Two-Family Residential Income
For Sale
$730,000
39-41 Grasso Terrace, Bridgeport, CT 06604
Well-maintained two-family with updated kitchens and baths, hardwood floors, and a detached two-car garage with off-street parking.
Property Size3,687 SF
Price / SF$197.99
Days on Market88
Property Features for 39-41 Grasso Terrace
General Information
Standard status
Active
Size
3,687 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1933
Listing Agency:
US Asset Realty
Listed By:
Alexia Andrade · License #RES.0815052
(800) 913-1936
Source:
Themialeteam
Added: Jul 10
Changed: Sep 24
Last Checked: Oct 4 at 3:18PM
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 US Asset Realty
Investment Insights
Based on property information with market context.
This well-maintained two-family home offers a total of 8 bedrooms and 2 full bathrooms, with each unit featuring 4 bedrooms and 1 full bathroom. Both apartments include updated kitchens and bathrooms and hardwood floors throughout, supported by bright, functional layouts.
The property includes outdoor space with a private backyard and a deck. A detached 2-car garage provides off-street parking and additional storage.
Located on the Bridgeport/Fairfield border, the home is positioned for convenient access to I-95 and Route 8/25, with Metro-North train stations and nearby destinations including Sacred Heart University, St. Vincent’s Medical Center, shopping, restaurants, and parks.
The property includes outdoor space with a private backyard and a deck. A detached 2-car garage provides off-street parking and additional storage.
Located on the Bridgeport/Fairfield border, the home is positioned for convenient access to I-95 and Route 8/25, with Metro-North train stations and nearby destinations including Sacred Heart University, St. Vincent’s Medical Center, shopping, restaurants, and parks.
Key Highlights
- 1933‑built well‑maintained two‑family home with 8 bedrooms and 2 full bathrooms total
- Each unit offers 4 bedrooms and 1 full bathroom
- Updated kitchens and bathrooms in both apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,780
Cap Rate
6.55%
Suggested Prices Based on Cap Rates
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
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 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
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Current Use
Lease Details
2
Residential units
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained two-family with updated kitchens and baths, hardwood floors, and a detached two-car garage with off-street parking.
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: 1933‑built well‑maintained two‑family home with 8 bedrooms and 2 full bathrooms total; Each unit offers 4 bedrooms and 1 full bathroom; Updated kitchens and bathrooms in both apartments
