179 4th St · Bridgeport, CT 06607

$290,000

4 bd · 2.0 ba · 1,680 sqft · MultiFamily public records · 59 Days on market

Built 1919 3,920 sqft lot Est $420k · 31% under

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Why this score? — see what drove the A- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +29.4/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• 1% rule +8.5/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks

2 FAMILY WITH ATTIC, GAS FURNACES, 2 BEDROOMS. OFF STREET PARKING. LARGE REAR YARD. 203K OR CASH SALE. PERFECT FOR REHAB OR FLIP. NICE PROJECT FOR THE HANDYMAN OR MAKE IT YOUR PERSONAL HOME. QUIET AREA. RENT OUT UPPER UNIT AND LIVE IN OTHER UNIT. SUBJECT TO PROBATE COURT APPROVAL. PRICED TO SELL. 2 FAMILY WITH ATTIC, GAS FURNACES, 2 BEDROOMS. OFF STREET PARKING. LARGE REAR YARD. 203K OR CASH SALE. PERFECT FOR REHAB OR FLIP. NICE PROJECT FOR THE HANDYMAN OR MAKE IT YOUR PERSONAL HOME. QUIET AREA. RENT OUT UPPER UNIT AND LIVE IN OTHER UNIT. SUBJECT TO PROBATE COURT APPROVAL. PRICED TO SELL.

Key facts

• Attic
• Off street parking
• Large rear yard

Tags

• ATTIC
• GAS FURNACES
• OFF STREET PARKING
• LARGE REAR YARD
• QUIET AREA

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/1.0-bath units multifamily listed at $290k.

Deal economics

• At list price, monthly cash flow is $1k ($12k/yr) — positive. Per door: $514/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $290k).
• Recommended offer: $281k (3.0% below list) — sets the bar for market timing.
• Cap rate 10.5% vs local median 5.0% in Bridgeport — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 81/100 on livability (#15 in CT, #1,374 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, health & safety A+; Watch: crime C-, employment D+, schools D-.
• Bridgeport School District (urban): math 9% / reading 19% proficiency, ranked #151 of 153 in CT (top 99%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 97% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 33 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 852 units permitted in Greater Bridgeport Planning Region in 2024 (698 in 5+ unit buildings).
• At $3,904/mo this rent would consume 94% of the median local household income ($50k/yr) (locally 534% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $31k of equity ($2k loan paydown + $29k appreciation (10.0% local appreciation)).
• At projected returns (10.0% appreciation + 3.0% rent growth), your $81k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$50k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 59 days — a 3% lower offer ($281k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 21y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $51k; list at $290k implies a 469% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1919 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 54% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $281,300 (3.0% below list)

Questions for the listing agent

1. It's been on market 59 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1919 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.35% ✓
• Cap rate: 10.54%
• Cash-on-cash: 15.18%
• DSCR: 1.68
• GRM: 6.2

CMA / ARV

• ARV (on-the-fly): $420,000
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
49 Bunnell St	0.17mi	4/2.0	1,617 (-4%)	5mo	$405,000	$250	81
851 Central Ave	0.22mi	5/2.0 (+1)	1,872 (+11%)	18mo	$385,000	$206	51
113 Clarence St	0.73mi	4/2.0	1,502 (-11%)	10mo	$390,000	$260	40
109 Elizabeth St	0.74mi	4/2.0	1,902 (+13%)	20mo	$345,000	$181	27

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 35.5%
• Equity multiple: 3.75×
• Total profit: $223,451
• Equity at exit: $261,255

10-year hold

• IRR: 30.6%
• Equity multiple: 8.47×
• Total profit: $606,764
• Equity at exit: $563,406

Cash invested: $81,200 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 27 Tenant-Leaning
• State Connecticut: 27 Tenant-Leaning · D+7
• County: — inherits STATE
• City: — inherits STATE

Strong tenant statutes; rent commissions in some towns; courts slow especially in cities.

