Duplex with Finished
For Sale
$619,000
25 Westfield Avenue, Bridgeport, CT 06606
Two residential units feature updated bathrooms, private laundry, and outdoor deck space.
Property Size2,953 SF
Price / SF$209.62
Days on Market242
Property Features for 25 Westfield Avenue
General Information
Standard status
Active
Size
2,953 SF
Property subtype
Multi-Family / 2 Family
Zoning
RA
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,599
Amenities
hardwood floors
updated bathrooms
in-unit washer/dryer
front deck
back deck
spacious backyard
Yes
Baseboard, Heat Pump, Hot Air
10
Split System, Window Unit
1
Finished, Walk-up
All Units Have Hook-Ups
Sidewalk, Deck
Not Applicable
Building Details
Year Built
1920
Listing Agency:
BHGRE Gaetano Marra Homes
(203) 627-8726
Listed By:
Stephanie F Ferreira · License #RES.0821641
(203) 627-8726
Source:
Compass
Added: Jan 1
Changed: Aug 29
Last Checked: Aug 30 at 11:48PM
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 BHGRE Gaetano Marra Homes
Investment Insights
Based on property information with market context.
This 2,953-square-foot duplex, built in 1920, includes two residential units with hardwood flooring throughout. The first-floor residence has two bedrooms, one full bathroom, and an in-unit washer and dryer. Upstairs, the second-floor unit extends into a finished walk-up attic and provides two bedrooms, additional living space, a half bathroom, and its own laundry appliances. Updated bathrooms and a new roof add to the property’s recent improvements.
Front and rear decks connect the home to a spacious backyard, while sidewalks provide established pedestrian access. The property is located on Westfield Avenue in Bridgeport’s North End, near universities, hospitals, shopping, dining, public transportation, and major highways. Zoning is RA, and tenants are currently in place.
Front and rear decks connect the home to a spacious backyard, while sidewalks provide established pedestrian access. The property is located on Westfield Avenue in Bridgeport’s North End, near universities, hospitals, shopping, dining, public transportation, and major highways. Zoning is RA, and tenants are currently in place.
Key Highlights
- 2,953 SF duplex on a 1920‑built property
- Two units, each with in‑unit washer and dryer
- Upper residence includes a finished walk‑up attic
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,268
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$765,360
$765.4K
Cap Rate 7%
$546,686
$546.7K
Cap Rate 9%
$425,200
$425.2K
Market Conditions
NOI Build-Up for 2,953 SF
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.
Gross rent
$58.5K $19.80/SF
− Vacancy
−$3.8K −$1.29/SF
EGI
$54.7K $18.51/SF
− OpEx
−$16.4K −$5.55/SF
NOI
$38.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$765,360
Cap Rate 7%
$546,686
Cap Rate 9%
$425,200
Alternative Uses
Best Use
Multifamily LT 5
$546.7K
$478.4K – $637.8K
NOI $38,268 @ 7.0% cap · market cap 6.18%
Second Best
Apartment 5plus
$496.2K
$434.2K – $578.9K
NOI $34,736 @ 7.0% cap · market cap 5.61%
Theoretical Best
Office A
$842.9K
$737.5K – $983.3K
NOI $59,000 @ 7.0% cap · market cap 9.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,334
Businesses Nearby
Explore this area
Business Placement
Demographics for 06606, CT
48,427
Population
19,002
Households
2.5
Avg Household Size
36
Median Age
23%
College-Educated
82%
High-School Grad
5.3 sq mi
ZIP Area
9,137
Density / Sq Mi
$68,538
Median Household Income
$35,128
Median Earnings
$1,434
Median Rent
$272,100
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 - Two residential units feature updated bathrooms, private laundry, and outdoor deck space.
Where is this duplex located?
The property is located at 25 Westfield Avenue Bridgeport, CT.
What is the asking price?
The asking price for this property is $619,000.
What are key features of this property?
This property features: 2,953 SF duplex on a 1920‑built property; Two units, each with in‑unit washer and dryer; Upper residence includes a finished walk‑up attic
