Two-Family Residence with Basement
520 William Street Bridgeport, CT 06608
For Sale
$520,000
Pending
Two separate units feature hardwood floors, three full baths, and a finished third level for added flexibility.
Property Size2,525 SF
Days on Market52
Property Features for 520 William Street
General Information
- Standard status
- Pending
- Size
- 2,525 SF
- Property subtype
- 2 Family
Building Details
- Year Built
- 1889
Listing Agency:
BHGRE Gaetano Marra Homes
(646) 938-4879
Listed By:
Yasmina Delacruz-Bailey · License #RES.0802521
(646) 938-4879
Source:
Lockandkeyre
Added: Jun 5
Changed: Jul 10
Last Checked: Jul 26 at 11:40AM
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 BHGRE Gaetano Marra Homes
Investment Insights
Based on property information with market context.
This well-maintained two-family residence offers two separate living spaces with classic interior character. Both units are described as having hardwood floors and spacious kitchens, along with three full baths total. The first-floor unit includes generous living and dining areas and direct access to the basement. The second-floor unit has access to a finished third level that provides additional living space, storage, and a kitchenette area.
The home includes a large unfinished basement that can support substantial storage and utility needs, with future possibilities noted in the marketing description. Exterior features include a covered front porch, vinyl fencing, a paved driveway, a detached garage, and low-maintenance yard space.
This property is a practical fit for an owner-occupant looking for flexibility, including multi-generational living, or for an investor evaluating a residential income asset. Off-street parking and garage space support tenant convenience, while proximity to East Main Street shopping, restaurants, neighborhood parks, public transportation, and major commuter routes can help reduce daily commute friction for residents. Minutes to downtown Bridgeport and key destinations including the train station, Steelpointe Harbor, Seaside Park, and Bridgeport Hospital.
The home includes a large unfinished basement that can support substantial storage and utility needs, with future possibilities noted in the marketing description. Exterior features include a covered front porch, vinyl fencing, a paved driveway, a detached garage, and low-maintenance yard space.
This property is a practical fit for an owner-occupant looking for flexibility, including multi-generational living, or for an investor evaluating a residential income asset. Off-street parking and garage space support tenant convenience, while proximity to East Main Street shopping, restaurants, neighborhood parks, public transportation, and major commuter routes can help reduce daily commute friction for residents. Minutes to downtown Bridgeport and key destinations including the train station, Steelpointe Harbor, Seaside Park, and Bridgeport Hospital.
Key Highlights
- Two‑family home built in 1889 with separate living spaces and original architectural details, including decorative fireplaces, wood trim, and a turret‑style exterior
- Hardwood floors and spacious kitchens in both units, plus three full baths total
- Second‑floor unit includes access to a finished third level with additional living space, storage, and a kitchenette area
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 | $50.0k | $19.80 |
| − Vacancy | −$3.2k | −$1.29 |
| EGI | $46.7k | $18.51 |
| − OpEx | −$14.0k | −$5.55 |
| NOI | $32.7k | $12.96 |
2,525 SF · lease $19.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$467.5K
$409.0K – $545.4K
NOI $32,722 @ 7.0% cap · market cap 6.29%
Second Best
Apartment 5plus
$424.3K
$371.3K – $495.0K
NOI $29,701 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$720.7K
$630.6K – $840.8K
NOI $50,448 @ 7.0% cap · market cap 9.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two separate units feature hardwood floors, three full baths, and a finished third level for added flexibility.
Where is this duplex located?
The property is located at 520 William Street Bridgeport, CT.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: Two‑family home built in 1889 with separate living spaces and original architectural details, including decorative fireplaces, wood trim, and a turret‑style exterior; Hardwood floors and spacious kitchens in both units, plus three full baths total; Second‑floor unit includes access to a finished third level with additional living space, storage, and a kitchenette area
