2-Unit Duplex with Detached
For Sale
$559,900
503-505 Lincoln Avenue, Bridgeport, CT 06606
One apartment occupies a single level, while the other spans the second and third floors.
Property Size2,789 SF
Lot Size0.10 Acres
Price / SF$200.75
Days on Market57
Property Features for 503-505 Lincoln Avenue
General Information
Standard status
Active
Size
2,789 SF
Total Parking Spaces
4
Lot size
0.10 Acres
Property subtype
Multi Family Home
Zoning
RB
Site & Location
Neighborhood
Brooklawn / St Vincents
Highway Access
Yes
Units
Unit Mix
1 x 2BR/1BA, 1 x 3-4BR/1BA
Multifamily Units
2
Amenities
Sidewalk
Gutters
Lighting
Building Details
Building Size
2,789 SF
Year Built
1941
Units
2
Listing Agency:
Re/Max Right Choice
(203) 268-1118
Listed By:
Paul Ferreira · License #RES.0756087
(203) 209-8111
Source:
Dancombsre
Added: Aug 29
Changed: Oct 23
Last Checked: Oct 23 at 3:56PM
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 Re/Max Right Choice
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This legal two-family property has 12 rooms, 5–6 bedrooms and 2 bathrooms. The first apartment offers 5 rooms, 2 bedrooms and 1 bathroom; the upper apartment spans two floors and includes 7 rooms, 3–4 bedrooms and 1 bathroom. The building contains 4,302 square feet in total, including 2,789 square feet of living area and 893 square feet of basement space. A detached two-car garage is also on site. Built in 1941, the property sits on a 4,343-square-foot lot and is zoned RB.
Located in Bridgeport’s North End, the property is 0.5 miles from major shopping and restaurants, 0.8 miles from I-95 and 2.9 miles from Bridgeport train station. St. Vincent’s Hospital is 1.1 miles away. The property is being sold as-is, and the units cannot be shown; their condition is unknown.
Located in Bridgeport’s North End, the property is 0.5 miles from major shopping and restaurants, 0.8 miles from I-95 and 2.9 miles from Bridgeport train station. St. Vincent’s Hospital is 1.1 miles away. The property is being sold as-is, and the units cannot be shown; their condition is unknown.
Key Highlights
- Legal two‑family property with 5–6 bedrooms and 2 bathrooms
- 4,302 square feet total, including 2,789 square feet of living area and 893 square feet of basement space
- Two‑car detached garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,143
Cap Rate
6.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$722,860
$722.9K
Cap Rate 7%
$516,329
$516.3K
Cap Rate 9%
$401,589
$401.6K
Market Conditions
NOI Build-Up for 2,789 SF
Gross rent
$55.2K $19.80/SF
− Vacancy
−$3.6K −$1.29/SF
EGI
$51.6K $18.51/SF
− OpEx
−$15.5K −$5.55/SF
NOI
$36.1K $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%
$722,860
Cap Rate 7%
$516,329
Cap Rate 9%
$401,589
Alternative Uses
Best Use
Multifamily LT 5
$516.3K
$451.8K – $602.4K
NOI $36,143 @ 7.0% cap · market cap 6.46%
Second Best
Apartment 5plus
$468.7K
$410.1K – $546.8K
NOI $32,806 @ 7.0% cap · market cap 5.86%
Theoretical Best
Office A
$796.0K
$696.5K – $928.7K
NOI $55,723 @ 7.0% cap · market cap 9.95%
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
1,500
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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View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - One apartment occupies a single level, while the other spans the second and third floors.
Where is this duplex located?
The property is located at 503-505 Lincoln Avenue Bridgeport, CT.
What is the asking price?
The asking price for this property is $559,900.
What are key features of this property?
This property features: Legal two‑family property with 5–6 bedrooms and 2 bathrooms; 4,302 square feet total, including 2,789 square feet of living area and 893 square feet of basement space; Two‑car detached garage
