Two-Family Duplex with Separate
For Sale
$475,000
340 Bond Street, Bridgeport, CT 06610
Well-maintained two-family duplex with two 2-bedroom units, each with its own entrance, suited for owner-occupancy or rental income.
Property Size1,712 SF
Price / SF$277.45
Days on Market132
Property Features for 340 Bond Street
General Information
Standard status
Active
Size
1,712 SF
Property subtype
2 Family
Site & Location
Neighborhood
Mill Hill
Highway Access
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,670
Building Details
Building Size
1,712 SF
Year Built
1910
Tenancy
Multi
Listing Agency:
William Raveis
Listed By:
Elizabeth Casey
(203) 260-7118
Source:
Elizabethcaseyhomes
Added: Jun 21
Changed: Oct 28
Last Checked: Oct 26 at 2:27PM
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 William Raveis
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Investment Insights
Based on property information with market context.
340 Bond Street is a well-maintained duplex-style two-family property featuring two spacious apartments. Each unit includes 2 bedrooms and 1 bathroom with comfortable living areas, and both apartments have separate entrances for privacy and day-to-day functionality.
Located in Bridgeport’s East Side neighborhood, the property is described as providing convenient access to downtown Bridgeport, Metro-North, major highways, shopping, restaurants, schools, parks, and local employers. The area is noted as somewhat bikeable with lower walkability and transit, consistent with a more car-dependent pattern.
This setup can work well for an owner-occupant who wants to live in one unit while renting the other. For investors, the listing states that each two-bedroom apartment has the potential to generate approximately $1,800 to $2,200 per month in rental income, equating to a projected gross annual income of up to $52,800 when fully leased. As a two-family residence with separate entrances, it offers flexibility for multiple living arrangements while maintaining a straightforward duplex layout.
Located in Bridgeport’s East Side neighborhood, the property is described as providing convenient access to downtown Bridgeport, Metro-North, major highways, shopping, restaurants, schools, parks, and local employers. The area is noted as somewhat bikeable with lower walkability and transit, consistent with a more car-dependent pattern.
This setup can work well for an owner-occupant who wants to live in one unit while renting the other. For investors, the listing states that each two-bedroom apartment has the potential to generate approximately $1,800 to $2,200 per month in rental income, equating to a projected gross annual income of up to $52,800 when fully leased. As a two-family residence with separate entrances, it offers flexibility for multiple living arrangements while maintaining a straightforward duplex layout.
Key Highlights
- Duplex two‑family property built in 1910 with two separate apartments.
- Each unit features 2 bedrooms and 1 bathroom with comfortable living areas.
- Separate entrances for both apartments support privacy and flexible living or renting.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,186
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
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
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 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 4.67%
Second Best
Apartment 5plus
$287.7K
$251.7K – $335.6K
NOI $20,138 @ 7.0% cap · market cap 4.24%
Theoretical Best
Office A
$488.6K
$427.6K – $570.1K
NOI $34,205 @ 7.0% cap · market cap 7.20%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
481
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained two-family duplex with two 2-bedroom units, each with its own entrance, suited for owner-occupancy or rental income.
Where is this duplex located?
The property is located at 340 Bond Street Bridgeport, CT.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Duplex two‑family property built in 1910 with two separate apartments.; Each unit features 2 bedrooms and 1 bathroom with comfortable living areas.; Separate entrances for both apartments support privacy and flexible living or renting.