Methodology + full state rankings →

ZIP-level market 06607

• Home prices YoY: 4.7%
• Active inventory: 33
• Price-to-rent: 12.4×

Monthly cashflow live

• Estimated rent: $3,904 high
• Mortgage (P&I): −$1,521
• Tax from tax record: −$415 /mo · $4,985/yr
• Insurance: −$121
• HOA: −$0
• Vacancy / Maint / Mgmt: −$820
• Net cashflow: $1,027

Break-even live

Break-even rent $2,604

Max offer price $290,000

Occupancy floor 69%

Sensitivity live

Price	-10% $1,191	-5% $1,109	+0% $1,027	+5% $945	+10% $863
Rent	-10% $719	-5% $873	+0% $1,027	+5% $1,181	+10% $1,336
Rate	-1.0pp $1,173	-0.5pp $1,101	base $1,027	+0.5pp $952	+1.0pp $876

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$3,904
Total (2 units)			$3,904

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $72,500
• Closing costs: $8,700
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
166 6th St Bridgeport, CT	3.0	1.0	1100	$2,300	$2.09	20d	1	0.12mi
62 Clifford St Bridgeport, CT	3.0	1.5	1134	$2,500	$2.20	24d	1	0.25mi
136 Sherman St Unit 142 Bridgeport, CT	4.0	1.5	2116	$2,800	$1.32	3d	1	0.34mi
324 Union Ave Bridgeport, CT	3.0	1.0	1200	$2,000	$1.67	44d	1	0.40mi
481 Hollister Ave Unit 2nd Bridgeport, CT	3.0	1.0	1250	$2,000	$1.60	24d	1	0.41mi
458 Hollister Ave Unit 2nd Bridgeport, CT	3.0	1.0	1100	$1,899	$1.73	44d	1	0.44mi
415 Logan St Unit 2nd Floor Bridgeport, CT	3.0	1.0	1500	$2,000	$1.33	44d	1	0.47mi
153 Hollister Ave Bridgeport, CT	3.0	1.0	1350	$1,900	$1.41	4d	1	0.54mi
272 Davenport St Unit 2 Bridgeport, CT	4.0	1.0	1066	$2,200	$2.06	15d	1	0.59mi
272 Davenport St Unit 2 Bridgeport, CT	4.0	1.0	1066	$2,200	$2.06	24d	1	0.59mi
507 E Main St Bridgeport, CT	3.0	1.0	1120	$2,198	$1.96	44d	1	0.60mi
505 E Main St Bridgeport, CT	3.0	1.0	1120	$2,199	$1.96	44d	1	0.60mi
511 E Main St Bridgeport, CT	3.0	1.0	1100	$2,300	$2.09	44d	1	0.60mi
588 E Main St Unit C Bridgeport, CT	3.0	1.0	1400	$2,475	$1.77	15d	1	0.60mi
