340 Success Ave Bldg 89, Apt 11 · Bridgeport, CT 06610

$45,000

2 bd · 1.0 ba · 513 sqft · Condo · 149 Days on market

Built 1945 $769/mo HOA

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Why this score? — see what drove the B+ 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming Two-Bedroom Coop Apartment in Affordable Complex: Located on the first floor of a well-maintained, affordable complex, this inviting two-bedroom coop apartment offers both comfort and convenience. The HOA covers essential utilities including hot water, heat, water, taxes, and ground maintenance, making it a hassle-free living experience. Inside, you'll find beautiful hardwood floors throughout, creating a warm and cohesive feel in every room. The spacious living area provides plenty of natural light, perfect for relaxation or entertaining. The updated kitchen is well-equipped, and the newly renovated bathroom adds a modern touch to the space. For added convenience, this apartment features an in-unit washer and dryer, eliminating the need for trips to the laundromat. The hardwood floors have been recently refinished, ensuring that the apartment feels fresh and move-in ready. With all utilities included and a prime location, this apartment is an excellent opportunity for anyone looking for affordable and comfortable living.

Key facts

• First floor
• Updated kitchen
• Utilities included

Tags

• FIRST FLOOR
• HARDWOOD FLOORS
• UPDATED KITCHEN
• NEWLY RENOVATED BATHROOM
• IN-UNIT WASHER AND DRYER
• UTILITIES INCLUDED

🏢 Co-op / cooperative unit. The $45,000 price buys shares in the cooperative corporation, not the real estate itself — so it isn't comparable to a fee-simple sale price, and the cashflow / cap-rate / 1%-rule cards below (which assume you own the property and can rent it out) don't apply here. Expect board approval and a monthly maintenance fee on top of the price.

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $45k.

Deal economics

• At list price, monthly cash flow is $297 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $45k).
• Recommended offer: $40k (12.0% below list) — sets the bar for market timing.
• Cap rate 14.2% 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: 68 active listings in the ZIP; 23 comparable units currently listed for rent nearby; rentals at typical pace (median 20d on market — plan ~3-4 weeks tenant-placement turnaround); 852 units permitted in Greater Bridgeport Planning Region in 2024 (698 in 5+ unit buildings).
• This rent runs 40% of the median local income ($52k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $311 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $13k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 149 days — a 12% lower offer ($40k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 12y 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 $22k; list at $45k implies a 105% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 44% of rent; built in 1945 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 51% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $39,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 149 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1945 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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.
9. 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.
10. 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: 3.87% ✓
• Cap rate: 14.20%
• Cash-on-cash: 28.25%
• DSCR: 2.26
• GRM: 2.2

CMA / ARV

• ARV (median comp): $56,631
• List price: $45,000
• Delta: -20.54%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 23.2%
• Equity multiple: 1.96×
• Total profit: $12,096
• Equity at exit: $6,710

10-year hold

• IRR: 31.5%
• Equity multiple: 3.93×
• Total profit: $36,882
• Equity at exit: $3,891

Cash invested: $12,600 (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 06610

• Home prices YoY: -7.5%
• Active inventory: 68
• Price-to-rent: 2.2×

Monthly cashflow live

• Estimated rent: $1,742 high
• Mortgage (P&I): −$236
• Tax est. 1.5%: −$56 /mo · $675/yr
• Insurance: −$19
• HOA: −$769
• Vacancy / Maint / Mgmt: −$366
• Net cashflow: $297

Break-even live

Break-even rent $1,367

Max offer price $45,000

Occupancy floor 78%

Sensitivity live

Price	-10% $328	-5% $312	+0% $297	+5% $281	+10% $265
Rent	-10% $159	-5% $228	+0% $297	+5% $365	+10% $434
Rate	-1.0pp $319	-0.5pp $308	base $297	+0.5pp $285	+1.0pp $273

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: $11,250
• Closing costs: $1,350
• Reserves months: —
• Total cash needed: —

