175 Alexander Dr · Bridgeport, CT 06606

$465,000

5 bd · 2.0 ba · 1,770 sqft · MultiFamily public records · 8 Days on market

Built 1942 6,969 sqft lot Est $496k · 6% under

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Why this score? — see what drove the D 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 +14.1/30.0
• ARV discount +10.3/15.0
• 1% rule +4.5/10.0
• DSCR +4.3/10.0
• Livability +4.0/5.0
• Rent growth +3.3/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0
• Appreciation +0.0/10.0

Multi-family units

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

Listing remarks MLS

Completely renovated side by side Ranch style duplex in North End. Newer roof, siding, windows, doors and gas furnaces. Modern kitchens with shaker cabinets, granite countertops and stainless steel appliances. Modern tiled bathrooms in both units. Each unit has their own laundry hookup. Private yard space for both units. Truly a must see!

Key facts

• 6,969 sq ft lot
• 4 parking spots
• Built 1942

Property features AI

Exterior

• Parking: Off-street parking; 4 total parking spaces
• Utilities: Public water connected; Public sewer connected; Natural gas hot water with 30-gallon tank
• Home design: Multi-family property (2-family)
• Construction: Built with frame construction; Concrete foundation; Asphalt shingle roof; Vinyl siding
• Exterior features: Beach rights; Level lot

Interior

• Bedrooms: 4 bedrooms
• Heating & cooling: Hot air heat; Natural gas heat
• Interior features: 8 total rooms; Crawl space basement; Has attic with pull-down stairs

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/1.0-bath units multifamily listed at $465k.

Deal economics

• At list price, monthly cash flow is $70 ($843/yr) — positive. Per door: $35/mo.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $441k (5.2% below list).
• Recommended offer: $441k (5.2% below list) — sets the bar for 1% rule.
• Cap rate 6.5% 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: Rents rising (+3.1%/yr); 152 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 $4,409/mo this rent would consume 72% of the median local household income ($73k/yr) (locally 2163% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $14k of value loss. Plan a longer hold.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 9y 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 $331k; 40% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1942 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 41% 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 $440,900 (5.2% below list)

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
3. Built in 1942 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.95% ✗
• Cap rate: 6.47%
• Cash-on-cash: 0.65%
• DSCR: 1.03
• GRM: 8.8

CMA / ARV

• ARV (on-the-fly): $495,600
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
85-89 Alexander Dr	0.09mi	5/2.0	1,824 (+3%)	0mo	$380,000	$208	90
157 Madison Ter	0.42mi	4/2.0 (-1)	1,854 (+5%)	10mo	$520,000	$280	60
170 Holroyd St	0.21mi	6/3.5 (+1)	1,926 (+9%)	18mo	$620,000	$322	50

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

Projected returns pro-forma

-3.0% appreciation · 3.12% rent growth · sell at horizon

5-year hold

• IRR: -15.1%
• Equity multiple: 0.46×
• Total profit: $-70,153
• Equity at exit: $69,333

10-year hold

• IRR: -6.2%
• Equity multiple: 0.60×
• Total profit: $-52,365
• Equity at exit: $40,205

Cash invested: $130,200 (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 06606

• Rents YoY: 3.1%
• Active inventory: 152
• Price-to-rent: 17.6×

Monthly cashflow live

• Estimated rent: $4,409 high
• Mortgage (P&I): −$2,439
• Tax from tax record: −$781 /mo · $9,367/yr
• Insurance: −$194
• HOA: −$0
• Vacancy / Maint / Mgmt: −$926
• Net cashflow: $70

Break-even live

Break-even rent $4,320

Max offer price $465,000

Occupancy floor 93%

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

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$4,408
Total (2 units)			$4,409

