Duplex with Updated
For Sale
$429,000
Pending
4 Armstrong, Bridgeport, CT 06608
Two-family property with newer siding, roofing, gutters, and completed chimney work in Bridgeport.
Property Size1,794 SF
Days on Market60
Property Features for 4 Armstrong
General Information
Standard status
Pending
Size
1,794 SF
Property subtype
2 Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Building Details
Year Built
1882
Listing Agency:
The Bella Group, LLC
(860) 868-0639
Listed By:
Diane Roldan · License #RES.0824798
(203) 768-7480
Source:
Lockandkeyre
Added: Aug 17
Changed: Oct 15
Last Checked: Oct 14 at 11:44PM
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 The Bella Group, LLC
Investment Insights
Based on property information with market context.
This two-family duplex, built in 1882, includes several recent exterior improvements: newer siding, a newer roof, updated gutters, and completed chimney work. Rental income is currently in place, providing an established income component for the property.
The home is located at 4 Armstrong Pl in Bridgeport, Connecticut, with access to major highways, shopping, and local amenities. WalkScore is 78, classified as Very Walkable; BikeScore is 60, classified as Bikeable; and TransitScore is 58, classified as Good Transit.
The home is located at 4 Armstrong Pl in Bridgeport, Connecticut, with access to major highways, shopping, and local amenities. WalkScore is 78, classified as Very Walkable; BikeScore is 60, classified as Bikeable; and TransitScore is 58, classified as Good Transit.
Key Highlights
- Two‑family duplex built in 1882
- Newer siding, roof, and gutters
- Chimney work has been completed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,249
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,980
$465.0K
Cap Rate 7%
$332,129
$332.1K
Cap Rate 9%
$258,322
$258.3K
Market Conditions
NOI Build-Up for 1,794 SF
Gross rent
$35.5K $19.80/SF
− Vacancy
−$2.3K −$1.29/SF
EGI
$33.2K $18.51/SF
− OpEx
−$10.0K −$5.55/SF
NOI
$23.2K $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%
$464,980
Cap Rate 7%
$332,129
Cap Rate 9%
$258,322
Alternative Uses
Best Use
Multifamily LT 5
$332.1K
$290.6K – $387.5K
NOI $23,249 @ 7.0% cap · market cap 5.42%
Second Best
Apartment 5plus
$301.5K
$263.8K – $351.7K
NOI $21,102 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$512.0K
$448.0K – $597.4K
NOI $35,843 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,023
Businesses Nearby
Explore this area
Business Placement
Demographics for 06608, CT
14,312
Population
4,915
Households
2.9
Avg Household Size
33
Median Age
7%
College-Educated
67%
High-School Grad
1.0 sq mi
ZIP Area
14,312
Density / Sq Mi
$43,008
Median Household Income
$30,524
Median Earnings
$1,311
Median Rent
$222,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family property with newer siding, roofing, gutters, and completed chimney work in Bridgeport.
Where is this duplex located?
The property is located at 4 Armstrong Bridgeport, CT.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Two‑family duplex built in 1882; Newer siding, roof, and gutters; Chimney work has been completed
