Attached Two-Family Residential
For Sale
$329,000
Pending
307 Dover Street, Bridgeport, CT 06610
MULTI_FAMILY - Bridgeport, CT
Property Size1,712 SF
Lot Size0.06 Acres
Days on Market113
Property Features for 307 Dover Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RC
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Basement, Bedroom 3, Bedroom 1, Bedroom 4, Bathroom 1, Bathroom 2
Patio and Porch features
Porch
Exterior features
Porch
Basement
Full
Lot features
Level Lot
Elementary school
Per Board of Ed
High school
Per Board of Ed
Directions
Off Boston Avenue
Subdivision
Mill Hill
Standard status
Pending
Size
1,712 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
3433
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1910
Architectural style
Other
Listing Agency:
RE/MAX Right Choice · RE/MAX International
(203) 372-6996
Listed By:
Luisa Dias · License #RES.0181250
(203) 257-4219
Added: Apr 20
Changed: Aug 2
Last Checked: Aug 10 at 7:06PM
MLS# 24168703
Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This attached two-family residential building includes eight rooms, four bedrooms, two bathrooms, and a full basement. The property is being sold in as-is condition, with both apartments currently occupied by tenants. A porch is included as an exterior feature.
The home sits on a 0.06-acre lot and was built in 1910. Services include public water and public sewer. Zoning is RC.
While details such as interior layout beyond the room, bedroom, and bath count are limited, the existing configuration supports two separate apartment units within the attached structure, with a full basement for additional space.
The home sits on a 0.06-acre lot and was built in 1910. Services include public water and public sewer. Zoning is RC.
While details such as interior layout beyond the room, bedroom, and bath count are limited, the existing configuration supports two separate apartment units within the attached structure, with a full basement for additional space.
Key Highlights
- Attached two‑family building with full basement
- Eight rooms, four bedrooms, two bathrooms
- Porch exterior feature
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
$22,186
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
6.74%
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%
$443,720
$443.7K
Cap Rate 7%
$316,943
$316.9K
Cap Rate 9%
$246,511
$246.5K
Market Conditions
NOI Build-Up for 1,712 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
$33.9K $19.80/SF
− Vacancy
−$2.2K −$1.29/SF
EGI
$31.7K $18.51/SF
− OpEx
−$9.5K −$5.55/SF
NOI
$22.2K $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%
$443,720
Cap Rate 7%
$316,943
Cap Rate 9%
$246,511
Alternative Uses
Best Use
Multifamily LT 5
$316.9K
$277.3K – $369.8K
NOI $22,186 @ 7.0% cap · market cap 6.74%
Second Best
Apartment 5plus
$287.7K
$251.7K – $335.6K
NOI $20,138 @ 7.0% cap · market cap 6.12%
Theoretical Best
Office A
$488.6K
$427.6K – $570.1K
NOI $34,205 @ 7.0% cap · market cap 10.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,366
Businesses Nearby
Explore this area
Business Placement
Demographics for 06610, CT
23,347
Population
9,292
Households
2.5
Avg Household Size
39
Median Age
17%
College-Educated
78%
High-School Grad
3.1 sq mi
ZIP Area
7,531
Density / Sq Mi
$50,836
Median Household Income
$36,698
Median Earnings
$1,364
Median Rent
$224,700
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 - Attached two-family home on a small lot with public water and public sewer, built in 1910.
Where is this duplex located?
The property is located at 307 Dover Street Bridgeport, CT.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Attached two‑family building with full basement; Eight rooms, four bedrooms, two bathrooms; Porch exterior feature
