Two-Unit
For Sale
$450,000
49 Perth Street, Bridgeport, CT 06606
Vacant lower-level residence pairs with a rented upper unit featuring three bedrooms and two full bathrooms.
Property Size1,822 SF
Price / SF$246.98
Days on Market8
Property Features for 49 Perth Street
General Information
Standard status
Active
Size
1,822 SF
Property subtype
2 Family
Building Details
Year Built
1927
Listing Agency:
CLS Group
Listed By:
Tania Pinzon
(860) 268-8882
Source:
Lockandkeyre
Added: Sep 20
Changed: Sep 26
Last Checked: Sep 26 at 9:12AM
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 CLS Group
Investment Insights
Based on property information with market context.
Built in 1927, this 1,822-square-foot duplex contains two residential units. The first-floor residence is vacant and requires renovation, allowing a new owner to customize the space. The upper unit is occupied and includes three bedrooms and two full bathrooms; it is currently rented below market value.
The property is located at 49 Perth Street in Bridgeport, Connecticut. Its two-unit configuration supports an owner-occupant arrangement with a separate rented residence, or continued use as a residential income property. The existing vacancy and renovation needs provide a defined path for updating the lower unit while maintaining occupancy upstairs.
The property is located at 49 Perth Street in Bridgeport, Connecticut. Its two-unit configuration supports an owner-occupant arrangement with a separate rented residence, or continued use as a residential income property. The existing vacancy and renovation needs provide a defined path for updating the lower unit while maintaining occupancy upstairs.
Key Highlights
- Two‑unit duplex with 1,822 square feet
- Built in 1927
- Vacant first‑floor unit requires renovation
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
$23,611
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
5.25%
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%
$472,220
$472.2K
Cap Rate 7%
$337,300
$337.3K
Cap Rate 9%
$262,344
$262.3K
Market Conditions
NOI Build-Up for 1,822 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
$36.1K $19.80/SF
− Vacancy
−$2.3K −$1.29/SF
EGI
$33.7K $18.51/SF
− OpEx
−$10.1K −$5.55/SF
NOI
$23.6K $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%
$472,220
Cap Rate 7%
$337,300
Cap Rate 9%
$262,344
Alternative Uses
Best Use
Multifamily LT 5
$337.3K
$295.1K – $393.5K
NOI $23,611 @ 7.0% cap · market cap 5.25%
Second Best
Apartment 5plus
$306.2K
$267.9K – $357.2K
NOI $21,432 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$520.0K
$455.0K – $606.7K
NOI $36,403 @ 7.0% cap · market cap 8.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,461
Businesses Nearby
Explore this area
Business Placement
Demographics for 06606, CT
48,427
Population
19,002
Households
2.5
Avg Household Size
36
Median Age
23%
College-Educated
82%
High-School Grad
5.3 sq mi
ZIP Area
9,137
Density / Sq Mi
$68,538
Median Household Income
$35,128
Median Earnings
$1,434
Median Rent
$272,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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 - Vacant lower-level residence pairs with a rented upper unit featuring three bedrooms and two full bathrooms.
Where is this duplex located?
The property is located at 49 Perth Street Bridgeport, CT.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,822 square feet; Built in 1927; Vacant first‑floor unit requires renovation