Rent comps 23 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
250 N Bishop Ave #19 Bridgeport, CT	1.0	1.0	638	$1,650	$2.59	44d	1	0.14mi
250 N Bishop Ave #1 Bridgeport, CT	1.0	1.0	583	$1,650	$2.83	12d	1	0.14mi
250 N Bishop Ave Bridgeport, CT	1.0	1.0	611	$1,425	$2.33	24d	2	0.14mi
235 Henry Ave Unit 12E Stratford, CT	1.0	1.0	692	$1,695	$2.45	11d	1	0.27mi
86 Birdsey St Unit 3R Bridgeport, CT	1.0	1.0	650	$1,350	$2.08	44d	1	0.41mi
192 Peace St Unit 1st floor Stratford, CT	2.0	1.0	712	$2,000	$2.81	44d	1	0.63mi
600 Bond St Unit 112 Bridgeport, CT	1.0	1.0	545	$2,250	$4.13	44d	1	0.64mi
1150 Ogden Street Ext Unit 102 Bridgeport, CT	1.0	1.0	700	$1,425	$2.04	15d	1	0.76mi
556 Hollister St Stratford, CT	1.0–2.0	1.0	725	$2,295	$3.17	12d	4	0.79mi
1525 Central Ave Bridgeport, CT	1.0	1.0	625	$1,550	$2.48	44d	3	0.90mi
231 Goddard Ave Unit 3RD Bridgeport, CT	2.0	1.0	618	$1,700	$2.75	3d	1	1.04mi
1254 Pembroke St Unit 1st Floor Bridgeport, CT	2.0	1.0	738	$1,850	$2.51	15d	1	1.15mi
145 Cowles St Unit B7 Bridgeport, CT	1.0	1.0	600	$1,325	$2.21	3d	1	1.19mi
186 Louisiana Ave Unit D Bridgeport, CT	1.0	1.0	650	$1,700	$2.62	22d	1	1.23mi
647 Union Ave Unit 2 Bridgeport, CT	2.0	1.0	750	$1,675	$2.23	3d	1	1.26mi
1333 E Main St Apt 1 Bridgeport, CT	2.0	1.0	700	$1,700	$2.43	3d	1	1.29mi
1333 E Main St #5 Bridgeport, CT	2.0	1.0	700	$1,650	$2.36	3d	1	1.29mi
154 Virginia Ave Unit B Bridgeport, CT	1.0	1.0	650	$1,800	$2.77	44d	1	1.30mi
498 Sherwood Pl Stratford, CT	3.0	1.0–2.0	984	$2,622	$2.66	22d	5	1.46mi
3699 Broadbridge Ave #101 Stratford, CT	1.0	1.0	680	$1,700	$2.50	24d	1	1.48mi
3699 Broadbridge Ave #101 Stratford, CT	1.0	1.0	680	$1,700	$2.50	44d	1	1.48mi
855 Main St Bridgeport, CT	1.0	1.0	490	$2,380	$4.86	3d	10	1.49mi
855 Main St Bridgeport, CT	1.0	1.0	490	$2,380	$4.86	19d	10	1.49mi

HOA detail condo

• Monthly dues: $769 · $9,228/yr
• Likely covers: water
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 33 events

1. 2026-06-18
   days on market $45,000 Active 149 DOM
2. 2026-06-17
   days on market $45,000 Active 148 DOM
3. 2026-06-16
   days on market $45,000 Active 147 DOM
4. 2026-06-15
   days on market $45,000 Active 146 DOM
5. 2026-06-13
   days on market $45,000 Active 144 DOM
6. 2026-06-13
   days on market $45,000 Active 143 DOM
7. 2026-06-10
   days on market $45,000 Active 141 DOM
8. 2026-06-09
   days on market $45,000 Active 140 DOM
9. 2026-06-08
   days on market $45,000 Active 139 DOM
10. 2026-06-07
    days on market $45,000 Active 138 DOM
11. 2026-06-05
    days on market $45,000 Active 135 DOM
12. 2026-06-03
    days on market $45,000 Active 134 DOM
13. 2026-06-03
    days on market $45,000 Active 133 DOM
14. 2026-06-01
    days on market $45,000 Active 132 DOM
15. 2026-05-31
    days on market $45,000 Active 131 DOM
16. 2026-04-24
    status Active 1049-char remark

    Show marketing remark (1049 chars)

    Charming Two-Bedroom Coop Apartment in Affordable Complex: Located on the first floor of a well-maintained, affordable complex, this inviting two-bedroom coop apartment offers both comfort and convenience. The HOA covers essential utilities including hot water, heat, water, taxes, and ground maintenance, making it a hassle-free living experience. Inside, you'll find beautiful hardwood floors throughout, creating a warm and cohesive feel in every room. The spacious living area provides plenty of natural light, perfect for relaxation or entertaining. The updated kitchen is well-equipped, and the newly renovated bathroom adds a modern touch to the space. For added convenience, this apartment features an in-unit washer and dryer, eliminating the need for trips to the laundromat. The hardwood floors have been recently refinished, ensuring that the apartment feels fresh and move-in ready. With all utilities included and a prime location, this apartment is an excellent opportunity for anyone looking for affordable and comfortable living.

