Duplex with Finished
For Sale
$600,000
Pending
454 Pembroke Street, Bridgeport, CT 06608
Two residential units offer flexible layouts, private outdoor space, and additional finished living areas below grade.
Property Size2,504 SF
Days on Market221
Property Features for 454 Pembroke Street
General Information
Standard status
Pending
Size
2,504 SF
Property subtype
Multi-Family / 2 Family
Zoning
RC
Taxes and HOA fees
Annual Taxes
$6,037
Amenities
Yes
Baseboard
13
Ceiling Fans
Access Via Hatch
Basement Hook-Up(s)
In finished Lower level
Shed, Porch, Gutters, Lighting
Not Applicable
Building Details
Year Built
1887
Listing Agency:
Larracuente & Johnson Realty, LLC
(203) 913-2844
Listed By:
Lucy Larracuente-Johnson · License #REB.0756556
(203) 913-2844
Source:
Compass
Added: Jan 22
Changed: Aug 30
Last Checked: Aug 30 at 12:59PM
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 Larracuente & Johnson Realty, LLC
Investment Insights
Based on property information with market context.
This 2,504-square-foot duplex, built in 1887, includes two residential units plus a fully finished, heated basement. The first-floor unit has a foyer, living room, formal dining room, eat-in kitchen with pantry and stainless steel appliances, two to three bedrooms, and a full bathroom. The second-floor unit includes a living room, eat-in kitchen with pantry and backsplash, 3.5 bedrooms, and a full bathroom.
The lower level adds a small living room, dining area, one to 2 bedrooms, two closets, a third full bathroom, storage, and three separate exits. Italian marble, porcelain, and ceramic tile are used throughout the basement. Exterior features include a fully fenced yard, private backyard, two sheds, vinyl siding, newer gutters, a front porch with custom stone tile, and recessed lighting across all 3 levels. The property also has three updated 200-amp electrical panels and is zoned RC.
The lower level adds a small living room, dining area, one to 2 bedrooms, two closets, a third full bathroom, storage, and three separate exits. Italian marble, porcelain, and ceramic tile are used throughout the basement. Exterior features include a fully fenced yard, private backyard, two sheds, vinyl siding, newer gutters, a front porch with custom stone tile, and recessed lighting across all 3 levels. The property also has three updated 200-amp electrical panels and is zoned RC.
Key Highlights
- 2,504‑square‑foot duplex on a 0.06‑acre lot
- Fully finished, heated basement with third full bathroom and three separate exits
- First‑floor unit includes two to three bedrooms and flexible dining/living room configuration
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
$32,450
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
5.41%
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%
$649,000
$649.0K
Cap Rate 7%
$463,571
$463.6K
Cap Rate 9%
$360,556
$360.6K
Market Conditions
NOI Build-Up for 2,504 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
$49.6K $19.80/SF
− Vacancy
−$3.2K −$1.29/SF
EGI
$46.4K $18.51/SF
− OpEx
−$13.9K −$5.55/SF
NOI
$32.4K $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%
$649,000
Cap Rate 7%
$463,571
Cap Rate 9%
$360,556
Alternative Uses
Best Use
Multifamily LT 5
$463.6K
$405.6K – $540.8K
NOI $32,450 @ 7.0% cap · market cap 5.41%
Second Best
Apartment 5plus
$420.8K
$368.2K – $490.9K
NOI $29,454 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$714.7K
$625.4K – $833.8K
NOI $50,029 @ 7.0% cap · market cap 8.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,600
Businesses Nearby
Explore this area
Business Placement
Demographics for 06608, CT
14,312
Population
4,915
Households
2.9
Avg Household Size
33
Median Age
7%
College-Educated
67%
High-School Grad
1.0 sq mi
ZIP Area
14,312
Density / Sq Mi
$43,008
Median Household Income
$30,524
Median Earnings
$1,311
Median Rent
$222,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer flexible layouts, private outdoor space, and additional finished living areas below grade.
Where is this duplex located?
The property is located at 454 Pembroke Street Bridgeport, CT.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 2,504‑square‑foot duplex on a 0.06‑acre lot; Fully finished, heated basement with third full bathroom and three separate exits; First‑floor unit includes two to three bedrooms and flexible dining/living room configuration
