Duplex with Finished Third
For Sale
$650,000
2034 East Main Street, Bridgeport, CT 06610
Two-family property with additional livable space, a two-car garage, and a newly paved driveway.
Property Size3,599 SF
Price / SF$180.61
Days on Market267
Property Features for 2034 East Main Street
General Information
Standard status
Active
Size
3,599 SF
Total Parking Spaces
2
Property subtype
Multi-Family / 2 Family
Zoning
ORS
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,892
Amenities
Yes
Hot Water
21
Window Unit
Finished, Walk-up
Garden Area, Patio
Not Applicable
Building Details
Year Built
1917
Stories
3
Listing Agency:
eXp Realty
(203) 666-1172
Listed By:
Angel Mora · License #RES.0812060
(203) 666-1172
Source:
Compass
Added: Dec 7, 2025
Changed: Aug 29
Last Checked: Aug 31 at 12:06AM
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 eXp Realty
Investment Insights
Based on property information with market context.
This 3,599-square-foot duplex, built in 1917, includes two residential units and a finished, walk-up third floor described as livable space. The property also offers hot water, window-unit cooling, a two-car garage, and a newly paved driveway. A patio and garden area provide additional outdoor features, while the level lot includes an oversized yard.
Located at 2034 East Main Street in Bridgeport, the property is near I-95 and the Merritt Parkway. ORS zoning is reported for the site. The combination of two-family configuration, finished upper-level space, garage parking, and substantial outdoor area gives the property a broad physical profile within the duplex category.
Located at 2034 East Main Street in Bridgeport, the property is near I-95 and the Merritt Parkway. ORS zoning is reported for the site. The combination of two-family configuration, finished upper-level space, garage parking, and substantial outdoor area gives the property a broad physical profile within the duplex category.
Key Highlights
- 3,599‑square‑foot two‑family property with a finished, livable third floor
- Two‑car garage and newly paved driveway
- Oversized level lot with substantial yard area
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
$46,640
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
7.18%
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%
$932,800
$932.8K
Cap Rate 7%
$666,286
$666.3K
Cap Rate 9%
$518,222
$518.2K
Market Conditions
NOI Build-Up for 3,599 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
$71.3K $19.80/SF
− Vacancy
−$4.6K −$1.29/SF
EGI
$66.6K $18.51/SF
− OpEx
−$20.0K −$5.55/SF
NOI
$46.6K $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%
$932,800
Cap Rate 7%
$666,286
Cap Rate 9%
$518,222
Alternative Uses
Best Use
Multifamily LT 5
$666.3K
$583.0K – $777.3K
NOI $46,640 @ 7.0% cap · market cap 7.18%
Second Best
Apartment 5plus
$604.8K
$529.2K – $705.6K
NOI $42,334 @ 7.0% cap · market cap 6.51%
Theoretical Best
Office A
$1.03M
$898.8K – $1.20M
NOI $71,906 @ 7.0% cap · market cap 11.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,624
Businesses Nearby
Explore this area
Business Placement
Demographics for 06610, CT
23,347
Population
9,292
Households
2.5
Avg Household Size
39
Median Age
17%
College-Educated
78%
High-School Grad
3.1 sq mi
ZIP Area
7,531
Density / Sq Mi
$50,836
Median Household Income
$36,698
Median Earnings
$1,364
Median Rent
$224,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-family property with additional livable space, a two-car garage, and a newly paved driveway.
Where is this duplex located?
The property is located at 2034 East Main Street Bridgeport, CT.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 3,599‑square‑foot two‑family property with a finished, livable third floor; Two‑car garage and newly paved driveway; Oversized level lot with substantial yard area
