Fully Renovated Two-Family
For Sale
$635,000
Pending
43-45 Sanford Avenue, Bridgeport, CT 06604
Turnkey two-family residence with brand-new kitchens, updated baths, and a finished attic for added flexible living space.
Property Size3,501 SF
Days on Market63
Property Features for 43-45 Sanford Avenue
General Information
Standard status
Pending
Size
3,501 SF
Property subtype
2 Family
Building Details
Year Built
1907
Listing Agency:
Rosana Melo Realty
Listed By:
Rosania Melo · License #REB.0795867
(203) 545-1459
Source:
Lockandkeyre
Added: Jul 7
Changed: Aug 23
Last Checked: Jul 24 at 12:57PM
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 Rosana Melo Realty
Investment Insights
Based on property information with market context.
This fully renovated two-family home offers a move-in ready setup with brand-new kitchens and beautifully updated bathrooms. Durable wood flooring is featured on the main living levels, with durable vinyl flooring in the finished attic. The home also includes fresh interior paint throughout and a finished attic that can serve as additional living space, a home office, or a recreation area.
The property is located on Sanford Avenue in Bridgeport and is described as being just minutes from major highways, shopping, restaurants, schools, parks, and public transportation, supporting convenient day-to-day access.
Overall, the home’s updated interiors, finished attic, and renovated residential units provide a complete, turnkey configuration for an owner-occupant or an investor.
The property is located on Sanford Avenue in Bridgeport and is described as being just minutes from major highways, shopping, restaurants, schools, parks, and public transportation, supporting convenient day-to-day access.
Overall, the home’s updated interiors, finished attic, and renovated residential units provide a complete, turnkey configuration for an owner-occupant or an investor.
Key Highlights
- Fully renovated two‑family home with brand‑new kitchens and updated bathrooms
- Finished walk‑up attic adds extra flexible living space for a home office or recreation area
- Attractive wood flooring on the main living levels
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$45,370
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.14%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$907,400
$907.4K
Cap Rate 7%
$648,143
$648.1K
Cap Rate 9%
$504,111
$504.1K
Market Conditions
NOI Build-Up for 3,501 SF
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.
Gross rent
$69.3K $19.80/SF
− Vacancy
−$4.5K −$1.29/SF
EGI
$64.8K $18.51/SF
− OpEx
−$19.4K −$5.55/SF
NOI
$45.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$907,400
Cap Rate 7%
$648,143
Cap Rate 9%
$504,111
Alternative Uses
Best Use
Multifamily LT 5
$648.1K
$567.1K – $756.2K
NOI $45,370 @ 7.0% cap · market cap 7.14%
Second Best
Apartment 5plus
$588.3K
$514.8K – $686.4K
NOI $41,182 @ 7.0% cap · market cap 6.49%
Theoretical Best
Office A
$999.3K
$874.4K – $1.17M
NOI $69,948 @ 7.0% cap · market cap 11.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,596
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Turnkey two-family residence with brand-new kitchens, updated baths, and a finished attic for added flexible living space.
Where is this duplex located?
The property is located at 43-45 Sanford Avenue Bridgeport, CT.
What is the asking price?
The asking price for this property is $635,000.
What are key features of this property?
This property features: Fully renovated two‑family home with brand‑new kitchens and updated bathrooms; Finished walk‑up attic adds extra flexible living space for a home office or recreation area; Attractive wood flooring on the main living levels
