Two-Unit Residential Income
56 Elizabeth Street Bridgeport, CT 06610
56 Elizabeth Street, Bridgeport, CT, 06610
$550,000
For Sale
$550,000
Two-family property with both units occupied, offering in-unit heating and basement laundry access plus a detached two-car garage.
Property Size2,588 SF
Price / SF$212.52
Days on Market51
Property Features for 56 Elizabeth Street
General Information
- Standard status
- Active
- Size
- 2,588 SF
- Property subtype
- 2 Family
Building Details
- Year Built
- 1917
Listing agency
BHGRE Gaetano Marra Homes
(646) 938-4879
Listed by
Yasmina Delacruz-Bailey · License #RES.0802521
(646) 938-4879
Source
Lockandkeyre
Added: Jun 3 Updated: Jul 21 at 5:28AM Checked: Jul 22 at 5:06AM
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 two-unit residential income property includes a first-floor and second-floor apartment, with both units currently occupied. The first-floor unit has two bedrooms and one full bathroom, gas forced-air heat, central air conditioning, an oil-fired water heater, and basement laundry access. The second-floor unit offers two bedrooms and one full bathroom with electric heat and an electric water heater, plus additional living or storage space with access to a finished attic. The property also features a detached two-car garage.
The home was described as well-maintained, with a newer roof included as a recent improvement. The location is convenient to shopping, restaurants, schools, parks, and public transportation, and is noted as being just minutes from Downtown Bridgeport, Bridgeport Hospital, and the East Side commercial corridor.
Overall, the building is configured as a two-family with updated roofing and established in-place occupancy.
The home was described as well-maintained, with a newer roof included as a recent improvement. The location is convenient to shopping, restaurants, schools, parks, and public transportation, and is noted as being just minutes from Downtown Bridgeport, Bridgeport Hospital, and the East Side commercial corridor.
Overall, the building is configured as a two-family with updated roofing and established in-place occupancy.
Key Highlights
- 1917‑built 2‑family with both units currently occupied
- 1st‑floor unit: 2 bed, 1 full bath; gas forced‑air heat; central air; oil‑fired water heater; basement laundry access
- 2nd‑floor unit: 2 bed, 1 full bath; electric heat; electric water heater; access to a finished attic
Local Financial Insights For Apartment 5plus
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 | $58.4k | $22.56 |
| − Vacancy | −$3.0k | −$1.17 |
| EGI | $55.3k | $21.39 |
| − OpEx | −$24.9k | −$9.62 |
| NOI | $30.4k | $11.76 |
2,588 SF · lease $22.56/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$434.9K
$380.5K – $507.4K
NOI $30,442 @ 7.0% cap · market cap 5.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$738.7K
$646.3K – $861.8K
NOI $51,707 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Multifamily properties
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - Two-family property with both units occupied, offering in-unit heating and basement laundry access plus a detached two-car garage.
Where is this multifamily property located?
The property is located at 56 Elizabeth Street Bridgeport, CT.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 1917‑built 2‑family with both units currently occupied; 1st‑floor unit: 2 bed, 1 full bath; gas forced‑air heat; central air; oil‑fired water heater; basement laundry access; 2nd‑floor unit: 2 bed, 1 full bath; electric heat; electric water heater; access to a finished attic
