297 Laurel, Bridgeport, CT 06605
For Sale
$525,000
A 19th-century residential property offers space for owner occupancy or rental use.
Property Size2,523 SF
Price / SF$208.09
Days on Market11
Property Features for 297 Laurel
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Public Transit
Building Details
Year Built
Listing Agency:
Maple Vale Realty LLC
(203) 572-6180
Listed By:
Jenny Munoz · License CT RES.0821455
(203) 241-8027
Source:
Lockandkeyre
Added: Nov 3
Changed: Nov 12
Last Checked: Nov 12 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 Maple Vale Realty LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1897, this duplex contains 2,523 square feet of residential space and is offered for sale. Its configuration supports either owner occupancy or multifamily rental use.
The property is at 297 Laurel in Bridgeport, Connecticut. Shopping, restaurants, public transportation, and major highways are described as nearby.
The property is at 297 Laurel in Bridgeport, Connecticut. Shopping, restaurants, public transportation, and major highways are described as nearby.
Key Highlights
- 2,523 square feet of residential space
- Built in 1897
- Near shopping, restaurants, public transportation, and major highways
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,696
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$653,920
$653.9K
Cap Rate 7%
$467,086
$467.1K
Cap Rate 9%
$363,289
$363.3K
Market Conditions
NOI Build-Up for 2,523 SF
Gross rent
$50.0K $19.80/SF
− Vacancy
−$3.2K −$1.29/SF
EGI
$46.7K $18.51/SF
− OpEx
−$14.0K −$5.55/SF
NOI
$32.7K $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%
$653,920
Cap Rate 7%
$467,086
Cap Rate 9%
$363,289
Alternative Uses
Best Use
Multifamily LT 5
$467.1K
$408.7K – $544.9K
NOI $32,696 @ 7.0% cap · market cap 6.23%
Second Best
Apartment 5plus
$424.0K
$371.0K – $494.6K
NOI $29,678 @ 7.0% cap · market cap 5.65%
Theoretical Best
Office A
$720.1K
$630.1K – $840.1K
NOI $50,408 @ 7.0% cap · market cap 9.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,478
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
$273,100
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Bridgeport, CT
Properties on Market for Duplexes in Bridgeport
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A 19th-century residential property offers space for owner occupancy or rental use.
Where is this duplex located?
The property is located at 297 Laurel 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: 2,523 square feet of residential space; Built in 1897; Near shopping, restaurants, public transportation, and major highways
