Building Details

Building Size 1,652 SF

Year Built 1910

Tenancy Multi

Listing Agency: Ki Property Group

Listed By: Alvaro Tomas Baptista Show Phone

Source: Higginsgroup

Added: Jul 21 Changed: Oct 8 Last Checked: Oct 16 at 3:57PM

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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 Ki Property Group

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Investment Insights

Based on property information with market context.

This fully remodeled two-family property at 75 Commercial St offers two comfortable, updated living spaces. Both units have been renovated from top to bottom with new flooring, updated kitchens featuring brand-new appliances and quartz countertops, and remodeled bathrooms. Major improvements include a new roof, new water heaters, and new furnaces. The layout includes nicely sized bedrooms and spacious living areas with plenty of natural light, along with a nice-sized yard.

The property is described as very walkable with some transit access and a bike score of 52. It is positioned as move-in ready with extensive updates for an owner-occupant or investor seeking a turnkey two-family home.

With comprehensive renovations and recent system replacements across the building, this residence is presented as ready to occupy while supporting ongoing income potential from both units.

Key Highlights

• Fully remodeled two‑family home built in 1910 with two updated units
• Both units feature new flooring, updated kitchens with brand‑new appliances and quartz countertops, and remodeled bathrooms
• Major system upgrades include a new roof, new water heaters, and new furnaces

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,408

Cap Rate

3.57%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$428,160 $428.2K

Cap Rate 7%

$305,829 $305.8K

Cap Rate 9%

$237,867 $237.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,652 SF

Gross rent

$32.7K $19.80/SF

− Vacancy

−$2.1K −$1.29/SF

EGI

$30.6K $18.51/SF

− OpEx

−$9.2K −$5.55/SF

NOI

$21.4K $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%

$428,160

Cap Rate 7%

$305,829

Cap Rate 9%

$237,867

Alternative Uses

Best Use

Multifamily LT 5

$305.8K

$267.6K – $356.8K (±1% cap)

NOI $21,408 @ 7.0% cap · market cap 3.57%

Second Best

Apartment 5plus

$277.6K

$242.9K – $323.9K (±1% cap)

NOI $19,432 @ 7.0% cap · market cap 3.24%

Theoretical Best

Office A

$471.5K

$412.6K – $550.1K (±1% cap)

NOI $33,006 @ 7.0% cap · market cap 5.50%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Gym & Fitness Center Big Box & Wholesale Store Skin Care Clinic Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

1,508

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two renovated units with updated kitchens, remodeled baths, and major systems including roof, water heaters, and furnaces.

Where is this duplex located?

The property is located at 75 Commercial Street Bridgeport, CT.

What is the asking price?

The asking price for this property is $599,990.

What are key features of this property?

This property features: Fully remodeled two‑family home built in 1910 with two updated units; Both units feature new flooring, updated kitchens with brand‑new appliances and quartz countertops, and remodeled bathrooms; Major system upgrades include a new roof, new water heaters, and new furnaces