Renovated Duplex Income
550 Laurel Avenue Bridgeport, CT 06605
550 Laurel Avenue, Bridgeport, CT, 06605
$689,000
For Sale
$689,000
Well-maintained duplex with renovated kitchens and bathrooms, refinished floors, updated windows, and a resurfaced parking area for 2–3 vehicles.
Property Size3,569 SF
Price / SF$193.05
Days on Market17
Property Features for 550 Laurel Avenue
General Information
- Standard status
- Active
- Size
- 3,569 SF
- Property subtype
- Multi-Family / 2 Family
Building Details
- Year Built
- 1907
Listing agency
eRealty Advisors, Inc.
(646) 715-7821
Listed by
Sonia C Zumba Zumba · License #RES.0827829
(646) 715-7821
Source
Compass
Added: Jul 5 Updated: Jul 21 at 2:08PM Checked: Jul 21 at 2:08PM
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 eRealty Advisors, Inc.
Investment Insights
Based on property information with market context.
This well-maintained duplex presents an income-producing residential layout with numerous improvements completed between 2023 and 2024. Interior updates include completely renovated bathrooms, updated kitchens, refinished floors, and many updated windows. The exterior includes a recently resurfaced parking area with space for 2 to 3 vehicles.
The property is conveniently located near shopping, restaurants, schools, parks, public transportation, and major highways, supporting day-to-day accessibility for tenants and visitors.
The property is being sold As is.
The property is conveniently located near shopping, restaurants, schools, parks, public transportation, and major highways, supporting day-to-day accessibility for tenants and visitors.
The property is being sold As is.
Key Highlights
- Well‑maintained duplex (built 1907) with numerous improvements completed between 2023 and 2024
- Renovated kitchens and completely renovated bathrooms
- Refinished floors and updated windows throughout
Local 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 | $70.7k | $19.80 |
| − Vacancy | −$4.6k | −$1.29 |
| EGI | $66.1k | $18.51 |
| − OpEx | −$19.8k | −$5.55 |
| NOI | $46.3k | $12.96 |
3,569 SF · lease $19.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$660.7K
$578.1K – $770.9K
NOI $46,251 @ 7.0% cap · market cap 6.71%
Second Best
Apartment 5plus
$599.7K
$524.8K – $699.7K
NOI $41,981 @ 7.0% cap · market cap 6.09%
Theoretical Best
Office A
$1.02M
$891.3K – $1.19M
NOI $71,307 @ 7.0% cap · market cap 10.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Well-maintained duplex with renovated kitchens and bathrooms, refinished floors, updated windows, and a resurfaced parking area for 2–3 vehicles.
Where is this duplex located?
The property is located at 550 Laurel Avenue Bridgeport, CT.
What is the asking price?
The asking price for this property is $689,000.
What are key features of this property?
This property features: Well‑maintained duplex (built 1907) with numerous improvements completed between 2023 and 2024; Renovated kitchens and completely renovated bathrooms; Refinished floors and updated windows throughout
