Two-Family Residential Income
For Sale
$599,000
416 Wells St, Bridgeport, CT 06606
Well-maintained duplex with spacious bedrooms on each floor, updated garage, and a partially finished full basement.
Property Size2,132 SF
Price / SF$280.96
Days on Market101
Property Features for 416 Wells St
General Information
Standard status
Active
Size
2,132 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1952
Listing Agency:
Mia Realty LLC
Listed By:
Ian Ross (203) 216-8853 (203) 216-8853 · License #REB.0795695
(203) 216-8853
Source:
Yourcthomeguide
Added: Jul 14
Changed: Oct 19
Last Checked: Oct 20 at 10:09PM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,629
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$552,580
$552.6K
Cap Rate 7%
$394,700
$394.7K
Cap Rate 9%
$306,989
$307.0K
Market Conditions
NOI Build-Up for 2,132 SF
Gross rent
$42.2K $19.80/SF
− Vacancy
−$2.7K −$1.29/SF
EGI
$39.5K $18.51/SF
− OpEx
−$11.8K −$5.55/SF
NOI
$27.6K $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%
$552,580
Cap Rate 7%
$394,700
Cap Rate 9%
$306,989
Alternative Uses
Best Use
Multifamily LT 5
$394.7K
$345.4K – $460.5K
NOI $27,629 @ 7.0% cap · market cap 4.61%
Second Best
Apartment 5plus
$358.3K
$313.5K – $418.0K
NOI $25,078 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$608.5K
$532.5K – $709.9K
NOI $42,596 @ 7.0% cap · market cap 7.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,743
Businesses Nearby
Explore this area
Business Placement
Demographics for 06606, CT
48,427
Population
19,002
Households
2.5
Avg Household Size
36
Median Age
23%
College-Educated
82%
High-School Grad
5.3 sq mi
ZIP Area
9,137
Density / Sq Mi
$68,538
Median Household Income
$35,128
Median Earnings
$1,434
Median Rent
$272,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
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 St Bridgeport, CT.
What is the asking price?
The asking price for this property is $599,000.
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
