Well-Maintained Two-Family
227 Newfield Avenue Bridgeport, CT 06607
227 Newfield Avenue, Bridgeport, CT, 06607
$599,000
Pending
For Sale
$599,000
Pending
Two-family home near Steelpointe harbor, ideal for owners or investors.
Property Size1,672 SF
Days on Market101
Property Features for 227 Newfield Avenue
General Information
- Standard status
- Pending
- Size
- 1,672 SF
- Property subtype
- 2 Family
Building Details
- Year Built
- 1897
Listing Agency
William Raveis Real Estate
(203) 461-1152
Listed by
Charly Talledo
(203) 461-1152
Source
Lockandkeyre
Added: Apr 8 Checked: Jul 17 at 5:43 am
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 William Raveis Real Estate
Investment Insights
Based on property information with market context.
Located near the Steelpointe harbor development, 227 Newfield Avenue is a two-family home suitable for both owner-occupants and investors. The property includes two units, each featuring 2 bedrooms, an eat-in kitchen, a living room, and 1 full bath. Additionally, the property features a fully finished lower level that could serve as an in-law suite or a private work-from-home space. A fenced backyard and a 2-car detached garage are included. The property is conveniently located near shopping, dining, schools, and public transportation. The property size is 1672 square feet and is being sold as-is.
Key Highlights
- Two spacious units, ideal for owner‑occupancy or investment.
- Fully finished lower level suitable as an in‑law suite or work‑from‑home space.
- Convenient location near shopping, dining, schools, and public transportation.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.1k | $19.80 |
| − Vacancy | −$2.2k | −$1.29 |
| EGI | $31.0k | $18.51 |
| − OpEx | −$9.3k | −$5.55 |
| NOI | $21.7k | $12.96 |
1,672 SF · lease $19.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$309.5K
$270.9K – $361.1K
NOI $21,668 @ 7.0% cap · market cap 3.62%
Second Best
Apartment 5plus
$281.0K
$245.8K – $327.8K
NOI $19,667 @ 7.0% cap · market cap 3.28%
Theoretical Best
Office A
$477.2K
$417.6K – $556.8K
NOI $33,406 @ 7.0% cap · market cap 5.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-family home near Steelpointe harbor, ideal for owners or investors.
Where is this duplex located?
The property is located at 227 Newfield Avenue Bridgeport, CT.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Two spacious units, ideal for owner‑occupancy or investment.; Fully finished lower level suitable as an in‑law suite or work‑from‑home space.; Convenient location near shopping, dining, schools, and public transportation.