17. 2026-04-01
    status Under Contract 1049-char remark

    Show marketing remark (1049 chars)

    Charming Two-Bedroom Coop Apartment in Affordable Complex: Located on the first floor of a well-maintained, affordable complex, this inviting two-bedroom coop apartment offers both comfort and convenience. The HOA covers essential utilities including hot water, heat, water, taxes, and ground maintenance, making it a hassle-free living experience. Inside, you'll find beautiful hardwood floors throughout, creating a warm and cohesive feel in every room. The spacious living area provides plenty of natural light, perfect for relaxation or entertaining. The updated kitchen is well-equipped, and the newly renovated bathroom adds a modern touch to the space. For added convenience, this apartment features an in-unit washer and dryer, eliminating the need for trips to the laundromat. The hardwood floors have been recently refinished, ensuring that the apartment feels fresh and move-in ready. With all utilities included and a prime location, this apartment is an excellent opportunity for anyone looking for affordable and comfortable living.

18. 2026-03-17
    price $45,000 1049-char remark

    Show marketing remark (1049 chars)

    Charming Two-Bedroom Coop Apartment in Affordable Complex: Located on the first floor of a well-maintained, affordable complex, this inviting two-bedroom coop apartment offers both comfort and convenience. The HOA covers essential utilities including hot water, heat, water, taxes, and ground maintenance, making it a hassle-free living experience. Inside, you'll find beautiful hardwood floors throughout, creating a warm and cohesive feel in every room. The spacious living area provides plenty of natural light, perfect for relaxation or entertaining. The updated kitchen is well-equipped, and the newly renovated bathroom adds a modern touch to the space. For added convenience, this apartment features an in-unit washer and dryer, eliminating the need for trips to the laundromat. The hardwood floors have been recently refinished, ensuring that the apartment feels fresh and move-in ready. With all utilities included and a prime location, this apartment is an excellent opportunity for anyone looking for affordable and comfortable living.

19. 2025-12-29
    price $48,000 1049-char remark

    Show marketing remark (1049 chars)

    Charming Two-Bedroom Coop Apartment in Affordable Complex: Located on the first floor of a well-maintained, affordable complex, this inviting two-bedroom coop apartment offers both comfort and convenience. The HOA covers essential utilities including hot water, heat, water, taxes, and ground maintenance, making it a hassle-free living experience. Inside, you'll find beautiful hardwood floors throughout, creating a warm and cohesive feel in every room. The spacious living area provides plenty of natural light, perfect for relaxation or entertaining. The updated kitchen is well-equipped, and the newly renovated bathroom adds a modern touch to the space. For added convenience, this apartment features an in-unit washer and dryer, eliminating the need for trips to the laundromat. The hardwood floors have been recently refinished, ensuring that the apartment feels fresh and move-in ready. With all utilities included and a prime location, this apartment is an excellent opportunity for anyone looking for affordable and comfortable living.

20. 2025-12-28
    listed $45,000 Active 1049-char remark

    Show marketing remark (1049 chars)

    Charming Two-Bedroom Coop Apartment in Affordable Complex: Located on the first floor of a well-maintained, affordable complex, this inviting two-bedroom coop apartment offers both comfort and convenience. The HOA covers essential utilities including hot water, heat, water, taxes, and ground maintenance, making it a hassle-free living experience. Inside, you'll find beautiful hardwood floors throughout, creating a warm and cohesive feel in every room. The spacious living area provides plenty of natural light, perfect for relaxation or entertaining. The updated kitchen is well-equipped, and the newly renovated bathroom adds a modern touch to the space. For added convenience, this apartment features an in-unit washer and dryer, eliminating the need for trips to the laundromat. The hardwood floors have been recently refinished, ensuring that the apartment feels fresh and move-in ready. With all utilities included and a prime location, this apartment is an excellent opportunity for anyone looking for affordable and comfortable living.

