Updated Duplex with Finished
For Sale
$639,000
750 William Street, Bridgeport, CT 06608
Two leased units include renovated kitchens and bathrooms, with additional finished space above and below grade.
Property Size4,075 SF
Price / SF$156.81
Days on Market196
Property Features for 750 William Street
General Information
Standard status
Active
Size
4,075 SF
Property subtype
Multi-Family / 2 Family
Zoning
RC
Occupancy
100%
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,655
Amenities
Yes
Hot Air
16
Walk-up
Hook-Up In Unit 1, Hook-Up In Unit 2
Not Applicable
Building Details
Year Built
1897
Buildings
1
Listing Agency:
Eagle Eye Realty PLLC
(860) 263-9102
Listed By:
Manny R Mateo · License #RES.0807128
(860) 263-9102
Source:
Compass
Added: Feb 16
Changed: Aug 30
Last Checked: Aug 30 at 4:55PM
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 Eagle Eye Realty PLLC
Investment Insights
Based on property information with market context.
This two-family property contains 4,075 square feet and was built in 1897. The interior has been comprehensively updated with renovated kitchens and bathrooms, newer hot-water heaters, and a roof installed in 2025. Both units are currently rented, while the finished attic and basement provide additional storage, recreation, or living space.
Located in Bridgeport, the property offers access to Route 8, Route 25, and the Merritt Parkway. Its two-unit layout supports either continued rental use or an owner-occupancy arrangement, and the property is offered as-is. Zoning is RC.
Located in Bridgeport, the property offers access to Route 8, Route 25, and the Merritt Parkway. Its two-unit layout supports either continued rental use or an owner-occupancy arrangement, and the property is offered as-is. Zoning is RC.
Key Highlights
- Two‑family property with 4,075 square feet
- Both units are currently rented
- Renovated kitchens and bathrooms in both units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$52,808
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.26%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,056,160
$1.1M
Cap Rate 7%
$754,400
$754.4K
Cap Rate 9%
$586,756
$586.8K
Market Conditions
NOI Build-Up for 4,075 SF
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.
Gross rent
$80.7K $19.80/SF
− Vacancy
−$5.2K −$1.29/SF
EGI
$75.4K $18.51/SF
− OpEx
−$22.6K −$5.55/SF
NOI
$52.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,056,160
Cap Rate 7%
$754,400
Cap Rate 9%
$586,756
Alternative Uses
Best Use
Multifamily LT 5
$754.4K
$660.1K – $880.1K
NOI $52,808 @ 7.0% cap · market cap 8.26%
Second Best
Apartment 5plus
$684.8K
$599.2K – $798.9K
NOI $47,933 @ 7.0% cap · market cap 7.50%
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,417 @ 7.0% cap · market cap 12.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,418
Businesses Nearby
Explore this area
Business Placement
Demographics for 06608, CT
14,312
Population
4,915
Households
2.9
Avg Household Size
33
Median Age
7%
College-Educated
67%
High-School Grad
1.0 sq mi
ZIP Area
14,312
Density / Sq Mi
$43,008
Median Household Income
$30,524
Median Earnings
$1,311
Median Rent
$222,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two leased units include renovated kitchens and bathrooms, with additional finished space above and below grade.
Where is this duplex located?
The property is located at 750 William Street Bridgeport, CT.
What is the asking price?
The asking price for this property is $639,000.
What are key features of this property?
This property features: Two‑family property with 4,075 square feet; Both units are currently rented; Renovated kitchens and bathrooms in both units
