2-Unit Duplex with Two-Car
New
For Sale
$689,900
57-59 Fairview Ave, Bridgeport, CT 06606
Each floor includes three bedrooms, a kitchen, and a living room, with hardwood flooring throughout.
Property Size2,962 SF
Days on Market4
Property Features for 57-59 Fairview Ave
General Information
Standard status
Active
Size
2,962 SF
Total Parking Spaces
2
Property subtype
Multi Family
Additional Details
Road Access
Yes
Multifamily Units
2
Amenities
hardwood floors
Building Details
Building Size
2,962 SF
Year Built
1957
Buildings
1
Listing Agency:
eRealty Advisors, Inc.
Listed By:
Andrea Garcia · License #RES.0801882
(203) 690-8895
Source:
Elliman
Added: Sep 24
Changed: Sep 26
Last Checked: Sep 26 at 11:30AM
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 duplex at 57-59 Fairview Ave in Bridgeport has two floors, each configured with three bedrooms, a kitchen, and a large living room. Hardwood flooring runs throughout. A two-car garage provides vehicle and storage space, and the property occupies a corner lot.
The attic contains two additional bedrooms and another bathroom. The roof is approximately 5 years old. Built in 1957, the property has a two-family configuration with a total of six bedrooms across the two floors, plus the attic rooms.
The attic contains two additional bedrooms and another bathroom. The roof is approximately 5 years old. Built in 1957, the property has a two-family configuration with a total of six bedrooms across the two floors, plus the attic rooms.
Key Highlights
- Two‑family duplex with three bedrooms on each floor
- Two‑car garage on a corner lot
- Attic includes two additional bedrooms and an extra bathroom
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
$38,385
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
5.56%
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%
$767,700
$767.7K
Cap Rate 7%
$548,357
$548.4K
Cap Rate 9%
$426,500
$426.5K
Market Conditions
NOI Build-Up for 2,962 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
$58.6K $19.80/SF
− Vacancy
−$3.8K −$1.29/SF
EGI
$54.8K $18.51/SF
− OpEx
−$16.5K −$5.55/SF
NOI
$38.4K $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 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%
$767,700
Cap Rate 7%
$548,357
Cap Rate 9%
$426,500
Alternative Uses
Best Use
Multifamily LT 5
$548.4K
$479.8K – $639.8K
NOI $38,385 @ 7.0% cap · market cap 5.56%
Second Best
Apartment 5plus
$497.7K
$435.5K – $580.7K
NOI $34,841 @ 7.0% cap · market cap 5.05%
Theoretical Best
Office A
$845.4K
$739.7K – $986.3K
NOI $59,179 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,428
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
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 - Each floor includes three bedrooms, a kitchen, and a living room, with hardwood flooring throughout.
Where is this duplex located?
The property is located at 57-59 Fairview Ave Bridgeport, CT.
What is the asking price?
The asking price for this property is $689,900.
What are key features of this property?
This property features: Two‑family duplex with three bedrooms on each floor; Two‑car garage on a corner lot; Attic includes two additional bedrooms and an extra bathroom
