Updated Duplex with Detached
New
For Sale
$539,000
95-97 Englewood Ave, Bridgeport, CT 06606
Two residential units feature hardwood flooring, refreshed finishes, and flexible finished attic space.
Property Size2,442 SF
Days on Market4
Property Features for 95-97 Englewood Ave
General Information
Standard status
Active
Size
2,442 SF
Total Parking Spaces
2
Property subtype
Multi Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Road Access
Yes
Building Details
Building Size
2,442 SF
Year Built
1940
Buildings
1
Listing Agency:
Keller Williams Realty
(203) 803-0932
Listed By:
Emiliano Navarro · License #RES.0787327
(203) 803-0932
Source:
Elliman
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 10 at 8:02AM
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
Investment Insights
Based on property information with market context.
This two-family property contains two apartments, each arranged with 2 bedrooms, 1 full bath, and hardwood flooring. The first-floor residence includes quartz counters, newer cabinetry, appliances, and a renovated bathroom. Upstairs, a finished and heated walk-up attic adds adaptable space for an office, playroom, or living area. A detached two-car garage provides additional utility.
Built in 1940, the home also has a newer second-floor furnace, a young roof, newer mechanical systems, and updated bathrooms. The property is located at 95-97 Englewood Ave in Bridgeport’s North End, on a cul-de-sac near shopping, restaurants, parks, Sacred Heart University, St. Vincent’s Medical Center, and major commuter routes. WalkScore is 78, BikeScore is 52, and TransitScore is 37.
Built in 1940, the home also has a newer second-floor furnace, a young roof, newer mechanical systems, and updated bathrooms. The property is located at 95-97 Englewood Ave in Bridgeport’s North End, on a cul-de-sac near shopping, restaurants, parks, Sacred Heart University, St. Vincent’s Medical Center, and major commuter routes. WalkScore is 78, BikeScore is 52, and TransitScore is 37.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 full bath
- Finished, heated walk‑up attic serves the second‑floor unit
- First‑floor apartment includes quartz countertops, newer cabinetry, appliances, and a renovated bathroom
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
$31,646
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
5.87%
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%
$632,920
$632.9K
Cap Rate 7%
$452,086
$452.1K
Cap Rate 9%
$351,622
$351.6K
Market Conditions
NOI Build-Up for 2,442 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
$48.4K $19.80/SF
− Vacancy
−$3.1K −$1.29/SF
EGI
$45.2K $18.51/SF
− OpEx
−$13.6K −$5.55/SF
NOI
$31.6K $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%
$632,920
Cap Rate 7%
$452,086
Cap Rate 9%
$351,622
Alternative Uses
Best Use
Multifamily LT 5
$452.1K
$395.6K – $527.4K
NOI $31,646 @ 7.0% cap · market cap 5.87%
Second Best
Apartment 5plus
$410.4K
$359.1K – $478.8K
NOI $28,725 @ 7.0% cap · market cap 5.33%
Theoretical Best
Office A
$697.0K
$609.9K – $813.2K
NOI $48,790 @ 7.0% cap · market cap 9.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
924
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 residential units feature hardwood flooring, refreshed finishes, and flexible finished attic space.
Where is this duplex located?
The property is located at 95-97 Englewood Ave Bridgeport, CT.
What is the asking price?
The asking price for this property is $539,000.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 full bath; Finished, heated walk‑up attic serves the second‑floor unit; First‑floor apartment includes quartz countertops, newer cabinetry, appliances, and a renovated bathroom