704 Maple St #704 Bridgeport, CT	3.0	1.5	1948	$2,700	$1.39	24d	1	0.63mi
982 Pembroke St Unit 2L Bridgeport, CT	4.0	1.0	2043	$2,475	$1.21	4d	1	0.66mi
55 E Main St Bridgeport, CT	3.0	1.0–3.0	1115	$9,085	$8.14	3d	189	0.67mi
152 DeKalb Ave Bridgeport, CT	3.0	1.0	1200	$3,200	$2.67	4d	1	0.69mi
45-51 Cowles St Unit 45 Bridgeport, CT	3.0	1.0	1200	$2,600	$2.17	15d	1	0.70mi
45-51 Cowles St Unit 45 Bridgeport, CT	3.0	1.0	1200	$2,400	$2.00	4d	1	0.70mi
45-51 Cowles St Unit 45 Bridgeport, CT	3.0	1.0	1200	$2,550	$2.12	22d	1	0.70mi
530 Jane St Unit 2B Bridgeport, CT	3.0	2.0	2217	$3,400	$1.53	44d	1	0.75mi
75 Judson Pl Bridgeport, CT	3.0	1.5	1384	$2,850	$2.06	15d	1	0.76mi
292 Ridgefield Ave Unit 2 Bridgeport, CT	4.0	1.0	1792	$2,650	$1.48	44d	1	0.81mi
292 Ridgefield Ave Unit 3 Bridgeport, CT	3.0	1.0	1792	$2,450	$1.37	44d	1	0.81mi
53 Pixlee Pl Unit 2nd Bridgeport, CT	3.0	1.0	1475	$2,195	$1.49	4d	1	0.81mi
333 Ridgefield Ave Bridgeport, CT	3.0	1.0	1400	$2,250	$1.61	4d	1	0.84mi
335 Ridgefield Ave Bridgeport, CT	3.0	1.0	1400	$2,250	$1.61	4d	1	0.84mi
1325 Pembroke St Unit 2nd Floor Bridgeport, CT	3.0	1.0	1600	$3,500	$2.19	44d	1	0.93mi
279 Harriet St Bridgeport, CT	3.0	1.5	1392	$3,000	$2.16	24d	1	0.99mi
407 East Ave Bridgeport, CT	5.0	1.0	1720	$3,250	$1.89	3d	1	1.00mi
479 Putnam St Unit 3R Bridgeport, CT	5.0	2.0	2000	$2,350	$1.18	20d	1	1.08mi
144 Palisade Ave Bridgeport, CT	3.0	1.0	1096	$2,600	$2.37	44d	1	1.08mi
587 Brooks St Unit !st floor Bridgeport, CT	3.0	2.0	1500	$2,400	$1.60	44d	1	1.10mi
413 Main St Bridgeport, CT	3.0	1.0	1120	$2,292	$2.05	44d	1	1.11mi
438 Park St Unit 1 Bridgeport, CT	3.0	1.0	1196	$2,900	$2.42	4d	1	1.13mi
672 Brooks St Bridgeport, CT	4.0	1.0	1232	$3,300	$2.68	15d	1	1.15mi
690 William St Unit 2 Bridgeport, CT	3.0	1.0	1746	$2,200	$1.26	24d	1	1.23mi
545 Park St Bridgeport, CT	3.0	1.0	1176	$2,050	$1.74	44d	1	1.23mi
64 Velvet St Bridgeport, CT	3.0	1.0	1430	$2,500	$1.75	12d	1	1.27mi

