Renovated
New
For Sale
$525,000
215-217 Deforest Avenue, Bridgeport, CT 06607
Two apartments offer eight bedrooms and three bathrooms in total.
Property Size2,376 SF
Price / SF$220.96
Days on Market2
Property Features for 215-217 Deforest Avenue
General Information
Standard status
Active
Size
2,376 SF
Property subtype
Multi Family
Zoning
RBB
Site & Location
Neighborhood
East End
Units
Unit Mix
1 x 3BR/1BA, 1 x 5BR/2BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Building Details
Year Built
1912
Listing Agency:
Century 21 Scala Group
Listed By:
Thomas Payne · License #RES.0824672
(203) 233-7445
Source:
Capmarkrealty
Added: Oct 24
Last Checked: Oct 24 at 2:46PM
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 Century 21 Scala Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,376-square-foot duplex contains two apartments. The first-floor unit has three bedrooms and one bathroom; the second offers five bedrooms and two bathrooms. Improvements include hardwood flooring throughout both apartments, new kitchen cabinets and countertops, updated electrical, fresh paint, and three bathrooms with tiled showers. Mechanical systems are described as being in good condition.
Built in 1912, the property is zoned RBB. The first-floor apartment is rented for $2,000.
Built in 1912, the property is zoned RBB. The first-floor apartment is rented for $2,000.
Key Highlights
- 2,376 square feet across two apartments
- First‑floor unit: 3 bedrooms and 1 bathroom; rented for $2,000
- Second apartment: 5 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,791
Cap Rate
5.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$615,820
$615.8K
Cap Rate 7%
$439,871
$439.9K
Cap Rate 9%
$342,122
$342.1K
Market Conditions
NOI Build-Up for 2,376 SF
Gross rent
$47.0K $19.80/SF
− Vacancy
−$3.1K −$1.29/SF
EGI
$44.0K $18.51/SF
− OpEx
−$13.2K −$5.55/SF
NOI
$30.8K $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%
$615,820
Cap Rate 7%
$439,871
Cap Rate 9%
$342,122
Alternative Uses
Best Use
Multifamily LT 5
$439.9K
$384.9K – $513.2K
NOI $30,791 @ 7.0% cap · market cap 5.86%
Second Best
Apartment 5plus
$399.3K
$349.4K – $465.8K
NOI $27,948 @ 7.0% cap · market cap 5.32%
Theoretical Best
Office A
$678.2K
$593.4K – $791.2K
NOI $47,471 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
345
Businesses Nearby
Explore this area
Business Placement
Demographics for 06607, CT
8,690
Population
2,696
Households
3.2
Avg Household Size
33
Median Age
7%
College-Educated
75%
High-School Grad
1.2 sq mi
ZIP Area
7,242
Density / Sq Mi
$49,555
Median Household Income
$32,000
Median Earnings
$1,398
Median Rent
$218,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two apartments offer eight bedrooms and three bathrooms in total.
Where is this duplex located?
The property is located at 215-217 Deforest Avenue Bridgeport, CT.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 2,376 square feet across two apartments; First‑floor unit: 3 bedrooms and 1 bathroom; rented for $2,000; Second apartment: 5 bedrooms and 2 bathrooms
