Two-Family Home with New
For Sale
$560,000
78 Fairmount Ave, Bridgeport, CT 06606
Two-family home in great condition with a big backyard.
Property Size1,600 SF
Price / SF$350
Days on Market321
Property Features for 78 Fairmount Ave
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Multi-Family
Building Details
Year Built
1882
Listing Agency:
William Raveis Real Estate
Listed By:
Marta Arroyo · License #RES.0760335
(203) 377-4366
Source:
Themialeteam
Added: Nov 28, 2025
Changed: Sep 16
Last Checked: Oct 5 at 9:08PM
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 William Raveis Real Estate
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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 two-family home is ready for a new owner and is located in a great location. The previous homeowner used the property as a single-family residence. It features new bathrooms, is in great condition, and includes a big backyard and a new roof. The property is being sold as-is.
Key Highlights
- Great location
- Can be used as a single‑family home
- New baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,735
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$414,700
$414.7K
Cap Rate 7%
$296,214
$296.2K
Cap Rate 9%
$230,389
$230.4K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$31.7K $19.80/SF
− Vacancy
−$2.1K −$1.29/SF
EGI
$29.6K $18.51/SF
− OpEx
−$8.9K −$5.55/SF
NOI
$20.7K $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%
$414,700
Cap Rate 7%
$296,214
Cap Rate 9%
$230,389
Alternative Uses
Best Use
Multifamily LT 5
$296.2K
$259.2K – $345.6K
NOI $20,735 @ 7.0% cap · market cap 3.70%
Second Best
Apartment 5plus
$268.9K
$235.3K – $313.7K
NOI $18,820 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$456.7K
$399.6K – $532.8K
NOI $31,967 @ 7.0% cap · market cap 5.71%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,546
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-family home in great condition with a big backyard.
Where is this duplex located?
The property is located at 78 Fairmount Ave Bridgeport, CT.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: Great location; Can be used as a single‑family home; New baths
