Two-Family Duplex on Dead-End
For Sale
$485,000
74-76 Hill St, Bridgeport, CT 06606
Two residential units offer separate kitchens and flexible living and dining arrangements.
Property Size2,438 SF
Days on Market50
Property Features for 74-76 Hill St
General Information
Standard status
Active
Size
2,438 SF
Property subtype
Multi Family
Site & Location
Neighborhood
Enterprise
Building Details
Building Size
2,438 SF
Year Built
1918
Listing Agency:
Carrena Property Mgmt & Realty
Listed By:
Chris Carrena
(203) 258-6995
Source:
Elliman
Added: Sep 11
Changed: Oct 25
Last Checked: Oct 28 at 9:28AM
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 Carrena Property Mgmt & Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains two residential units. The first-floor apartment has 2 bedrooms, 1 full bathroom, a kitchen, and a combined living room and dining room. The second-floor unit includes 2 bedrooms, a kitchen, living room, and dining room; its current arrangement uses the living room as additional bedroom and living space, with the dining room serving as the living room.
The property is positioned on a dead-end street near North Avenue and Boston Avenue. Restaurants, shopping, public transportation, and major highways are identified nearby. Built in 1918, the property may also be considered alongside the neighboring two-family property at 64-66 Hill Street, which is separately available for sale.
The property is positioned on a dead-end street near North Avenue and Boston Avenue. Restaurants, shopping, public transportation, and major highways are identified nearby. Built in 1918, the property may also be considered alongside the neighboring two-family property at 64-66 Hill Street, which is separately available for sale.
Key Highlights
- Two‑family duplex with 2 residential units
- First‑floor unit includes 2 bedrooms and 1 full bathroom
- Second‑floor unit includes 2 bedrooms and flexible living space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,594
Cap Rate
6.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$631,880
$631.9K
Cap Rate 7%
$451,343
$451.3K
Cap Rate 9%
$351,044
$351.0K
Market Conditions
NOI Build-Up for 2,438 SF
Gross rent
$48.3K $19.80/SF
− Vacancy
−$3.1K −$1.29/SF
EGI
$45.1K $18.51/SF
− OpEx
−$13.5K −$5.55/SF
NOI
$31.6K $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%
$631,880
Cap Rate 7%
$451,343
Cap Rate 9%
$351,044
Alternative Uses
Best Use
Multifamily LT 5
$451.3K
$394.9K – $526.6K
NOI $31,594 @ 7.0% cap · market cap 6.51%
Second Best
Apartment 5plus
$409.7K
$358.5K – $478.0K
NOI $28,678 @ 7.0% cap · market cap 5.91%
Theoretical Best
Office A
$695.9K
$608.9K – $811.8K
NOI $48,710 @ 7.0% cap · market cap 10.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
1,169
Businesses Nearby
Explore this area
Business Placement
Demographics for 06606, CT
48,427
Population
19,002
Households
2.5
Avg Household Size
36
Median Age
23%
College-Educated
82%
High-School Grad
5.3 sq mi
ZIP Area
9,137
Density / Sq Mi
$68,538
Median Household Income
$35,128
Median Earnings
$1,434
Median Rent
$272,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer separate kitchens and flexible living and dining arrangements.
Where is this duplex located?
The property is located at 74-76 Hill St Bridgeport, CT.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Two‑family duplex with 2 residential units; First‑floor unit includes 2 bedrooms and 1 full bathroom; Second‑floor unit includes 2 bedrooms and flexible living space
