39-41 Grasso Terrace Bridgeport, CT 06604
MULTI_FAMILY - Bridgeport, CT
- Added:
- Jul 9, 2026
- Days on Market:
- 6
- Last Refresh:
- Jul 14 at 8:06 am
Property Features for 39-41 Grasso Terrace
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RB
- Bedrooms
- 8
- Bathrooms
- 2
- Rooms
- Bedroom 8, Bedroom 1, Bedroom 4, Bedroom 7, Basement, Bedroom 3, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 5, Bedroom 6
- Parking
- 5
- Patio and Porch features
- Deck
- Exterior features
- Deck,Lighting
- Fireplace
- 1
- Basement
- Unfinished, Full
- Standard status
- Active
- 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
Building Details
- Year built
- 1933
- Architectural style
- Other
Listing agent Alexia Andrade License #RES.0815052 (203) 383-9986
Listing office US Asset Realty 611 Access Road, Stratford, CT (800) 913-1936
Listing date Jul 9, 2026
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.
Located in Bridgeport, the property sits on the Bridgeport/Fairfield border and offers access to major routes, including I-95 and Route 8/25. It is also positioned near Metro-North train stations, Sacred Heart University, and St. Vincent's Medical Center, with shopping, restaurants, and parks available nearby.
The configuration supports both owner-occupants and investors seeking a manageable two-unit setup, with separate unit living that can accommodate changing household needs. Updated finishes and straightforward layouts may appeal to tenants who value move-in readiness and well-maintained common living spaces, while the outdoor deck and garage add practical day-to-day value.
Key Highlights
- Two‑family home built in 1933 with 8 total bedrooms and 2 full bathrooms (4 bedrooms and 1 full bath per unit).
- Updated kitchens and bathrooms in both units.
- Hardwood floors throughout.
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 | $73.0k | $19.80 |
| − Vacancy | −$4.7k | −$1.29 |
| EGI | $68.3k | $18.51 |
| − OpEx | −$20.5k | −$5.55 |
| NOI | $47.8k | $12.96 |
