Two-Unit Duplex with Two-Car
For Sale
$499,900
Pending
35-37 Omega, Bridgeport, CT 06606
Updated eat-in kitchens serve both residential units.
Property Size1,632 SF
Days on Market55
Property Features for 35-37 Omega
General Information
Standard status
Pending
Size
1,632 SF
Property subtype
2 Family
Building Details
Year Built
1952
Listing Agency:
Century 21 AllPoints Realty
(203) 378-0210
Listed By:
Maureen McLarin · License #RES.0795621
(203) 923-7848
Source:
Lockandkeyre
Added: Aug 22
Changed: Oct 15
Last Checked: Oct 15 at 12:20AM
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 Century 21 AllPoints Realty
Investment Insights
Based on property information with market context.
The duplex at 35-37 Omega Avenue contains two residential units, each arranged with two bedrooms, one full bathroom, and an updated eat-in kitchen. The property was constructed in 1952 and offers a practical configuration for multifamily ownership or occupancy in one unit while leasing the other.
The building sits on a large, level, fenced lot with outdoor space, a private driveway, and a two-car garage. These improvements provide dedicated parking and useful storage or vehicle accommodation for the property.
The building sits on a large, level, fenced lot with outdoor space, a private driveway, and a two-car garage. These improvements provide dedicated parking and useful storage or vehicle accommodation for the property.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 full bathroom in each unit
- Updated eat‑in kitchens in both units
- Large, level, fenced lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,149
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$422,980
$423.0K
Cap Rate 7%
$302,129
$302.1K
Cap Rate 9%
$234,989
$235.0K
Market Conditions
NOI Build-Up for 1,632 SF
Gross rent
$32.3K $19.80/SF
− Vacancy
−$2.1K −$1.29/SF
EGI
$30.2K $18.51/SF
− OpEx
−$9.1K −$5.55/SF
NOI
$21.1K $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%
$422,980
Cap Rate 7%
$302,129
Cap Rate 9%
$234,989
Alternative Uses
Best Use
Multifamily LT 5
$302.1K
$264.4K – $352.5K
NOI $21,149 @ 7.0% cap · market cap 4.23%
Second Best
Apartment 5plus
$274.2K
$240.0K – $320.0K
NOI $19,197 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$465.8K
$407.6K – $543.5K
NOI $32,607 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
320
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 - Updated eat-in kitchens serve both residential units.
Where is this duplex located?
The property is located at 35-37 Omega Bridgeport, CT.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 1 full bathroom in each unit; Updated eat‑in kitchens in both units; Large, level, fenced lot
