14 Bridgeport Ave · Bristol, CT 06010

$449,000

3 bd · 2.0 ba · 1,050 sqft · MultiFamily public records · 12 Days on market

Built 1963 0.26 ac lot

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Why this score? — see what drove the F 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 +8.8/30.0
• ARV discount +7.5/15.0
• Livability +4.0/5.0
• Rent growth +3.9/5.0
• Schools +3.2/10.0
• Condition / age +2.5/5.0
• 1% rule +2.4/10.0
• DSCR +2.4/10.0
• 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

A rare opportunity to own this beautifully updated two-family home located in a desirable residential neighborhood. Every detail has been thoughtfully remodeled and upgraded, making this property ideal for both owner-occupants and investors. The upper-level apartment features a warm and inviting living room with a cozy fireplace. The spacious eat-in kitchen offers laminate flooring, brand-new stainless steel appliances, and a large open layout perfect for entertaining. Enjoy additional living space in the 3-season porch. This unit also includes 3 BRs, a fully remodeled bathroom with a walk-in shower, and refinished hardwood floors throughout the main living areas. The lower-level apartment

Key facts

• Remodeled
• Updated
• Living room

Tags

• TWO-FAMILY HOME
• UPDATED
• REMODELED
• UPGRADED
• UPPER-LEVEL APARTMENT
• LIVING ROOM

Property features AI

Finance

• Other: Living area reported as 1050 (public record); Property listed as Multi-Family For Sale
• Financial info: No investor-specific income or expense details provided
• HOA & community: No HOA information provided

Exterior

• Parking: Attached garage (1 garage)
• Security: No security features provided
• Utilities: Public water connected; Public sewer connected; Electric service (heat fuel and hot water)
• Home design: Multi-family property (2-family)
• Construction: Frame construction; Concrete foundation
• Exterior features: Level lot; Vinyl siding; Asphalt shingle roof

Interior

• Kitchen: No kitchen appliance details provided
• Bedrooms: 5 bedrooms
• Flooring: No flooring details provided
• Bathrooms: 2 full bathrooms
• Heating & cooling: Split system cooling; Electric baseboard and other heating; Electric hot water
• Interior features: Two fireplaces; Thermopane windows; Common laundry area; No basement
• Laundry & utility: Laundry located in an outside room on the lower level; Common laundry area

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/1.0-bath units multifamily listed at $449k.

Deal economics

• At list price, monthly cash flow is $-367 ($-4k/yr) — negative. Per door: $-183/mo.
• To cash-flow at today's rent, offer at most $384k (14.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $332k (25.9% below list).
• Recommended offer: $332k (25.9% below list) — sets the bar for 1% rule.
• Cap rate 5.3% vs local median 3.3% in Bristol — 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 (#21 in CT, #1,585 nationally) — a professional / high-income tenant draw. Strengths: crime A+, housing A+, health & safety A+; Watch: schools C-, commute F.
• Bristol School District (suburban): math 28% / reading 44% proficiency, ranked #109 of 153 in CT (top 71%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+5.4%/yr); 220 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals leasing fast (median 12d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 502 units permitted in Naugatuck Valley Planning Region in 2024 (171 in 5+ unit buildings).
• At $3,325/mo this rent would consume 50% of the median local household income ($79k/yr) (locally 2172% 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 $13k of value loss. Plan a longer hold.

Negotiation context

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts 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 $150k; list at $449k implies a 199% gain — meaningful room to come down on a strong offer.

