Updated Duplex with Detached
For Sale
$645,000
Pending
93 Oxford Street, Bridgeport, CT 06606
Two-family property with finished lower-level space, a private drive, and a large rear yard on a quiet cul-de-sac.
Property Size2,754 SF
Days on Market172
Property Features for 93 Oxford Street
General Information
Standard status
Pending
Size
2,754 SF
Property subtype
Multi-Family / 2 Family
Zoning
RA
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,142
Amenities
hardwood floors
finished basement
oversized backyard
Yes
Hot Water
9
Wall Unit
Access Via Hatch
Basement Hook-Up(s)
BASEMENT
Vinyl, Above Ground Pool
Not Applicable
Building Details
Year Built
1915
Buildings
1
Listing Agency:
Keller Williams Realty Prtnrs.
(203) 895-8057
Listed By:
Jennifer B Dos Santos · License #RES.0803693
(203) 895-8057
Source:
Compass
Added: Mar 13
Changed: Aug 30
Last Checked: Aug 30 at 11:41PM
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 Keller Williams Realty Prtnrs.
Investment Insights
Based on property information with market context.
This two-family residence contains 2,754 square feet and was built in 1915. Both units offer hardwood flooring and strong natural light, while the recently completed basement provides additional living or recreation space and a third full bathroom. The property also includes a two-car detached garage, private driveway, oversized backyard, and above-ground pool.
Located on a quiet cul-de-sac, the home is near shopping, bus lines, and major highways. Sacred Heart University is approximately a 6-minute drive away. Zoning is RA, and the two-unit layout may suit an owner-occupant or investor seeking a multifamily property.
Located on a quiet cul-de-sac, the home is near shopping, bus lines, and major highways. Sacred Heart University is approximately a 6-minute drive away. Zoning is RA, and the two-unit layout may suit an owner-occupant or investor seeking a multifamily property.
Key Highlights
- Two‑family property with 2,754 square feet
- Finished basement adds living or recreation space and a 3rd full bathroom
- Two‑car detached garage, private driveway, and oversized backyard
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
$35,689
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
5.53%
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%
$713,780
$713.8K
Cap Rate 7%
$509,843
$509.8K
Cap Rate 9%
$396,544
$396.5K
Market Conditions
NOI Build-Up for 2,754 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
$54.5K $19.80/SF
− Vacancy
−$3.5K −$1.29/SF
EGI
$51.0K $18.51/SF
− OpEx
−$15.3K −$5.55/SF
NOI
$35.7K $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 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%
$713,780
Cap Rate 7%
$509,843
Cap Rate 9%
$396,544
Alternative Uses
Best Use
Multifamily LT 5
$509.8K
$446.1K – $594.8K
NOI $35,689 @ 7.0% cap · market cap 5.53%
Second Best
Apartment 5plus
$462.8K
$404.9K – $539.9K
NOI $32,395 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$786.1K
$687.8K – $917.1K
NOI $55,024 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
914
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family property with finished lower-level space, a private drive, and a large rear yard on a quiet cul-de-sac.
Where is this duplex located?
The property is located at 93 Oxford Street Bridgeport, CT.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: Two‑family property with 2,754 square feet; Finished basement adds living or recreation space and a 3rd full bathroom; Two‑car detached garage, private driveway, and oversized backyard
