Two-Family Residential Income
94-96 Locust Street Bridgeport, CT 06610
For Sale
$509,900
Solid two-family duplex with a newer boiler and oil tank, updated kitchen in one unit, and a detached garage.
Property Size2,028 SF
Price / SF$251.43
Days on Market9
Property Features for 94-96 Locust Street
General Information
- Standard status
- Active
- Size
- 2,028 SF
- Property subtype
- 2 Family
Building Details
- Year Built
- 1942
Listing Agency:
Coldwell Banker Realty
(203) 873-8854
Listed By:
Sasha McLeain · License #452508574
(203) 873-8854
Source:
Iverty
Added: Jul 15
Changed: Jul 22
Last Checked: Jul 23 at 5:13AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This two-family residential income duplex is described as being in solid condition with no major renovations required. Reported improvements include a newer boiler and oil tank, along with an updated kitchen in one of the units. The property also includes a detached garage.
Located in Bridgeport and positioned for convenience to nearby shopping, dining, parks, public transportation, and major commuter routes.
Located in Bridgeport and positioned for convenience to nearby shopping, dining, parks, public transportation, and major commuter routes.
Key Highlights
- Two‑family duplex built in 1942 in a Bridgeport neighborhood
- Newer boiler and oil tank
- Updated kitchen in one unit
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.2k | $19.80 |
| − Vacancy | −$2.6k | −$1.29 |
| EGI | $37.5k | $18.51 |
| − OpEx | −$11.3k | −$5.55 |
| NOI | $26.3k | $12.96 |
2,028 SF · lease $19.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$375.4K
$328.5K – $438.0K
NOI $26,281 @ 7.0% cap · market cap 5.15%
Second Best
Apartment 5plus
$340.8K
$298.2K – $397.6K
NOI $23,855 @ 7.0% cap · market cap 4.68%
Theoretical Best
Office A
$578.8K
$506.5K – $675.3K
NOI $40,518 @ 7.0% cap · market cap 7.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Solid two-family duplex with a newer boiler and oil tank, updated kitchen in one unit, and a detached garage.
Where is this duplex located?
The property is located at 94-96 Locust Street Bridgeport, CT.
What is the asking price?
The asking price for this property is $509,900.
What are key features of this property?
This property features: Two‑family duplex built in 1942 in a Bridgeport neighborhood; Newer boiler and oil tank; Updated kitchen in one unit
