Two-Family Duplex With Newer
For Sale
$450,000
703-705 Connecticut Avenue, Bridgeport, CT 06607
Two residential units offer a mix of first-floor and upper-level living space.
Property Size2,822 SF
Price / SF$160.71
Days on Market34
Property Features for 703-705 Connecticut Avenue
General Information
Standard status
Active
Size
2,822 SF
Property subtype
2 Family
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA, 1 x 4BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,135
Building Details
Building Size
2,822 SF
Year Built
1908
Buildings
1
Listing Agency:
RE/MAX Right Choice
Listed By:
Jaquan Jones · License #RES.0807642
(203) 568-5727
Source:
Higginsgroup
Added: Sep 2
Changed: Oct 3
Last Checked: Oct 4 at 4:49PM
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 RE/MAX Right Choice
Investment Insights
Based on property information with market context.
Built in 1908, this two-family property provides approximately 2,800 square feet across a three-level configuration. The first floor includes two bedrooms and one full bathroom, while the combined second- and third-floor residence contains four bedrooms and one full bathroom. A newer roof adds a recent building improvement, and the property is being sold as-is.
The home is located minutes from I-95, with access to shopping, schools, public transportation, downtown Bridgeport, Metro-North rail service, and Greater Bridgeport Transit bus routes. Its Connecticut Avenue location also provides access to commuter routes serving New York City and Fairfield County.
The home is located minutes from I-95, with access to shopping, schools, public transportation, downtown Bridgeport, Metro-North rail service, and Greater Bridgeport Transit bus routes. Its Connecticut Avenue location also provides access to commuter routes serving New York City and Fairfield County.
Key Highlights
- Approximately 2,800 square feet of living space
- Two‑family layout with 6 bedrooms and 2 full bathrooms
- First floor includes 2 bedrooms and 1 full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,285
Cap Rate
8.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$725,700
$725.7K
Cap Rate 7%
$518,357
$518.4K
Cap Rate 9%
$403,167
$403.2K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$55.4K $19.80/SF
− Vacancy
−$3.6K −$1.29/SF
EGI
$51.8K $18.51/SF
− OpEx
−$15.6K −$5.55/SF
NOI
$36.3K $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%
$725,700
Cap Rate 7%
$518,357
Cap Rate 9%
$403,167
Alternative Uses
Best Use
Multifamily LT 5
$518.4K
$453.6K – $604.8K
NOI $36,285 @ 7.0% cap · market cap 8.06%
Second Best
Apartment 5plus
$470.5K
$411.7K – $548.9K
NOI $32,936 @ 7.0% cap · market cap 7.32%
Theoretical Best
Office A
$799.2K
$699.3K – $932.4K
NOI $55,943 @ 7.0% cap · market cap 12.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,723
Businesses Nearby
Explore this area
Business Placement
Demographics for 06607, CT
8,690
Population
2,696
Households
3.2
Avg Household Size
33
Median Age
7%
College-Educated
75%
High-School Grad
1.2 sq mi
ZIP Area
7,242
Density / Sq Mi
$49,555
Median Household Income
$32,000
Median Earnings
$1,398
Median Rent
$218,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer a mix of first-floor and upper-level living space.
Where is this duplex located?
The property is located at 703-705 Connecticut Avenue Bridgeport, CT.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Approximately 2,800 square feet of living space; Two‑family layout with 6 bedrooms and 2 full bathrooms; First floor includes 2 bedrooms and 1 full bathroom
