Two-Family Property with Finished
For Sale
$485,000
64-66 Hill St, Bridgeport, CT 06606
Two residential units offer established occupancy and additional finished attic space on the upper level.
Property Size2,452 SF
Price / SF$197.80
Days on Market51
Property Features for 64-66 Hill St
General Information
Standard status
Active
Size
2,452 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Enterprise
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Building Details
Year Built
1918
Buildings
1
Listing Agency:
Carrena Property Mgmt & Realty
Listed By:
Chris Carrena (203) 258-6995 (203) 258-6995
(203) 258-6995
Source:
Fairfieldcountycthomesearch
Added: Sep 10
Changed: Oct 25
Last Checked: Oct 28 at 8:48AM
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 Carrena Property Mgmt & Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-family property, built in 1918, includes a first-floor residence with two bedrooms, one full bathroom, a kitchen, and combined living and dining areas. A second legal two-bedroom apartment occupies the upper floor and includes separate living, dining, and kitchen spaces, along with access to a finished third-floor attic currently used for additional bedroom and living space. The first-floor residence has been occupied by the same tenant for over 20 years.
The property is situated on a dead-end street near North Avenue and Boston Avenue. The surrounding area provides access to restaurants, shopping, public transportation, and major highways. Zoning is ILI. The adjoining two-family property at 74-76 Hill Street is also offered for sale and may be acquired with this property as a package.
The property is situated on a dead-end street near North Avenue and Boston Avenue. The surrounding area provides access to restaurants, shopping, public transportation, and major highways. Zoning is ILI. The adjoining two-family property at 74-76 Hill Street is also offered for sale and may be acquired with this property as a package.
Key Highlights
- Two‑family property built in 1918
- First‑floor unit with 2 bedrooms and 1 full bathroom
- Second‑floor legal 2‑bedroom apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,776
Cap Rate
6.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$635,520
$635.5K
Cap Rate 7%
$453,943
$453.9K
Cap Rate 9%
$353,067
$353.1K
Market Conditions
NOI Build-Up for 2,452 SF
Gross rent
$48.5K $19.80/SF
− Vacancy
−$3.2K −$1.29/SF
EGI
$45.4K $18.51/SF
− OpEx
−$13.6K −$5.55/SF
NOI
$31.8K $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 Rate 5%
$635,520
Cap Rate 7%
$453,943
Cap Rate 9%
$353,067
Alternative Uses
Best Use
Multifamily LT 5
$453.9K
$397.2K – $529.6K
NOI $31,776 @ 7.0% cap · market cap 6.55%
Second Best
Apartment 5plus
$412.0K
$360.5K – $480.7K
NOI $28,842 @ 7.0% cap · market cap 5.95%
Theoretical Best
Office A
$699.9K
$612.4K – $816.5K
NOI $48,990 @ 7.0% cap · market cap 10.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,169
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
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer established occupancy and additional finished attic space on the upper level.
Where is this duplex located?
The property is located at 64-66 Hill St Bridgeport, CT.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Two‑family property built in 1918; First‑floor unit with 2 bedrooms and 1 full bathroom; Second‑floor legal 2‑bedroom apartment