21. 2016-07-27
    soldstatus $22,000 533-char remark

    Show marketing remark (533 chars)

    Good living for a low bill! Immaculate mint condition 1ST Floor Unit featuring gleaming hardwood floors, new appliances and kitchen cabinets, beautiful kitchen backsplash. Entire unit was repainted from top to bottom and crown moldings and chair railings installed in the Living Room and Hallway to add extra charming to this updated apartment. Kitchen and Bathroom have new tile floor. Common Charges Include: Heat, Hot & Cold Water, Insurance, Grounds Maintenance, Taxes. Parking spot is #793. Great starter home! Must be seen.

22. 2016-06-24
    historical 533-char remark

    Show marketing remark (533 chars)

    Good living for a low bill! Immaculate mint condition 1ST Floor Unit featuring gleaming hardwood floors, new appliances and kitchen cabinets, beautiful kitchen backsplash. Entire unit was repainted from top to bottom and crown moldings and chair railings installed in the Living Room and Hallway to add extra charming to this updated apartment. Kitchen and Bathroom have new tile floor. Common Charges Include: Heat, Hot & Cold Water, Insurance, Grounds Maintenance, Taxes. Parking spot is #793. Great starter home! Must be seen.

23. 2015-11-14
    listed $25,000 533-char remark

    Show marketing remark (533 chars)

    Good living for a low bill! Immaculate mint condition 1ST Floor Unit featuring gleaming hardwood floors, new appliances and kitchen cabinets, beautiful kitchen backsplash. Entire unit was repainted from top to bottom and crown moldings and chair railings installed in the Living Room and Hallway to add extra charming to this updated apartment. Kitchen and Bathroom have new tile floor. Common Charges Include: Heat, Hot & Cold Water, Insurance, Grounds Maintenance, Taxes. Parking spot is #793. Great starter home! Must be seen.

24. 2015-09-30
    historical
25. 2015-05-18
    listed $33,000
26. 2015-05-15
    historical
27. 2015-05-12
    historical
28. 2015-02-28
    listed $55,000
29. 2015-02-28
    listed $55,000
30. 2014-11-26
    soldstatus $15,000
31. 2014-11-25
    soldstatus $15,000
32. 2014-06-30
    listed $26,000
33. 2014-05-22
    listed $25,000

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

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 · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 51% 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: $20,910
• − Mortgage interest: −$2,521
• − Property taxes: −$675
• − Insurance: −$225
• − Repairs & maintenance: −$1,673
• − Management: −$1,673
• − HOA: −$9,228
• − Depreciation: −$1,309
• Taxable income: $3,606
• Est. tax owed @ 24.0%: −$866
• After-tax cash flow: $2,693/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): 22,020
• Household income: $51,634
• Rent vs Own: 50.6% rent · 49.4% own
• Severe rent burden: 1368.0

Population outlook (Greater Bridgeport County) Hauer SSP2

• By 2040: 365,581

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.65)
• Race & ethnicity: Hispanic / Latino 51% Black 23% White 20% Two or more races 14% Asian 3% Native American 1%
• Hispanic origin (detail): Mexican 3% Puerto Rican 30% Dominican 6%
• Common ancestry: Romanian 4% Estonian 3% Hispanic 2%
• Foreign-born: 31% · Canada, Jamaica, Vietnam
• Languages at home: 47% English-only · Spanish 40% Other Indo-European 5% Russian/Polish/Slavic 3%

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: ▼ -29.78%
• Current HPI: 370.1432
• 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

+80.0% since first listed

18 events — show timeline

• 2026-04-24 Relisted — Smart MLS
• 2026-04-01 Pending — Smart MLS
• 2026-03-17 Price Changed $45,000 Smart MLS
• 2025-12-29 Price Changed $48,000 Smart MLS
• 2025-12-28 Listed $45,000 Smart MLS
• 2016-07-27 Sold (MLS) $22,000 Smart MLS
• 2016-06-24 Listing Removed — Smart MLS
• 2015-11-14 Listed $25,000 Smart MLS
• 2015-09-30 Listing Removed — Smart MLS
• 2015-05-18 Listed $33,000 Smart MLS
• 2015-05-15 Listing Removed — Smart MLS
• 2015-05-12 Listing Removed — Smart MLS
• 2015-02-28 Listed $55,000 Smart MLS
• 2015-02-28 Listed $55,000 Smart MLS
• 2014-11-26 Sold (MLS) $15,000 Smart MLS
• 2014-11-25 Sold (MLS) $15,000 Smart MLS
• 2014-06-30 Listed $26,000 Smart MLS
• 2014-05-22 Listed $25,000 Smart MLS