Two-Family Home with Finished
616 Noble Avenue Bridgeport, CT 06608
For Sale
$599,900
Pending
Well-maintained two-family with renovated kitchens, hardwood floors, in-unit washer/dryer, and a finished attic adding flexible space.
Property Size3,568 SF
Lot Size0.12 Acres
Days on Market52
Property Features for 616 Noble Avenue
General Information
- Standard status
- Pending
- Size
- 3,568 SF
- Lot size
- 0.12 Acres
- Property subtype
- 2 Family
Building Details
- Year Built
- 1890
Listing Agency:
Premier Properties of CT
(413) 507-8334
Listed By:
Joel Rosario
(413) 507-8334
Source:
Lockandkeyre
Added: Jun 5
Changed: Jul 10
Last Checked: Jul 26 at 9:12AM
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 Premier Properties of CT
Investment Insights
Based on property information with market context.
This well-maintained two-family home offers updated interiors and flexible living space. The finished attic includes two rooms and one bathroom, creating additional useable area. Both units feature renovated kitchens with all-new appliances, hardwood floors throughout, and fresh paint on all three floors. Each unit is also equipped with an in-unit washer/dryer. Exterior improvements include a brand-new paved driveway and a cleaned-out garage, with a spacious lot to support day-to-day use.
Located on the East Side of Bridgeport, Connecticut, the property’s configuration supports a straightforward two-unit setup while also allowing for further review of an additional-unit possibility. The finished attic is already present, and there is stated potential to convert to a third unit, pending verification with the municipality.
For buyers or investors seeking a turnkey residential income property, the combination of in-unit laundry, hardwood flooring, and renovated kitchen appointments helps reduce near-term operational friction. The attic provides extra interior space for current use as part of the existing layout, with any future third-unit concept dependent on municipal approval.
Located on the East Side of Bridgeport, Connecticut, the property’s configuration supports a straightforward two-unit setup while also allowing for further review of an additional-unit possibility. The finished attic is already present, and there is stated potential to convert to a third unit, pending verification with the municipality.
For buyers or investors seeking a turnkey residential income property, the combination of in-unit laundry, hardwood flooring, and renovated kitchen appointments helps reduce near-term operational friction. The attic provides extra interior space for current use as part of the existing layout, with any future third-unit concept dependent on municipal approval.
Key Highlights
- 1890‑built, well‑maintained 2‑family home with 3,568 sq. ft. of living space
- Finished attic adds extra living space with 2 rooms and 1 bathroom
- Potential for 3rd unit conversion—verify with the municipality
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 | $80.5k | $22.56 |
| − Vacancy | −$4.2k | −$1.17 |
| EGI | $76.3k | $21.39 |
| − OpEx | −$34.3k | −$9.62 |
| NOI | $42.0k | $11.76 |
3,568 SF · lease $22.56/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$599.6K
$524.6K – $699.5K
NOI $41,970 @ 7.0% cap · market cap 7.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.02M
$891.1K – $1.19M
NOI $71,287 @ 7.0% cap · market cap 11.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Multifamily properties
FAQs
What type of property is this?
Multifamily property - Well-maintained two-family with renovated kitchens, hardwood floors, in-unit washer/dryer, and a finished attic adding flexible space.
Where is this multifamily property located?
The property is located at 616 Noble Avenue Bridgeport, CT.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 1890‑built, well‑maintained 2‑family home with 3,568 sq. ft. of living space; Finished attic adds extra living space with 2 rooms and 1 bathroom; Potential for 3rd unit conversion—verify with the municipality