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: $116,250
• Closing costs: $13,950
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
125 High Ridge Dr Bridgeport, CT	4.0	1.5	2160	$3,400	$1.57	2d	1	0.15mi
68-70 Westfield Ave Bridgeport, CT	4.0	2.0	1470	$3,200	$2.18	14d	1	0.68mi
111 Arcadia Ave Bridgeport, CT	4.0	1.5	2010	$4,000	$1.99	2d	1	0.70mi
927 Birmingham St Bridgeport, CT	4.0	2.0	1362	$3,800	$2.79	2d	1	0.70mi
95 Parrott Ave Bridgeport, CT	4.0	1.0	1782	$3,450	$1.94	23d	1	0.94mi
145 Rooster River Blvd Bridgeport, CT	5.0	2.0	1452	$3,800	$2.62	2d	1	1.16mi
120 Englewood Ave Bridgeport, CT	4.0	2.0	1675	$3,650	$2.18	3d	1	1.19mi
52-54 Ives Ct Bridgeport, CT	4.0	1.0	2092	$2,750	$1.31	43d	1	1.21mi
318 Valley Ave Bridgeport, CT	4.0	2.0	1718	$3,250	$1.89	23d	1	1.21mi
340 Pleasantview Ave Unit 2nd/3rd floors Bridgeport, CT	4.0	2.0	1728	$3,000	$1.74	43d	1	1.22mi
143 Highland Ave Bridgeport, CT	4.0	1.0	1362	$2,500	$1.84	23d	1	1.25mi
146 Warsaw St Fairfield, CT	4.0	1.0	1400	$3,100	$2.21	23d	1	1.29mi
95 Marcel St Bridgeport, CT	5.0	2.0	1404	$4,000	$2.85	43d	1	1.40mi
111 Vanguard St Bridgeport, CT	5.0	3.5	1868	$4,800	$2.57	3d	1	1.47mi
141 Hicks St Bridgeport, CT	4.0	1.0	2311	$2,400	$1.04	23d	1	1.49mi
7 Armstrong Pl Bridgeport, CT	5.0	1.0	2449	$2,750	$1.12	23d	1	1.49mi

Listing history 7 events

1. 2026-06-18
   days on market $465,000 Active 8 DOM
2. 2026-06-17
   days on market $465,000 Active 7 DOM
3. 2026-06-16
   days on market $465,000 Active 6 DOM
4. 2026-06-15
   days on market $465,000 Active 5 DOM
5. 2026-06-13
   days on market $465,000 Active 3 DOM
6. 2026-06-13
   remarks 105-char remark
7. 2026-06-13
   listed $465,000 Active 2 DOM

ⓘ 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: $9,367 · $781/mo
• Projected year-2 tax: $9,659 · $805/mo
• Expected delta: +$292/yr (+$24/mo · 3.1%)

ⓘ 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 · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 41% 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: $52,908
• − Mortgage interest: −$26,047
• − Property taxes: −$9,367
• − Insurance: −$2,325
• − Repairs & maintenance: −$4,233
• − Management: −$4,233
• − Depreciation: −$13,527
• Taxable loss: −$6,824
• Est. tax savings @ 24.0%: +$1,638
• After-tax cash flow: $2,481/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): 49,308
• Household income: $73,372
• Rent vs Own: 42.9% rent · 57.1% own
• Severe rent burden: 2163.0

Population outlook (Greater Bridgeport County) Hauer SSP2

• By 2040: 365,581

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.73)
• Race & ethnicity: Hispanic / Latino 37% White 31% Black 19% Two or more races 11% Asian 7%
• Hispanic origin (detail): Mexican 5% Puerto Rican 12% Dominican 4%
• Common ancestry: Estonian 5% Russian 4% Romanian 3%
• Foreign-born: 37% · Canada, Jamaica, Vietnam
• Languages at home: 50% English-only · Spanish 27% Other Indo-European 15% French/Haitian/Cajun 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: ▼ -270.11%
• Current HPI: 345.647
• Rent YoY: ▲ 3.12%
• 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

+216.3% since first listed

9 events — show timeline

• 2026-06-10 Listed $465,000 Smart MLS
• 2020-10-22 Sold (MLS) $331,400 Smart MLS
• 2020-08-24 Relisted — Smart MLS
• 2020-07-17 Listed $319,900 Smart MLS
• 2017-06-28 Sold (MLS) $229,900 Smart MLS
• 2017-06-21 Sold (Public Records) $229,900 Public Records
• 2017-05-18 Listing Removed — Smart MLS
• 2017-01-31 Listed $229,900 Smart MLS
• 1989-05-22 Sold (Public Records) $147,000 Public Records

Property tax history

+1.9%/yr

Latest (2023): $9,367 · +0.0% YoY. Source: county tax records.