Two-Family Residential Income
416 Wells Street Bridgeport, CT 06606
416 Wells Street, Bridgeport, CT, 06606
$609,000
For Sale
$609,000
Well-maintained duplex with spacious bedrooms on each floor, updated garage, and a partially finished full basement.
Property Size2,132 SF
Price / SF$285.65
Days on Market8
Property Features for 416 Wells Street
General Information
- Standard status
- Active
- Size
- 2,132 SF
- Property subtype
- 2 Family
Building Details
- Year Built
- 1952
Listing agency
Mia Realty LLC
(203) 216-8853
Listed by
Ian Ross
(203) 216-8853
Source
Lockandkeyre
Added: Jul 16 Updated: Jul 21 at 7:22AM Checked: Jul 22 at 4:59AM
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 Mia Realty LLC
Investment Insights
Based on property information with market context.
This well-maintained two-family property offers spacious rooms on each floor, including large bedrooms, and is presented as move-in ready. The home includes an updated and well-maintained garage sized for vehicles and storage of landscaping equipment. A full basement is also partially finished, adding flexibility to the indoor space.
The property is located in an area close to schools and downtown, with easy access to highways and nearby shopping.
Offered for sale as a residential income property, the layout supports either living in one unit while renting the other or operating as a cash-flow focused investment.
The property is located in an area close to schools and downtown, with easy access to highways and nearby shopping.
Offered for sale as a residential income property, the layout supports either living in one unit while renting the other or operating as a cash-flow focused investment.
Key Highlights
- Well‑maintained 2‑family duplex built in 1952
- Spacious bedrooms on each floor with huge room sizes
- Updated/maintained garage big enough for cars and storage for landscaping equipment
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 | $42.2k | $19.80 |
| − Vacancy | −$2.7k | −$1.29 |
| EGI | $39.5k | $18.51 |
| − OpEx | −$11.8k | −$5.55 |
| NOI | $27.6k | $12.96 |
2,132 SF · lease $19.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$394.7K
$345.4K – $460.5K
NOI $27,629 @ 7.0% cap · market cap 4.54%
Second Best
Apartment 5plus
$358.3K
$313.5K – $418.0K
NOI $25,078 @ 7.0% cap · market cap 4.12%
Theoretical Best
Office A
$608.5K
$532.5K – $709.9K
NOI $42,596 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained duplex with spacious bedrooms on each floor, updated garage, and a partially finished full basement.
Where is this duplex located?
The property is located at 416 Wells Street Bridgeport, CT.
What is the asking price?
The asking price for this property is $609,000.
What are key features of this property?
This property features: Well‑maintained 2‑family duplex built in 1952; Spacious bedrooms on each floor with huge room sizes; Updated/maintained garage big enough for cars and storage for landscaping equipment
