Duplex with Detached Two-Car
For Sale
$730,000
Pending
39-41 Grasso Terrace, Bridgeport, CT 06604
Multi-Family For Sale, Units on different Floors, Bridgeport, CT
Property Size3,687 SF
Lot Size0.14 Acres
Days on Market54
Property Features for 39-41 Grasso Terrace
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RB
Bedrooms
8
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Basement, Bedroom 6, Bedroom 5, Bedroom 2, Bedroom 7, Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 8
Parking
5
Patio and Porch features
Deck
Exterior features
Deck,Lighting
Fireplace
1
Basement
Unfinished, Full
Lot features
Level Lot
Elementary school
Per Board of Ed
High school
Per Board of Ed
Directions
GPS Accesible
Subdivision
Brooklawn
Standard status
Pending
Size
3,687 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
9077
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
private backyard
deck
Building Details
Year built
1933
Architectural style
Other
Listing Agency:
US Asset Realty
(800) 913-1936
Listed By:
Alexia Andrade · License #RES.0815052
(203) 383-9986
Added: Jul 9
Changed: Aug 19
Last Checked: Aug 31 at 6:06AM
MLS# 24187141
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.
Investment Insights
Based on property information with market context.
This 1933 duplex contains two residential units within 3,687 square feet. Each apartment provides four bedrooms and one full bathroom, for a combined total of 8 bedrooms and 2 full bathrooms. Interior features include updated kitchens and bathrooms, hardwood flooring, and functional layouts. The property also includes a basement, fireplace, private backyard, deck, exterior lighting, and a detached 2-car garage. Public water and public sewer serve the property, which is zoned RB.
Located at 39-41 Grasso Terrace in Bridgeport, the property sits near the Bridgeport/Fairfield border. Access to I-95 and Route 8/25, Metro-North train stations, Sacred Heart University, St. Vincent's Medical Center, shopping centers, restaurants, and parks is identified in the property information.
Located at 39-41 Grasso Terrace in Bridgeport, the property sits near the Bridgeport/Fairfield border. Access to I-95 and Route 8/25, Metro-North train stations, Sacred Heart University, St. Vincent's Medical Center, shopping centers, restaurants, and parks is identified in the property information.
Key Highlights
- Two‑unit duplex with 8 bedrooms and 2 full bathrooms
- Each apartment includes 4 bedrooms and 1 full bathroom
- 3,687 square feet on a 0.14‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$47,780
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.55%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$955,600
$955.6K
Cap Rate 7%
$682,571
$682.6K
Cap Rate 9%
$530,889
$530.9K
Market Conditions
NOI Build-Up for 3,687 SF
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.
Gross rent
$73.0K $19.80/SF
− Vacancy
−$4.7K −$1.29/SF
EGI
$68.3K $18.51/SF
− OpEx
−$20.5K −$5.55/SF
NOI
$47.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$955,600
Cap Rate 7%
$682,571
Cap Rate 9%
$530,889
Alternative Uses
Best Use
Multifamily LT 5
$682.6K
$597.3K – $796.3K
NOI $47,780 @ 7.0% cap · market cap 6.55%
Second Best
Apartment 5plus
$619.6K
$542.1K – $722.8K
NOI $43,369 @ 7.0% cap · market cap 5.94%
Theoretical Best
Office A
$1.05M
$920.8K – $1.23M
NOI $73,664 @ 7.0% cap · market cap 10.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
419
Businesses Nearby
Explore this area
Business Placement
Demographics for 06604, CT
30,003
Population
12,972
Households
2.3
Avg Household Size
35
Median Age
29%
College-Educated
74%
High-School Grad
3.2 sq mi
ZIP Area
9,376
Density / Sq Mi
$45,794
Median Household Income
$34,706
Median Earnings
$1,419
Median Rent
$231,300
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 - Two residential units offer updated kitchens, hardwood floors, decks, and private outdoor space.
Where is this duplex located?
The property is located at 39-41 Grasso Terrace Bridgeport, CT.
What is the asking price?
The asking price for this property is $730,000.
What are key features of this property?
This property features: Two‑unit duplex with 8 bedrooms and 2 full bathrooms; Each apartment includes 4 bedrooms and 1 full bathroom; 3,687 square feet on a 0.14‑acre lot
