Two-Family Duplex with
For Sale
$479,500
Pending
52-54 Clinton Avenue, Bridgeport, CT 06605
Multi-Family For Sale, Units on different Floors, Bridgeport, CT
Property Size3,419 SF
Lot Size0.09 Acres
Days on Market94
Property Features for 52-54 Clinton Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RC
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Basement, Bedroom 2, Bathroom 1, Bedroom 4, Bedroom 5, Bedroom 6, Bedroom 1
Basement
Full
Lot features
Level Lot
Elementary school
PBOE
High school
PBOE
Directions
Use GPS
Subdivision
East Side
Standard status
Pending
Size
3,419 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
6727
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1901
Architectural style
Other
Listing Agency:
Brown Harris Stevens
(203) 655-1418
Listed By:
William Ferguson
(917) 576-2629
Added: May 28
Changed: Aug 27
Last Checked: Aug 29 at 3:06AM
MLS# 24178499
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 3,419-square-foot duplex was built in 1901 and contains two residential units arranged on separate floors. The property includes six bedrooms and two full bathrooms, with additional attic space and a basement. It is offered in as-is condition, while the roof was replaced two years ago and the mechanical systems are described as operational.
The 0.09-acre property is zoned RC and served by public water and public sewer. Heating is provided by hot water, and cooling is through window units. Its two-unit configuration and existing attic area provide the primary physical features of this residential income property.
The 0.09-acre property is zoned RC and served by public water and public sewer. Heating is provided by hot water, and cooling is through window units. Its two-unit configuration and existing attic area provide the primary physical features of this residential income property.
Key Highlights
- Two‑unit duplex with residences on separate floors
- 3,419 square feet on a 0.09‑acre lot
- Six bedrooms and two full bathrooms
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
$40,217
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
8.39%
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%
$804,340
$804.3K
Cap Rate 7%
$574,529
$574.5K
Cap Rate 9%
$446,856
$446.9K
Market Conditions
NOI Build-Up for 3,419 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
$77.1K $22.56/SF
− Vacancy
−$4.0K −$1.17/SF
EGI
$73.1K $21.39/SF
− OpEx
−$32.9K −$9.62/SF
NOI
$40.2K $11.76/SF
Area
Bridgeport, CT
Vacancy
5.20%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
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%
$804,340
Cap Rate 7%
$574,529
Cap Rate 9%
$446,856
Alternative Uses
Best Use
Multifamily LT 5
$633.0K
$553.8K – $738.5K
NOI $44,307 @ 7.0% cap · market cap 9.24%
Second Best
Apartment 5plus
$574.5K
$502.7K – $670.3K
NOI $40,217 @ 7.0% cap · market cap 8.39%
Theoretical Best
Office A
$975.9K
$853.9K – $1.14M
NOI $68,310 @ 7.0% cap · market cap 14.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,302
Businesses Nearby
Explore this area
Business Placement
Demographics for 06605, CT
23,867
Population
10,799
Households
2.2
Avg Household Size
35
Median Age
33%
College-Educated
80%
High-School Grad
2.3 sq mi
ZIP Area
10,377
Density / Sq Mi
$59,673
Median Household Income
$40,276
Median Earnings
$1,423
Median Rent
$273,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Residential income property with separate units, public utilities, hot-water heating, and window-unit cooling.
Where is this duplex located?
The property is located at 52-54 Clinton Avenue Bridgeport, CT.
What is the asking price?
The asking price for this property is $479,500.
What are key features of this property?
This property features: Two‑unit duplex with residences on separate floors; 3,419 square feet on a 0.09‑acre lot; Six bedrooms and two full bathrooms
