Bridgeport Two-Family Home For
For Sale
$399,000
Pending
44-46 Grenelle, Bridgeport, CT 06606
Two-family home in Bridgeport needing extensive work, sold as-is.
Property Size2,400 SF
Days on Market165
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Property Features for 44-46 Grenelle
General Information
Standard status
Pending
Size
2,400 SF
Property subtype
2 Family
Building Details
Year Built
1919
Listing Agency:
Keller Williams Realty
(203) 429-4020
Listed By:
Kim Tromba · License #RES.0805598
(203) 550-6039
Source:
Lockandkeyre
Added: May 4
Changed: Oct 15
Last Checked: Oct 15 at 12:39AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This two-family home, situated in a desirable Bridgeport location, presents a significant investment opportunity. The property requires extensive renovations and is being sold in as-is condition. It is being sold together with the adjacent lot. This offering is particularly suited for investors, contractors, or developers seeking a value-add project. The sale is subject to probate approval. Due diligence is the responsibility of the buyers. The property will not qualify for conventional mortgage and is a cash only purchase. The bike score is 43, indicating it is somewhat bikeable. The walk score is 63, indicating it is somewhat walkable. The transit score is 36, indicating some transit options are available.
Key Highlights
- Excellent investment potential in a desirable Bridgeport location.
- Two‑family home offering value‑add opportunity.
- Being sold as a package with adjacent lot 34 Grenelle (MLS# 24171641).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,102
Cap Rate
7.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$622,040
$622.0K
Cap Rate 7%
$444,314
$444.3K
Cap Rate 9%
$345,578
$345.6K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$47.5K $19.80/SF
− Vacancy
−$3.1K −$1.29/SF
EGI
$44.4K $18.51/SF
− OpEx
−$13.3K −$5.55/SF
NOI
$31.1K $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%
$622,040
Cap Rate 7%
$444,314
Cap Rate 9%
$345,578
Alternative Uses
Best Use
Multifamily LT 5
$444.3K
$388.8K – $518.4K
NOI $31,102 @ 7.0% cap · market cap 7.79%
Second Best
Apartment 5plus
$403.3K
$352.9K – $470.5K
NOI $28,231 @ 7.0% cap · market cap 7.08%
Theoretical Best
Office A
$685.0K
$599.4K – $799.2K
NOI $47,951 @ 7.0% cap · market cap 12.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
917
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
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
Frequently Asked Questions
What type of property is this?
Duplex - Two-family home in Bridgeport needing extensive work, sold as-is.
Where is this duplex located?
The property is located at 44-46 Grenelle Bridgeport, CT.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Excellent investment potential in a desirable Bridgeport location.; Two‑family home offering value‑add opportunity.; Being sold as a package with adjacent lot 34 Grenelle (MLS# 24171641).
