Updated Two-Family
66-68 Alexander Drive Bridgeport, CT 06606
For Sale
$499,999
Two-family property with private driveways, separate backyards, and multiple recent mechanical and appliance updates.
Property Size1,590 SF
Price / SF$314.46
Days on Market65
Property Features for 66-68 Alexander Drive
General Information
- Standard status
- Active
- Size
- 1,590 SF
- Property subtype
- 2 Family
Building Details
- Year Built
- 1942
Listing Agency:
Coldwell Banker Realty
(475) 342-3345
Listed By:
Brandon Gannon
(475) 342-3345
Source:
Lockandkeyre
Added: May 20
Changed: Jul 23
Last Checked: Jul 23 at 5:44PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This well-maintained two-family duplex includes two units, each with its own private driveway, separate backyard space, and dedicated basement storage area. Recent updates highlighted in the property information include new furnaces in both units, new hot water heaters, new appliances throughout, and new washer and dryer sets in both units. Unit 68 has been extensively updated with new flooring and a renovated kitchen.
The property is located near schools, shopping, restaurants, public transportation, and major commuter routes, providing convenient access to daily needs.
As a residential income asset, the layout supports two separate living spaces within one building, with individual outdoor and storage areas for each unit.
The property is located near schools, shopping, restaurants, public transportation, and major commuter routes, providing convenient access to daily needs.
As a residential income asset, the layout supports two separate living spaces within one building, with individual outdoor and storage areas for each unit.
Key Highlights
- 1942‑built 2‑family property with private driveways, separate backyards, and dedicated basement storage for each unit
- Recent updates include new furnaces in both units and new hot water heaters
- Appliance upgrades throughout, including new washer/dryer sets in both units
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 | $31.5k | $19.80 |
| − Vacancy | −$2.0k | −$1.29 |
| EGI | $29.4k | $18.51 |
| − OpEx | −$8.8k | −$5.55 |
| NOI | $20.6k | $12.96 |
1,590 SF · lease $19.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$294.4K
$257.6K – $343.4K
NOI $20,605 @ 7.0% cap · market cap 4.12%
Second Best
Apartment 5plus
$267.2K
$233.8K – $311.7K
NOI $18,703 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$453.8K
$397.1K – $529.5K
NOI $31,767 @ 7.0% cap · market cap 6.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-family property with private driveways, separate backyards, and multiple recent mechanical and appliance updates.
Where is this duplex located?
The property is located at 66-68 Alexander Drive Bridgeport, CT.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: 1942‑built 2‑family property with private driveways, separate backyards, and dedicated basement storage for each unit; Recent updates include new furnaces in both units and new hot water heaters; Appliance upgrades throughout, including new washer/dryer sets in both units
