Two-Family Home with Finished
For Sale
$600,000
Pending
485 Hallett, Bridgeport, CT 06608
Two-family home with a fully finished basement, offered with an adjacent lot as a two-parcel sale.
Property Size1,897 SF
Days on Market98
Property Features for 485 Hallett
General Information
Standard status
Pending
Size
1,897 SF
Property subtype
2 Family
Lease Term
Listing ID: 24194204, Standard Status: Pending, MLS Status: Under Contract, Property Subtype: 2 Family, Off market as of 2026-09-08, 43 days on market
Site & Location
Neighborhood
East Side
Highway Access
Yes
Additional Details
Business Included
No
Multifamily Units
2
Building Details
Building Size
1,897 SF
Year Built
1897
Listing Agency:
mygoodagent
(888) 257-8265
Listed By:
Ariel Edery · License #RES.0818431
(203) 278-0910
Source:
Iverty
Added: Jul 25
Changed: Oct 29
Last Checked: Oct 28 at 7:11AM
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 mygoodagent
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Investment Insights
Based on property information with market context.
This well-maintained two-family home features spacious rooms in both units. A fully finished basement is currently used as an extension of the first-floor unit with an in-law-style setup, and it offers the possibility of conversion to a third unit, subject to required municipal approvals. The sale includes the adjacent lot at 519 Hallett St, making it a two-parcel offering that provides additional value and flexibility for the next owner.
The property is located in Bridgeport’s East End with convenient access to schools, parks, shopping, restaurants, public transportation, and major highways.
For buyers seeking a multi-family residence with on-site flexibility, the current configuration provides two units plus a finished lower level that may be repurposed in the future, subject to local requirements.
The property is located in Bridgeport’s East End with convenient access to schools, parks, shopping, restaurants, public transportation, and major highways.
For buyers seeking a multi-family residence with on-site flexibility, the current configuration provides two units plus a finished lower level that may be repurposed in the future, subject to local requirements.
Key Highlights
- Two‑family home built in 1897 in Bridgeport’s East End
- Offered in a two‑parcel sale with the adjacent lot at 519 Hallett St
- Fully finished basement used as an extension of the first‑floor unit with an in‑law‑style setup
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,791
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$495,820
$495.8K
Cap Rate 7%
$354,157
$354.2K
Cap Rate 9%
$275,456
$275.5K
Market Conditions
NOI Build-Up for 1,913 SF
Gross rent
$37.9K $19.80/SF
− Vacancy
−$2.5K −$1.29/SF
EGI
$35.4K $18.51/SF
− OpEx
−$10.6K −$5.55/SF
NOI
$24.8K $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%
$495,820
Cap Rate 7%
$354,157
Cap Rate 9%
$275,456
Alternative Uses
Best Use
Multifamily LT 5
$354.2K
$309.9K – $413.2K
NOI $24,791 @ 7.0% cap · market cap 4.13%
Second Best
Apartment 5plus
$321.5K
$281.3K – $375.0K
NOI $22,502 @ 7.0% cap · market cap 3.75%
Theoretical Best
Office A
$546.0K
$477.8K – $637.0K
NOI $38,221 @ 7.0% cap · market cap 6.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,784
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
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 with a fully finished basement, offered with an adjacent lot as a two-parcel sale.
Where is this duplex located?
The property is located at 485 Hallett 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: Two‑family home built in 1897 in Bridgeport’s East End; Offered in a two‑parcel sale with the adjacent lot at 519 Hallett St; Fully finished basement used as an extension of the first‑floor unit with an in‑law‑style setup
