Spacious Bridgeport Multi-Family
384 Wells Street Bridgeport, CT 06606
384 Wells Street, Bridgeport, CT, 06606
$639,900
For Sale
$639,900
Two-family home with six bedrooms and strong investment potential.
Property Size3,232 SF
Price / SF$197.99
Days on Market64
Property Features for 384 Wells Street
General Information
- Standard status
- Active
- Size
- 3,232 SF
- Property subtype
- Multi-Family / 2 Family
Building Details
- Year Built
- 1877
Listing Agency
eRealty Advisors, Inc.
(203) 690-8895
Listed by
Andrea Garcia · License #RES.0801882
(203) 690-8895
Source
Compass
Added: May 15 Checked: Jul 17 at 6:00 am
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 eRealty Advisors, Inc.
Investment Insights
Based on property information with market context.
This two-story, two-family home in Bridgeport features a total of 12 rooms, including 6 bedrooms and 2 full bathrooms, with approximately 3,232 sq. ft. of living space. Each unit contains 3 bedrooms and 1 full bathroom. The property is equipped with forced-air heat using natural gas and includes an open porch. The location provides convenient access to schools, local amenities, shopping, and major routes, offering strong potential for both owner-occupants and investors.
Key Highlights
- Spacious 2‑family home with 3,232 sq. ft. of living space.
- Each unit features 3 bedrooms and 1 full bathroom.
- Ideal for owner‑occupants or investors.
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 | $64.0k | $19.80 |
| − Vacancy | −$4.2k | −$1.29 |
| EGI | $59.8k | $18.51 |
| − OpEx | −$18.0k | −$5.55 |
| NOI | $41.9k | $12.96 |
3,232 SF · lease $19.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$598.3K
$523.6K – $698.1K
NOI $41,884 @ 7.0% cap · market cap 6.55%
Second Best
Apartment 5plus
$543.1K
$475.2K – $633.6K
NOI $38,017 @ 7.0% cap · market cap 5.94%
Theoretical Best
Office A
$922.5K
$807.2K – $1.08M
NOI $64,574 @ 7.0% cap · market cap 10.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-family home with six bedrooms and strong investment potential.
Where is this duplex located?
The property is located at 384 Wells Street Bridgeport, CT.
What is the asking price?
The asking price for this property is $639,900.
What are key features of this property?
This property features: Spacious 2‑family home with 3,232 sq. ft. of living space.; Each unit features 3 bedrooms and 1 full bathroom.; Ideal for owner‑occupants or investors.
