Two-Unit
New
For Sale
$575,000
235-237 Hanover Street, Bridgeport, CT 06605
The two-unit layout allows an owner to occupy one residence while leasing the other.
Property Size2,390 SF
Price / SF$240.59
Days on Market3
Property Features for 235-237 Hanover Street
General Information
Standard status
Active
Size
2,390 SF
Property subtype
2 Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,756
Building Details
Building Size
2,390 SF
Year Built
1883
Listing Agency:
Century 21 Scala Group
Listed By:
Rashaad Carswell
(203) 673-5733
Source:
Higginsgroup
Added: Oct 11
Last Checked: Oct 11 at 2:32PM
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
Investment Insights
Based on property information with market context.
This duplex contains two units totaling 2,390 square feet, with six bedrooms and two bathrooms. Constructed in 1883, the property is offered in as-is condition.
Shopping, restaurants, schools, and public transportation are nearby. Commuter routes include I-95 and Routes 15 and 8.
Shopping, restaurants, schools, and public transportation are nearby. Commuter routes include I-95 and Routes 15 and 8.
Key Highlights
- Two‑unit duplex with 2,390 square feet
- Six bedrooms and two bathrooms across the property
- Built in 1883
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,972
Cap Rate
5.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$619,440
$619.4K
Cap Rate 7%
$442,457
$442.5K
Cap Rate 9%
$344,133
$344.1K
Market Conditions
NOI Build-Up for 2,390 SF
Gross rent
$47.3K $19.80/SF
− Vacancy
−$3.1K −$1.29/SF
EGI
$44.2K $18.51/SF
− OpEx
−$13.3K −$5.55/SF
NOI
$31.0K $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%
$619,440
Cap Rate 7%
$442,457
Cap Rate 9%
$344,133
Alternative Uses
Best Use
Multifamily LT 5
$442.5K
$387.2K – $516.2K
NOI $30,972 @ 7.0% cap · market cap 5.39%
Second Best
Apartment 5plus
$401.6K
$351.4K – $468.6K
NOI $28,113 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$682.2K
$596.9K – $795.9K
NOI $47,751 @ 7.0% cap · market cap 8.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,269
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - The two-unit layout allows an owner to occupy one residence while leasing the other.
Where is this duplex located?
The property is located at 235-237 Hanover Street Bridgeport, CT.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,390 square feet; Six bedrooms and two bathrooms across the property; Built in 1883
