Well-Maintained Two-Family
359-361 Pacific Street Bridgeport, CT 06604
359-361 Pacific Street, Bridgeport, CT, 06604
$575,000
Pending
For Sale
$575,000
Pending
Two units each offer 2 bedrooms and 1 bath, with shared basement laundry and off-street parking via an oversized driveway.
Property Size3,325 SF
Days on Market29
Property Features for 359-361 Pacific Street
General Information
- Standard status
- Pending
- Size
- 3,325 SF
- Property subtype
- 2 Family
Building Details
- Year Built
- 1966
Listing agency
William Raveis Real Estate
(203) 912-1931
Listed by
Renee Macklin
(203) 912-1931
Source
Lockandkeyre
Added: Jun 23 Updated: Jul 21 at 12:23AM Checked: Jul 21 at 3:20AM
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 William Raveis Real Estate
Investment Insights
Based on property information with market context.
This very well-maintained two-family duplex is set up as a clean, income-producing residential property. Each unit features 2 bedrooms and 1 bathroom and includes beautiful hardwood floors. Laundry is located in the basement for both units, and the first-floor unit has full access to the basement for additional space, along with another full bathroom for added convenience.
The home sits on a level lot with a private backyard, plus a shed/garage that provides convenient extra storage. An oversized driveway offers plenty of off-street parking for multiple vehicles.
For everyday access, the property is located near the Fairfield line and is described as being close to bus, train, and shopping.
The home sits on a level lot with a private backyard, plus a shed/garage that provides convenient extra storage. An oversized driveway offers plenty of off-street parking for multiple vehicles.
For everyday access, the property is located near the Fairfield line and is described as being close to bus, train, and shopping.
Key Highlights
- Two‑family home built in 1966 with each unit offering 2 bedrooms and 1 bath
- Shared laundry in the basement for both units
- First‑floor unit has full access to the basement and includes an additional full bathroom
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $65.8k | $19.80 |
| − Vacancy | −$4.3k | −$1.29 |
| EGI | $61.6k | $18.51 |
| − OpEx | −$18.5k | −$5.55 |
| NOI | $43.1k | $12.96 |
3,325 SF · lease $19.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$615.6K
$538.6K – $718.2K
NOI $43,089 @ 7.0% cap · market cap 7.49%
Second Best
Apartment 5plus
$558.7K
$488.9K – $651.9K
NOI $39,111 @ 7.0% cap · market cap 6.80%
Theoretical Best
Office A
$949.0K
$830.4K – $1.11M
NOI $66,432 @ 7.0% cap · market cap 11.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two units each offer 2 bedrooms and 1 bath, with shared basement laundry and off-street parking via an oversized driveway.
Where is this duplex located?
The property is located at 359-361 Pacific Street Bridgeport, CT.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Two‑family home built in 1966 with each unit offering 2 bedrooms and 1 bath; Shared laundry in the basement for both units; First‑floor unit has full access to the basement and includes an additional full bathroom
