Two-Unit Home with Detached
For Sale
$539,000
95-97 Englewood Avenue, Bridgeport, CT 06606
Two residential units feature hardwood floors, updated bathrooms, and flexible finished attic space.
Property Size2,442 SF
Price / SF$220.72
Days on Market11
Property Features for 95-97 Englewood Avenue
General Information
Standard status
Active
Size
2,442 SF
Property subtype
2 Family
Building Details
Year Built
1940
Listing Agency:
Keller Williams Realty
(203) 803-0932
Listed By:
Emiliano Navarro · License #RES.0787327
(203) 803-0932
Source:
Lockandkeyre
Added: Aug 1
Changed: Aug 11
Last Checked: Aug 11 at 4:34AM
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 2,442 square feet and was built in 1940. Each apartment includes two bedrooms, one full bathroom, and hardwood flooring. The first-floor residence has quartz countertops, newer cabinetry and appliances, plus a renovated bathroom. Upstairs, a finished and heated walk-up attic adds flexible interior space, while a newer furnace serves the second-floor apartment. Additional improvements include a young roof, newer mechanical systems, and updated bathrooms.
The property sits on a quiet cul-de-sac in Bridgeport’s North End, with shopping, restaurants, parks, Sacred Heart University, St. Vincent’s Medical Center, and major commuter routes described as minutes away. A detached two-car garage provides separate parking and storage capacity.
The two-unit configuration supports either owner occupancy or an investment use, as explicitly identified in the property information.
The property sits on a quiet cul-de-sac in Bridgeport’s North End, with shopping, restaurants, parks, Sacred Heart University, St. Vincent’s Medical Center, and major commuter routes described as minutes away. A detached two-car garage provides separate parking and storage capacity.
The two-unit configuration supports either owner occupancy or an investment use, as explicitly identified in the property information.
Key Highlights
- 2,442‑square‑foot duplex built in 1940
- Two units, each with 2 bedrooms and 1 full bath
- Finished, heated walk‑up attic in the second‑floor apartment
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
Current Use
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 floors, updated bathrooms, and flexible finished attic space.
Where is this duplex located?
The property is located at 95-97 Englewood Avenue 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: 2,442‑square‑foot duplex built in 1940; Two units, each with 2 bedrooms and 1 full bath; Finished, heated walk‑up attic in the second‑floor apartment
