Two-Family Home with
For Sale
$525,000
Pending
226-228 Lenox Ave, Bridgeport, CT 06605
Two-family residence with updated kitchens and bathrooms, newer water heaters, and off-street parking via shared driveway.
Property Size3,160 SF
Days on Market103
Property Features for 226-228 Lenox Ave
General Information
Standard status
Pending
Size
3,160 SF
Total Parking Spaces
1
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1905
Tenancy
Multi
Listing Agency:
The Bella Group, LLC
Listed By:
Diane M. Roldan (203) 768-7480 (860) 868-0639 · License #RES.0824798
(203) 768-7480
Source:
Fairfieldcounty-properties
Added: Jul 5
Changed: Oct 13
Last Checked: Oct 14 at 11:20PM
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 The Bella Group, LLC
Investment Insights
Based on property information with market context.
This two-family home offers ample living space with updated kitchens and bathrooms. The property also includes newer water heaters and an updated plumbing system. A one-car garage and a shared driveway provide convenient off-street parking.
Located near the Black Rock area, the address sits in a very walkable setting with good access to transit.
The layout is designed for two separate units within one building, supported by the property’s more recent mechanical and plumbing updates.
Located near the Black Rock area, the address sits in a very walkable setting with good access to transit.
The layout is designed for two separate units within one building, supported by the property’s more recent mechanical and plumbing updates.
Key Highlights
- Two‑family residence built in 1905 with updated kitchens and bathrooms
- Newer water heaters and an updated plumbing system
- Off‑street parking available via a shared driveway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,951
Cap Rate
7.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$819,020
$819.0K
Cap Rate 7%
$585,014
$585.0K
Cap Rate 9%
$455,011
$455.0K
Market Conditions
NOI Build-Up for 3,160 SF
Gross rent
$62.6K $19.80/SF
− Vacancy
−$4.1K −$1.29/SF
EGI
$58.5K $18.51/SF
− OpEx
−$17.6K −$5.55/SF
NOI
$41.0K $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%
$819,020
Cap Rate 7%
$585,014
Cap Rate 9%
$455,011
Alternative Uses
Best Use
Multifamily LT 5
$585.0K
$511.9K – $682.5K
NOI $40,951 @ 7.0% cap · market cap 7.80%
Second Best
Apartment 5plus
$531.0K
$464.6K – $619.5K
NOI $37,170 @ 7.0% cap · market cap 7.08%
Theoretical Best
Office A
$901.9K
$789.2K – $1.05M
NOI $63,135 @ 7.0% cap · market cap 12.03%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,126
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family residence with updated kitchens and bathrooms, newer water heaters, and off-street parking via shared driveway.
Where is this duplex located?
The property is located at 226-228 Lenox Ave 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: Two‑family residence built in 1905 with updated kitchens and bathrooms; Newer water heaters and an updated plumbing system; Off‑street parking available via a shared driveway
