Two-Unit Residential Income
664-666 Iranistan Avenue Bridgeport, CT 06604
664-666 Iranistan Avenue, Bridgeport, CT, 06604
$575,000
For Sale
$575,000
Two 2-bedroom, 1-bath units with hardwood floors plus a finished attic are offered for sale, AS-IS.
Property Size3,635 SF
Price / SF$158.18
Days on Market86
Property Features for 664-666 Iranistan Avenue
General Information
- Standard status
- Active
- Size
- 3,635 SF
- Property subtype
- 2 Family
Building Details
- Year Built
- 1900
Listing agency
US Asset Realty
(203) 545-5090
Listed by
Angela Nieto
(203) 545-5090
Source
Lockandkeyre
Added: Apr 28 Updated: Jul 21 at 6:52AM Checked: Jul 21 at 6:52AM
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 US Asset Realty
Investment Insights
Based on property information with market context.
This two-unit residential income property features two spacious units, each with 2 bedrooms and 1 full bathroom, with hardwood floors throughout. A finished attic provides additional living space. The property is being sold AS-IS.
The property is conveniently located near schools, major highways, and public transportation.
Each unit offers a straightforward, live-and-rent configuration with the same 2-bedroom, 1-bath layout, supported by the shared interior finishes described in the offering.
The property is conveniently located near schools, major highways, and public transportation.
Each unit offers a straightforward, live-and-rent configuration with the same 2-bedroom, 1-bath layout, supported by the shared interior finishes described in the offering.
Key Highlights
- Two‑family home built in 1900 with two separate units
- Each unit offers 2 bedrooms and 1 full bathroom
- Hardwood floors run throughout both units
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 | $72.0k | $19.80 |
| − Vacancy | −$4.7k | −$1.29 |
| EGI | $67.3k | $18.51 |
| − OpEx | −$20.2k | −$5.55 |
| NOI | $47.1k | $12.96 |
3,635 SF · lease $19.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$672.9K
$588.8K – $785.1K
NOI $47,106 @ 7.0% cap · market cap 8.19%
Second Best
Apartment 5plus
$610.8K
$534.5K – $712.6K
NOI $42,758 @ 7.0% cap · market cap 7.44%
Theoretical Best
Office A
$1.04M
$907.8K – $1.21M
NOI $72,626 @ 7.0% cap · market cap 12.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two 2-bedroom, 1-bath units with hardwood floors plus a finished attic are offered for sale, AS-IS.
Where is this duplex located?
The property is located at 664-666 Iranistan Avenue Bridgeport, CT.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Two‑family home built in 1900 with two separate units; Each unit offers 2 bedrooms and 1 full bathroom; Hardwood floors run throughout both units