Recommended offer $332,500 (25.9% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
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 1963 — 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. 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: 0.74% ✗
• Cap rate: 5.31%
• Cash-on-cash: -3.50%
• DSCR: 0.84
• GRM: 11.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 5.41% rent growth · sell at horizon

5-year hold

• IRR: -19.6%
• Equity multiple: 0.30×
• Total profit: $-87,867
• Equity at exit: $66,947

10-year hold

• IRR: -8.2%
• Equity multiple: 0.43×
• Total profit: $-71,053
• Equity at exit: $38,821

Cash invested: $125,720 (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 06010

• Rents YoY: 5.4%
• Active inventory: 220
• Price-to-rent: 22.5×

Monthly cashflow live

• Estimated rent: $3,325 medium
• Mortgage (P&I): −$2,355
• Tax from tax record: −$452 /mo · $5,420/yr
• Insurance: −$187
• HOA: −$0
• Vacancy / Maint / Mgmt: −$698
• Net cashflow: $-367

Break-even live

Break-even rent $3,789

Max offer price $384,238

Occupancy floor —

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

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$3,326
Total (2 units)			$3,325

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: $112,250
• Closing costs: $13,470
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
73 Shawn Dr Bristol, CT	3.0	1.0	1450	$1,850	$1.28	12d	1	0.56mi
1175 Farmington Ave Bristol, CT	2.0	1.0–1.5	875	$2,039	$2.33	2d	12	0.86mi
43 Hiltbrand Rd Unit 2-9 Bristol, CT	2.0	1.5	990	$1,875	$1.89	3d	1	1.02mi
115 Beths Ave #3 Bristol, CT	2.0	1.5	1232	$1,850	$1.50	24d	1	1.09mi

Listing history 4 events

1. 2026-05-18
   status Active
2. 2026-03-24
   status Under Contract
3. 2026-03-20
   listed $449,000 Active
4. 2025-10-02
   soldstatus $150,000

ⓘ 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: $5,420 · $452/mo
• Projected year-2 tax: $7,514 · $626/mo
• Expected delta: +$2,094/yr (+$175/mo · 38.6%)

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

Taxation est. · year 1

• Rental income: $39,900
• − Mortgage interest: −$25,151
• − Property taxes: −$5,420
• − Insurance: −$2,245
• − Repairs & maintenance: −$3,192
• − Management: −$3,192
• − Depreciation: −$13,062
• Taxable loss: −$12,362
• Est. tax savings @ 24.0%: +$2,967
• After-tax cash flow: $-1,432/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: Bristol School District
• NCES district ID: 0900510
• Math proficiency: 28% ▼ -10.00%
• Reading proficiency: 44% ▼ -5.00%
• Median HH income: $59,953
• Composite: 32.07/100
• National rank: #5814
• State rank: #109 of 153 in CT

Livability — Bristol

• Score: 81/100
• State rank: #21
• US rank: #1585

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bristol, CT
• County: Hartford County · 754,208 people
• City population: 61,684
• Metro: Hartford-East Hartford-Middletown, CT
• Population (ZIP): 61,684
• Household income: $79,314
• Rent vs Own: 35.2% rent · 64.8% own
• Severe rent burden: 2172.0

Population outlook (Naugatuck Valley County) Hauer SSP2

• By 2040: 496,846

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (65%)
• Race & ethnicity: White 65% Hispanic / Latino 19% Two or more races 13% Black 7% Asian 5%
• Hispanic origin (detail): Mexican 2% Puerto Rican 13%
• Common ancestry: Lithuanian 11% Romanian 10% Slovak 1%
• Foreign-born: 10% · Canada
• Languages at home: 79% English-only · Spanish 11% Other Indo-European 3% Russian/Polish/Slavic 2%

Political lean MEDSL · Naugatuck Valley

• 2024 margin: Lean R (+7.4) · D 45.6% · R 53.0% · Other 1.4%
• All cycles: 2024: R+7.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -293.55%
• Current HPI: 255.5419
• Rent YoY: ▲ 5.41%
• Metro: Hartford-East Hartford-Middletown, 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

+199.3% since first listed

4 events — show timeline

• 2026-05-18 Relisted — Smart MLS
• 2026-03-24 Pending — Smart MLS
• 2026-03-20 Listed $449,000 Smart MLS
• 2025-10-02 Sold (Public Records) $150,000 Public Records

Property tax history

+2.1%/yr

Latest (2025): $5,420 · +6.0% YoY. Source: county tax records.