Two-Family
For Sale
$375,000
Pending
697-701 Pearl Harbor, Bridgeport, CT 06610
A flexible residential building with a legally recognized two-family configuration and potential for conversion to single-family use.
Property Size1,942 SF
Days on Market9
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Property Features for 697-701 Pearl Harbor
General Information
Standard status
Pending
Size
1,942 SF
Property subtype
2 Family
Lease Term
Listing ID: 24212754, Standard Status: Active Under Contract, MLS Status: Under Contract - Continue to Show, Property Subtype: 2 Family, 7 days on market
Property Condition
Severity
Repairs Needed
Evidence
in need of everything
Additional Details
Multifamily Units
2
Building Details
Building Size
1,942 SF
Year Built
1942
Listing Agency:
Century 21 AllPoints Realty
(203) 378-0210
Listed By:
Karin Stocknoff · License #RES.0035300
(203) 209-2468
Source:
Iverty
Added: Oct 7
Changed: Oct 15
Last Checked: Oct 14 at 11:37PM
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 Century 21 AllPoints Realty
Investment Insights
Based on property information with market context.
Built in 1942, this duplex is legally configured for two-family use. The property is being sold as-is and requires substantial work. Its existing layout may also be reworked for single-family occupancy.
Key Highlights
- Legal two‑family configuration
- Built in 1942
- Sold as‑is; substantial work required
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,167
Cap Rate
6.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$503,340
$503.3K
Cap Rate 7%
$359,529
$359.5K
Cap Rate 9%
$279,633
$279.6K
Market Conditions
NOI Build-Up for 1,942 SF
Gross rent
$38.5K $19.80/SF
− Vacancy
−$2.5K −$1.29/SF
EGI
$36.0K $18.51/SF
− OpEx
−$10.8K −$5.55/SF
NOI
$25.2K $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%
$503,340
Cap Rate 7%
$359,529
Cap Rate 9%
$279,633
Alternative Uses
Best Use
Multifamily LT 5
$359.5K
$314.6K – $419.5K
NOI $25,167 @ 7.0% cap · market cap 6.71%
Second Best
Apartment 5plus
$326.3K
$285.5K – $380.7K
NOI $22,843 @ 7.0% cap · market cap 6.09%
Theoretical Best
Office A
$554.3K
$485.0K – $646.7K
NOI $38,800 @ 7.0% cap · market cap 10.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
224
Businesses Nearby
Explore this area
Business Placement
Demographics for 06610, CT
23,347
Population
9,292
Households
2.5
Avg Household Size
39
Median Age
17%
College-Educated
78%
High-School Grad
3.1 sq mi
ZIP Area
7,531
Density / Sq Mi
$50,836
Median Household Income
$36,698
Median Earnings
$1,364
Median Rent
$224,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A flexible residential building with a legally recognized two-family configuration and potential for conversion to single-family use.
Where is this duplex located?
The property is located at 697-701 Pearl Harbor Bridgeport, CT.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Legal two‑family configuration; Built in 1942; Sold as‑is; substantial work required
