Two-Unit Duplex with Off-Street
New
For Sale
$529,900
220-222 Dewey Street, Bridgeport, CT 06605
Both residences have matching two-bedroom layouts with separate living and dining rooms.
Property Size3,528 SF
Days on Market1
Property Features for 220-222 Dewey Street
General Information
Standard status
Active
Size
3,528 SF
Property subtype
2 Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,083
Building Details
Building Size
3,528 SF
Year Built
1914
Buildings
1
Listing Agency:
Century 21 Scala Group
Listed By:
Stacy Brown
(203) 249-2564
Source:
Higginsgroup
Added: Oct 16
Last Checked: Oct 16 at 2:06PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1914, this duplex contains two residences, each arranged with two bedrooms, one full bathroom, a living room, and a dining room. The second-floor unit has a renovated kitchen with an island and an updated bathroom. Off-street parking is available. The property is offered in as-is condition.
Key Highlights
- Two units, each with 2 bedrooms and 1 full bathroom
- Matching layouts include a living room and dining room in each unit
- Second‑floor residence has a renovated kitchen with an island and an updated bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,720
Cap Rate
8.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$914,400
$914.4K
Cap Rate 7%
$653,143
$653.1K
Cap Rate 9%
$508,000
$508.0K
Market Conditions
NOI Build-Up for 3,528 SF
Gross rent
$69.9K $19.80/SF
− Vacancy
−$4.5K −$1.29/SF
EGI
$65.3K $18.51/SF
− OpEx
−$19.6K −$5.55/SF
NOI
$45.7K $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%
$914,400
Cap Rate 7%
$653,143
Cap Rate 9%
$508,000
Alternative Uses
Best Use
Multifamily LT 5
$653.1K
$571.5K – $762.0K
NOI $45,720 @ 7.0% cap · market cap 8.63%
Second Best
Apartment 5plus
$592.8K
$518.7K – $691.7K
NOI $41,499 @ 7.0% cap · market cap 7.83%
Theoretical Best
Office A
$1.01M
$881.1K – $1.17M
NOI $70,488 @ 7.0% cap · market cap 13.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,366
Businesses Nearby
Explore this area
Business Placement
Demographics for 06605, CT
23,867
Population
10,799
Households
2.2
Avg Household Size
35
Median Age
33%
College-Educated
80%
High-School Grad
2.3 sq mi
ZIP Area
10,377
Density / Sq Mi
$59,673
Median Household Income
$40,276
Median Earnings
$1,423
Median Rent
$273,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have matching two-bedroom layouts with separate living and dining rooms.
Where is this duplex located?
The property is located at 220-222 Dewey Street Bridgeport, CT.
What is the asking price?
The asking price for this property is $529,900.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 full bathroom; Matching layouts include a living room and dining room in each unit; Second‑floor residence has a renovated kitchen with an island and an updated bathroom
