Two-Family Home with Adjacent
New
For Sale
$650,000
485 Hallett Street, Bridgeport, CT 06608
MULTI_FAMILY - Bridgeport, CT
Property Size1,913 SF
Lot Size0.11 Acres
Price / SF$339.78
Days on Market6
Property Features for 485 Hallett Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RC
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 4, Bedroom 6, Bathroom 3, Bedroom 2, Bedroom 5, Bathroom 1, Bathroom 2, Basement, Bedroom 1
Patio and Porch features
Deck
Exterior features
Covered Deck
Basement
Full
Lot features
Corner Lot, Level Lot
Elementary school
Waltersville
High school
Warren Harding
Directions
GPS Friendly
Subdivision
East Side
Standard status
Active
Size
1,913 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
6801
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1897
Architectural style
Other
Listing Agency:
mygoodagent
(888) 257-8265
Listed By:
Ariel Edery · License #RES.0818431
(203) 278-0910
Added: Jul 25
Changed: Jul 28
Last Checked: Jul 30 at 11:06AM
MLS# 24194204
Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained two-family home at 485 Hallett Street is being sold together with the adjacent lot at 519 Hallett Street, with two parcels included in the sale. The layout provides two separate units, each with spacious rooms and comfortable living space. A fully finished basement is currently being utilized as an extension of the first-floor unit with an in-law-style setup, and it offers the potential to be converted to a third unit, subject to all required municipal approvals.
The property is located in Bridgeport, Connecticut, and the listing describes convenient access to schools, parks, shopping, restaurants, public transportation, and major highways.
Zoning is listed as RC. Buyers are encouraged to perform their own diligence regarding permitted uses and future development opportunities.
The property is located in Bridgeport, Connecticut, and the listing describes convenient access to schools, parks, shopping, restaurants, public transportation, and major highways.
Zoning is listed as RC. Buyers are encouraged to perform their own diligence regarding permitted uses and future development opportunities.
Key Highlights
- Two‑family home built in 1897 in Bridgeport’s East End
- Includes two parcels in the sale: the home and the adjacent lot at 519 Hallett St
- Fully finished basement is currently used as an extension of the first‑floor unit with an in‑law‑style setup
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.9k | $19.80 |
| − Vacancy | −$2.5k | −$1.29 |
| EGI | $35.4k | $18.51 |
| − OpEx | −$10.6k | −$5.55 |
| NOI | $24.8k | $12.96 |
1,913 SF · lease $19.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$354.2K
$309.9K – $413.2K
NOI $24,791 @ 7.0% cap · market cap 3.81%
Second Best
Apartment 5plus
$321.5K
$281.3K – $375.0K
NOI $22,502 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$546.0K
$477.8K – $637.0K
NOI $38,221 @ 7.0% cap · market cap 5.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-family home sold with an adjacent lot, with a fully finished basement currently used as an in-law-style setup.
Where is this duplex located?
The property is located at 485 Hallett Street 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 home built in 1897 in Bridgeport’s East End; Includes two parcels in the sale: the home and the adjacent lot at 519 Hallett St; Fully finished basement is currently used as an extension of the first‑floor unit with an in‑law‑style setup
