Vacant Two-Unit
For Sale
Under Contract
$600,000
35 Morehouse Street, Bridgeport, CT 06605
Multi-Family For Sale, Units on different Floors, Bridgeport, CT
Property Size2,436 SF
Lot Size0.06 Acres
Price / SF$246.31
Days on Market48
Property Features for 35 Morehouse Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
ORS
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bedroom 3, Basement, Bedroom 4, Bedroom 2, Bathroom 1
Basement
Full, Unfinished
Lot features
Level Lot
Elementary school
Per Board of Ed
High school
Per Board of Ed
Directions
Fairfield Ave to Morehouse St
Subdivision
Black Rock
Standard status
Active Under Contract
Size
2,436 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7386
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Water source
Public
Building Details
Year built
1911
Architectural style
Other
Listing Agency:
RE/MAX Right Choice · RE/MAX International
(203) 372-6996
Listed By:
JD Defrancisco
(203) 243-7823
Added: Aug 30
Changed: Oct 4
Last Checked: Oct 16 at 2:06AM
MLS# 24202652
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.
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Investment Insights
Based on property information with market context.
This 2,436-square-foot duplex contains two separate two-bedroom, one-bath residences and is being offered vacant. The property includes a finished attic, basement storage and utility space, gas-fired hot-water heating, and a layout suited to a two-family configuration. Built in 1911, the building is served by public water and public sewer and is designated ORS zoning. The property is offered as-is.
The address is in Bridgeport’s Black Rock area, with Fairfield Metro approximately two minutes away. Fairfield Avenue, restaurants, bars, shops, parks, and transportation are identified among the nearby neighborhood amenities. The 0.06-acre property provides a compact residential income asset with two established living units and additional interior space in the attic and basement.
The address is in Bridgeport’s Black Rock area, with Fairfield Metro approximately two minutes away. Fairfield Avenue, restaurants, bars, shops, parks, and transportation are identified among the nearby neighborhood amenities. The 0.06-acre property provides a compact residential income asset with two established living units and additional interior space in the attic and basement.
Key Highlights
- 2,436‑square‑foot duplex with two separate residential units
- Two 2‑bedroom, 1‑bath units offered vacant
- Finished attic with expansion potential
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,568
Cap Rate
5.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$631,360
$631.4K
Cap Rate 7%
$450,971
$451.0K
Cap Rate 9%
$350,756
$350.8K
Market Conditions
NOI Build-Up for 2,436 SF
Gross rent
$48.2K $19.80/SF
− Vacancy
−$3.1K −$1.29/SF
EGI
$45.1K $18.51/SF
− OpEx
−$13.5K −$5.55/SF
NOI
$31.6K $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%
$631,360
Cap Rate 7%
$450,971
Cap Rate 9%
$350,756
Alternative Uses
Best Use
Multifamily LT 5
$451.0K
$394.6K – $526.1K
NOI $31,568 @ 7.0% cap · market cap 5.26%
Second Best
Apartment 5plus
$409.3K
$358.2K – $477.6K
NOI $28,654 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$695.3K
$608.4K – $811.2K
NOI $48,670 @ 7.0% cap · market cap 8.11%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,288
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
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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 - Vacant legal two-family property with separate living spaces, a finished attic, and basement utility areas.
Where is this duplex located?
The property is located at 35 Morehouse Street Bridgeport, CT.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 2,436‑square‑foot duplex with two separate residential units; Two 2‑bedroom, 1‑bath units offered vacant; Finished attic with expansion potential
