Updated Duplex With Full
For Sale
$650,000
45 Grasso Terrace, Bridgeport, CT 06604
Two residential units offer hardwood floors, refreshed kitchens, contemporary bathrooms, and shared off-street parking.
Property Size2,352 SF
Price / SF$276.36
Days on Market61
Property Features for 45 Grasso Terrace
General Information
Standard status
Active
Size
2,352 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Amenities
laundry hookups
Building Details
Year Built
1965
Buildings
1
Listing Agency:
Compass Connecticut, LLC
Listed By:
Helene Daly · License #RES.0755863
(203) 913-4026
Source:
Homesbyshoshana
Added: Aug 15
Changed: Sep 13
Last Checked: Oct 7 at 2:01PM
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 Compass Connecticut, LLC
Investment Insights
Based on property information with market context.
This two-family property, built in 1965, provides two well-proportioned residences with hardwood flooring and neutral interior finishes. Both units include updated kitchens with light maple cabinetry, newer appliances, integrated microwaves, and dining areas suited to everyday use. Updated full bathrooms add to the practical layout.
A full unfinished basement expands the property’s utility with interior access, laundry hookups, and storage space. Parking includes a shared driveway and additional off-street spaces behind the building, with street parking available for guests. The property is located in Bridgeport’s Brooklawn neighborhood, near Brooklawn Country Club, a bus line, and I-95, and sits close to the Fairfield line.
A full unfinished basement expands the property’s utility with interior access, laundry hookups, and storage space. Parking includes a shared driveway and additional off-street spaces behind the building, with street parking available for guests. The property is located in Bridgeport’s Brooklawn neighborhood, near Brooklawn Country Club, a bus line, and I-95, and sits close to the Fairfield line.
Key Highlights
- Two‑family property with two residential units
- Built in 1965 with hardwood flooring throughout the units
- Updated kitchens with light maple cabinets and newer appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,480
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$609,600
$609.6K
Cap Rate 7%
$435,429
$435.4K
Cap Rate 9%
$338,667
$338.7K
Market Conditions
NOI Build-Up for 2,352 SF
Gross rent
$46.6K $19.80/SF
− Vacancy
−$3.0K −$1.29/SF
EGI
$43.5K $18.51/SF
− OpEx
−$13.1K −$5.55/SF
NOI
$30.5K $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%
$609,600
Cap Rate 7%
$435,429
Cap Rate 9%
$338,667
Alternative Uses
Best Use
Multifamily LT 5
$435.4K
$381.0K – $508.0K
NOI $30,480 @ 7.0% cap · market cap 4.69%
Second Best
Apartment 5plus
$395.2K
$345.8K – $461.1K
NOI $27,666 @ 7.0% cap · market cap 4.26%
Theoretical Best
Office A
$671.3K
$587.4K – $783.2K
NOI $46,992 @ 7.0% cap · market cap 7.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
419
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer hardwood floors, refreshed kitchens, contemporary bathrooms, and shared off-street parking.
Where is this duplex located?
The property is located at 45 Grasso Terrace Bridgeport, CT.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Two‑family property with two residential units; Built in 1965 with hardwood flooring throughout the units; Updated kitchens with light maple cabinets and newer appliances
