651 Iranistan Avenue Bridgeport, CT 06605
MULTI_FAMILY - Bridgeport, CT
Property Features for 651 Iranistan Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RC
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 4, Bathroom 2, Basement, Bedroom 1
- Basement
- Full, Unfinished
- Standard status
- Pending
- Size
- 1,958 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 5663
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1887
- Architectural style
- Other
Listing agent Jithu Sajeevan License #REB.0795779 (860) 801-7630
Listing office Serhant Connecticut, LLC 500 W Putnam Avenue, New York, CT (203) 489-7800
Listing date Jun 22, 2026
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.
The property is located in Bridgeport, Connecticut, on Iranistan Avenue, within zoning designated as RC. The area is described as convenient to shopping, dining, public transportation, parks, schools, and major commuter routes, supporting everyday accessibility for residents.
From a tenant or buyer fit perspective, this configuration can support a variety of occupancy plans, including living in one unit while renting the other. With a renovated first-floor home and reported updates to key systems, the property is positioned for buyers seeking a two-unit residence where day-to-day readiness is a stated priority, while still maintaining the flexibility inherent in a duplex-style income setup.
Key Highlights
- Well‑maintained two‑family home built in 1887 with a practical owner‑occupant or rental setup
- First‑floor unit has been renovated and is move‑in ready with updated finishes throughout
- Major mechanicals updated within the last five years, including newer water heaters
Local Financial Insights For Multifamily LT 5
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 | $38.8k | $19.80 |
| − Vacancy | −$2.5k | −$1.29 |
| EGI | $36.2k | $18.51 |
| − OpEx | −$10.9k | −$5.55 |
| NOI | $25.4k | $12.96 |
