, Bathroom 1, Bathroom 2
Lot features
Corner Lot, Level Lot, Cleared
Directions
Call List Agent Sandra Ramalhete
Subdivision
West End
Standard status
Active
Size
6,488 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
10352
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Central Air
Water source
Public
Building Details
Year built
1907
Floors in Building
3
Listing Agency:
Real Estate Two
(203) 926-1122
Listed By:
Sandra Ramalhete
(203) 522-2165
Added: Jul 13
Changed: Aug 27
Last Checked: Aug 28 at 6:06AM
MLS# 24191126
Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property at 2-10 West Avenue combines commercial and residential components in a 1907 building. The first floor is configured for a bar and pool hall, with a finished basement providing storage and operational support. Four occupied apartments are located above: two offer three bedrooms and one bathroom, while the other two provide two bedrooms and one bathroom. The building also includes baseboard heating, central air, public water, and public sewer.
A detached two-car garage and private fenced backyard are included, with the yard and garage identified as additional rental-income sources. The property is in Bridgeport’s 06604 area and is located near I-95, Route 8, Bridgeport Train Station, Metro-North, the Long Island Ferry, Steelpointe Harbor, and Seaside Park. Zoning is ORG.
A detached two-car garage and private fenced backyard are included, with the yard and garage identified as additional rental-income sources. The property is in Bridgeport’s 06604 area and is located near I-95, Route 8, Bridgeport Train Station, Metro-North, the Long Island Ferry, Steelpointe Harbor, and Seaside Park. Zoning is ORG.
Key Highlights
- Four occupied apartments: two 3‑bedroom units and two 2‑bedroom units, each with 1 bathroom
- First‑floor bar and pool hall configuration with a finished basement
- Detached 2‑car garage and private fenced backyard
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
$89,690
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
9.20%
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%
$1,793,800
$1.8M
Cap Rate 7%
$1,281,286
$1.3M
Cap Rate 9%
$996,556
$996.6K
Market Conditions
NOI Build-Up for 6,488 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
$124.6K $19.20/SF
− Vacancy
−$5.0K −$0.77/SF
EGI
$119.6K $18.43/SF
− OpEx
−$29.9K −$4.61/SF
NOI
$89.7K $13.82/SF
Area
Bridgeport, CT
Vacancy
4.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
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%
$1,793,800
Cap Rate 7%
$1,281,286
Cap Rate 9%
$996,556
Alternative Uses
Best Use
Mixed Use
$1.34M
$1.18M – $1.57M
NOI $94,011 @ 7.0% cap · market cap 9.64%
Second Best
Specialty Retail
$1.28M
$1.12M – $1.49M
NOI $89,690 @ 7.0% cap · market cap 9.20%
Theoretical Best
Office A
$1.85M
$1.62M – $2.16M
NOI $129,627 @ 7.0% cap · market cap 13.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,750
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?
Mixed-use property - Corner property combines a bar and pool hall with four occupied residential apartments, a basement, garage, and fenced yard.
Where is this mixed-use property located?
The property is located at 2-10 West Avenue Bridgeport, CT.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Four occupied apartments: two 3‑bedroom units and two 2‑bedroom units, each with 1 bathroom; First‑floor bar and pool hall configuration with a finished basement; Detached 2‑car garage and private fenced backyard
