Detached Two-Family Brick
For Sale
$549,999
Pending
31-33 Plymouth Street, Bridgeport, CT 06610
Solid brick detached 2-family home with a spacious 2-over-2 layout, extra rooms, and a detached 2-car garage.
Property Size2,266 SF
Days on Market107
Property Features for 31-33 Plymouth Street
General Information
Standard status
Pending
Size
2,266 SF
Total Parking Spaces
2
Property subtype
2 Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1917
Listing Agency:
West-Green & Assoc RE Brokers
Listed By:
Veronica Suarez · License #40SU1076200
(917) 208-6596
Source:
Lockandkeyre
Added: May 22
Changed: Aug 8
Last Checked: Jul 23 at 5:42AM
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 West-Green & Assoc RE Brokers
Investment Insights
Based on property information with market context.
This solid brick detached two-family home features a spacious 2-bedroom over 2-bedroom layout. Each floor includes an additional room that can support flexible use, such as a home office, guest room, or extra living space. The property also offers a detached 2-car garage and an unfinished basement with potential.
The home is situated on a quiet residential street in Bridgeport’s North End area, near shopping and restaurants, with Route 25 also nearby.
As configured, the property provides two separate residential units within one detached building, along with garage and basement space for practical storage and possible future improvement.
The home is situated on a quiet residential street in Bridgeport’s North End area, near shopping and restaurants, with Route 25 also nearby.
As configured, the property provides two separate residential units within one detached building, along with garage and basement space for practical storage and possible future improvement.
Key Highlights
- 1917 solid brick detached 2‑family home
- Spacious 2‑over‑2 layout with 2 bedrooms on each floor
- Additional room on each floor for flexible space such as an office or guest room
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
$29,365
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
5.34%
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%
$587,300
$587.3K
Cap Rate 7%
$419,500
$419.5K
Cap Rate 9%
$326,278
$326.3K
Market Conditions
NOI Build-Up for 2,266 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
$44.9K $19.80/SF
− Vacancy
−$2.9K −$1.29/SF
EGI
$42.0K $18.51/SF
− OpEx
−$12.6K −$5.55/SF
NOI
$29.4K $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%
$587,300
Cap Rate 7%
$419,500
Cap Rate 9%
$326,278
Alternative Uses
Best Use
Multifamily LT 5
$419.5K
$367.1K – $489.4K
NOI $29,365 @ 7.0% cap · market cap 5.34%
Second Best
Apartment 5plus
$380.8K
$333.2K – $444.2K
NOI $26,654 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$646.8K
$565.9K – $754.6K
NOI $45,274 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
769
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 - Solid brick detached 2-family home with a spacious 2-over-2 layout, extra rooms, and a detached 2-car garage.
Where is this duplex located?
The property is located at 31-33 Plymouth Street Bridgeport, CT.
What is the asking price?
The asking price for this property is $549,999.
What are key features of this property?
This property features: 1917 solid brick detached 2‑family home; Spacious 2‑over‑2 layout with 2 bedrooms on each floor; Additional room on each floor for flexible space such as an office or guest room
