Remodeled Two-Family
For Sale
$575,000
Pending
464-466 Wilmot, Bridgeport, CT 06607
Turnkey remodeled two-family with a finished upper level and off-street parking.
Property Size3,328 SF
Days on Market132
Property Features for 464-466 Wilmot
General Information
Standard status
Pending
Size
3,328 SF
Property subtype
2 Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1917
Listing Agency:
Coote & Burwell Realty,LLC
(203) 449-2580
Listed By:
Komica Coote-Burwell · License #REB.0791601
Source:
Lockandkeyre
Added: Jun 4
Changed: Oct 11
Last Checked: Oct 12 at 6:58PM
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 Coote & Burwell Realty,LLC
Investment Insights
Based on property information with market context.
This remodeled oversized two-family duplex offers a practical, move-in-ready setup with a finished upper story designed for added functional space. The property is presented as turnkey and includes off-street parking, which can be a meaningful benefit for tenants and daily convenience.
Located at 464-466 Wilmot Ave in Bridgeport, Connecticut, the home sits in an area that scores as very walkable (Walk Score 72) with some access to transit (Transit Score 41). Bikeability is also noted (Bike Score 56), supporting day-to-day errands without relying solely on a vehicle.
For buyers seeking a manageable residential income asset, this configuration provides two separate dwelling units within a single duplex structure, along with the added appeal of a finished upper level. The combination of remodeling, turnkey presentation, and off-street parking can help reduce near-term upgrades and operating friction. Buyers should review details on unit layout, finish level, and any associated property specifics during their due diligence.
Located at 464-466 Wilmot Ave in Bridgeport, Connecticut, the home sits in an area that scores as very walkable (Walk Score 72) with some access to transit (Transit Score 41). Bikeability is also noted (Bike Score 56), supporting day-to-day errands without relying solely on a vehicle.
For buyers seeking a manageable residential income asset, this configuration provides two separate dwelling units within a single duplex structure, along with the added appeal of a finished upper level. The combination of remodeling, turnkey presentation, and off-street parking can help reduce near-term upgrades and operating friction. Buyers should review details on unit layout, finish level, and any associated property specifics during their due diligence.
Key Highlights
- Remodeled two‑family home built in 1917
- Finished upper level for additional living space
- Off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,128
Cap Rate
7.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$862,560
$862.6K
Cap Rate 7%
$616,114
$616.1K
Cap Rate 9%
$479,200
$479.2K
Market Conditions
NOI Build-Up for 3,328 SF
Gross rent
$65.9K $19.80/SF
− Vacancy
−$4.3K −$1.29/SF
EGI
$61.6K $18.51/SF
− OpEx
−$18.5K −$5.55/SF
NOI
$43.1K $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%
$862,560
Cap Rate 7%
$616,114
Cap Rate 9%
$479,200
Alternative Uses
Best Use
Multifamily LT 5
$616.1K
$539.1K – $718.8K
NOI $43,128 @ 7.0% cap · market cap 7.50%
Second Best
Apartment 5plus
$559.2K
$489.3K – $652.5K
NOI $39,147 @ 7.0% cap · market cap 6.81%
Theoretical Best
Office A
$949.9K
$831.2K – $1.11M
NOI $66,492 @ 7.0% cap · market cap 11.56%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
915
Businesses Nearby
Explore this area
Business Placement
Demographics for 06607, CT
8,690
Population
2,696
Households
3.2
Avg Household Size
33
Median Age
7%
College-Educated
75%
High-School Grad
1.2 sq mi
ZIP Area
7,242
Density / Sq Mi
$49,555
Median Household Income
$32,000
Median Earnings
$1,398
Median Rent
$218,500
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 - Turnkey remodeled two-family with a finished upper level and off-street parking.
Where is this duplex located?
The property is located at 464-466 Wilmot Bridgeport, CT.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Remodeled two‑family home built in 1917; Finished upper level for additional living space; Off‑street parking
