Two-Unit Duplex with
New
For Sale
$689,900
57-59 Fairview Avenue, Bridgeport, CT 06606
Multi-Family For Sale, Units on different Floors, Bridgeport, CT
Property Size2,962 SF
Lot Size0.12 Acres
Price / SF$232.92
Days on Market5
Property Features for 57-59 Fairview Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RA
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 5, Bedroom 6, Bathroom 1, Basement, Bedroom 1
Basement
Full
Lot features
Corner Lot
Elementary school
Per Board of Ed
High school
Per Board of Ed
Directions
Summit to Fairview
Subdivision
North End
Standard status
Active
Size
2,962 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7959
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1957
Architectural style
Other
Listing Agency:
eRealty Advisors, Inc.
(203) 989-3635
Listed By:
Andrea Garcia · License #RES.0801882
(203) 690-8895
Added: Sep 22
Changed: Sep 24
Last Checked: Sep 26 at 3:06PM
MLS# 24209075
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 two-unit duplex contains 2962 square feet with three bedrooms and a kitchen on each floor, along with living areas and hardwood flooring. The attic adds two more bedrooms and an additional bathroom, while a two-car garage provides enclosed parking and storage. The roof is approximately 5 years old. Heating is provided by hot water, and cooling is through window units.
The property occupies a 0.12-acre corner lot at 57-59 Fairview Avenue in Bridgeport, Connecticut. It is served by public water and public sewer and carries RA zoning. Built in 1957, the layout supports separate-floor living arrangements with additional attic space for household use or rental-related flexibility.
The property occupies a 0.12-acre corner lot at 57-59 Fairview Avenue in Bridgeport, Connecticut. It is served by public water and public sewer and carries RA zoning. Built in 1957, the layout supports separate-floor living arrangements with additional attic space for household use or rental-related flexibility.
Key Highlights
- 2962 square feet with three bedrooms on each floor
- Attic includes two additional bedrooms and an extra bathroom
- Two‑car garage for parking and storage
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
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,272
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Corner-lot duplex with separate floor layouts, generous interior space, and attic expansion area.
Where is this duplex located?
The property is located at 57-59 Fairview Avenue 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: 2962 square feet with three bedrooms on each floor; Attic includes two additional bedrooms and an extra bathroom; Two‑car garage for parking and storage