Listing history 24 events

1. 2026-01-30
   status Under Contract
2. 2025-11-29
   listed $290,000 Active
3. 2022-01-10
   historical
4. 2021-12-01
   price $275,000
5. 2021-04-14
   listed $325,000 Active
6. 2018-08-09
   historical
7. 2017-08-08
   listed $160,000 Active
8. 2017-01-31
   historical
9. 2016-06-22
   historical
10. 2016-06-20
    listed $100,000
11. 2015-12-29
    listed $140,000
12. 2014-10-30
    historical
13. 2014-06-30
    listed $120,000
14. 2014-06-23
    historical
15. 2014-03-24
    listed $118,000
16. 2011-08-04
    soldstatus $51,000
17. 2011-07-28
    soldstatus $51,000
18. 2011-02-11
    listed $55,000
19. 2005-12-02
    soldstatus $219,000
20. 2005-11-30
    soldstatus $219,000
21. 2005-10-03
    listed $219,000
22. 2005-09-25
    historical
23. 2005-05-18
    listed $219,000
24. 1997-04-16
    soldstatus $40,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast CT · Partial reset (capped growth)

• Current annual tax: $4,985 · $415/mo
• Projected year-2 tax: $5,596 · $466/mo
• Expected delta: +$610/yr (+$51/mo · 12.2%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥97°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 54% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $46,848
• − Mortgage interest: −$16,245
• − Property taxes: −$4,985
• − Insurance: −$1,450
• − Repairs & maintenance: −$3,748
• − Management: −$3,748
• − Depreciation: −$8,436
• Taxable income: $8,236
• Est. tax owed @ 24.0%: −$1,977
• After-tax cash flow: $10,349/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Bridgeport School District
• NCES district ID: 0900450
• Math proficiency: 9% ▼ -7.00%
• Reading proficiency: 19% ▼ -10.00%
• Median HH income: $41,507
• Composite: 12.09/100
• National rank: #9656
• State rank: #151 of 153 in CT

Livability — Bridgeport

• Score: 81/100
• State rank: #15
• US rank: #1374

Category grades

Amenities A+ Commute A+ Cost of living B+ Crime C- Employment D+ Housing A Health & safety A+ User ratings D

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bridgeport, CT
• County: Fairfield County · 765,532 people
• City population: 149,153
• Metro: Bridgeport-Stamford-Norwalk, CT
• Population (ZIP): 7,979
• Household income: $50,000
• Rent vs Own: 59.7% rent · 40.3% own
• Severe rent burden: 534.0

Population outlook (Greater Bridgeport County) Hauer SSP2

• By 2040: 365,581

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.58)
• Race & ethnicity: Hispanic / Latino 57% Black 31% Two or more races 19% Asian 6% White 3%
• Hispanic origin (detail): Mexican 2% Puerto Rican 32% Cuban 4% Dominican 4%
• Common ancestry: Estonian 1% Russian 1%
• Foreign-born: 25% · Canada, Vietnam, Jamaica
• Languages at home: 52% English-only · Spanish 42% Other Asian/Pacific 2% Other Indo-European 2%

Political lean MEDSL · Greater Bridgeport

• 2024 margin: Strong D (+23.3) · D 60.9% · R 37.6% · Other 1.5%
• All cycles: 2024: D+23.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 26.05%
• Current HPI: 584.8108
• Rent YoY: —
• Metro: Bridgeport-Stamford-Norwalk, CT
• State GDP YoY: ▲ 1.06%
• F500 in state: 38

Industry mix (Fortune 500 HQ in CT)

Industry	F500 HQs	Revenue
▸Industrial Machinery	4	$38B
▸Insurance	3	$71B
▸Financial Services	2	$25B
▸Transportation / Logistics	2	$18B
▸Healthcare	1	$247B
▸Telecommunications	1	$55B

Price history

+625.0% since first listed

24 events — show timeline

• 2026-01-30 Pending — Smart MLS
• 2025-11-29 Listed $290,000 Smart MLS
• 2022-01-10 Listing Removed — Smart MLS
• 2021-12-01 Price Changed $275,000 Smart MLS
• 2021-04-14 Listed $325,000 Smart MLS
• 2018-08-09 Listing Removed — Smart MLS
• 2017-08-08 Listed $160,000 Smart MLS
• 2017-01-31 Listing Removed — Smart MLS
• 2016-06-22 Listing Removed — Smart MLS
• 2016-06-20 Listed $100,000 Smart MLS
• 2015-12-29 Listed $140,000 Smart MLS
• 2014-10-30 Listing Removed — Smart MLS
• 2014-06-30 Listed $120,000 Smart MLS
• 2014-06-23 Listing Removed — Smart MLS
• 2014-03-24 Listed $118,000 Smart MLS
• 2011-08-04 Sold (Public Records) $51,000 Public Records
• 2011-07-28 Sold (MLS) $51,000 Smart MLS
• 2011-02-11 Listed $55,000 Smart MLS
• 2005-12-02 Sold (Public Records) $219,000 Public Records
• 2005-11-30 Sold (MLS) $219,000 Smart MLS
• 2005-10-03 Listed $219,000 Smart MLS
• 2005-09-25 Listing Removed — Smart MLS
• 2005-05-18 Listed $219,000 Smart MLS
• 1997-04-16 Sold (Public Records) $40,000 Public Records

Property tax history

-0.3%/yr

Latest (2023): $4,985 · +0.0% YoY. Source: county tax records.