700 Laurel Ave · Bridgeport, CT 06604

$525,000

4 bd · 2.0 ba · 2,213 sqft · MultiFamily public records · 91 Days on market

Built 1887 3,920 sqft lot $237/sqft · at area comps Est $525k · at est.

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Why this score? — see what drove the C- 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 +20.5/30.0
• ARV discount +7.5/15.0
• DSCR +6.5/10.0
• 1% rule +5.0/10.0
• Rent growth +4.3/5.0
• Livability +4.0/5.0
• 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: 1 unit. estimate disagrees with records

Listing remarks MLS

700 Laurel Ave, Bridgeport, CT offers a spacious and well located multi family property in the desirable West Side area, just minutes from Fairfield, shopping centers, restaurants, parks, and convenient access to major highways and Metro North for commuters. The location makes it ideal for both owner occupants and investors looking for strong rental demand near the Fairfield border. The first floor unit was originally designed as a two bedroom but is currently configured as a one bedroom. It can easily be converted back to a two bedroom layout, giving flexibility to increase rental income or create additional living space if desired. The second and third floors together form a large and functional unit offering three bedrooms and two full bathrooms. The second floor features a living room, kitchen, office space, and one bedroom, while the additional two bedrooms are located in the finished attic. This layout provides separation and privacy, making it attractive for tenants or extended family living. The basement is already framed, presenting an excellent opportunity for the next owner to finish the space and add further value. With its flexible layout, prime location near Fairfield, and value add potential, this property is a great option for someone looking to live in one unit while renting the others or for an investor seeking long term upside.

Key facts

• Strong rental demand
• Finished attic
• Value add potential

Tags

• MULTI FAMILY PROPERTY
• STRONG RENTAL DEMAND
• FLEXIBLE LAYOUT
• FINISHED ATTIC
• VALUE ADD POTENTIAL

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath multifamily listed at $525k.

Deal economics

• At list price, monthly cash flow is $696 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($5k rent vs $525k).
• Recommended offer: $478k (9.0% below list) — sets the bar for market timing.
• Cap rate 7.9% 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 fast (+7.2%/yr); 70 active listings in the ZIP; 39 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 $5,270/mo this rent would consume 126% of the median local household income ($50k/yr) (locally 2646% 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 $4k of loan paydown is wiped out by about $16k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 7.2% rent growth), your $147k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 91 days — a 9% lower offer ($478k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 22y 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 $315k; list at $525k implies a 67% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1887 — 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 $477,750 (9.0% below list)

Questions for the listing agent

1. It's been on market 91 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1887 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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. 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.
7. 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.
8. 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: 1.00% ✓
• Cap rate: 7.88%
• Cash-on-cash: 5.68%
• DSCR: 1.25
• GRM: 8.3

CMA / ARV

• ARV (median comp): $524,967
• List price: $525,000
• Delta: 0.01%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1373 Iranistan Ave	0.33mi	4/2.0	2,214 (0%)	5mo	$520,000	$235	80
299 Villa Ave	0.63mi	4/2.0	2,184 (-1%)	6mo	$650,000	$298	63
90 Olive St	0.34mi	3/2.0 (-1)	2,100 (-5%)	10mo	$420,000	$200	62
588 Colorado Ave	0.21mi	4/2.0	2,464 (+11%)	18mo	$459,000	$186	57
1544 Park Ave	0.38mi	5/2.0 (+1)	2,343 (+6%)	13mo	$530,000	$226	56
157 Cottage St	0.71mi	4/2.0	2,294 (+4%)	14mo	$424,000	$185	50
370-372 Lenox Ave	0.49mi	4/2.0	2,344 (+6%)	23mo	$180,000	$77	48
10-12 Clinton Ave	0.68mi	4/2.0	2,132 (-4%)	17mo	$351,000	$165	48
109 Wordin Ave	0.61mi	5/3.0 (+1)	2,437 (+10%)	2mo	$500,000	$205	44
149 Milne St	0.69mi	4/2.0	1,992 (-10%)	10mo	$460,000	$231	42
43 Clinton Ave	0.64mi	5/3.0 (+1)	2,439 (+10%)	6mo	$435,000	$178	39
171 Jones Ave	0.69mi	4/2.0	1,900 (-14%)	7mo	$465,000	$245	38

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 · 7.21% rent growth · sell at horizon

5-year hold

• IRR: -3.0%
• Equity multiple: 0.88×
• Total profit: $-17,486
• Equity at exit: $78,279

10-year hold

• IRR: 10.7%
• Equity multiple: 1.99×
• Total profit: $145,943
• Equity at exit: $45,392

Cash invested: $147,000 (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 06604

• Home prices YoY: -5.4%
• Rents YoY: 7.2%
• Active inventory: 70
• Price-to-rent: 26.1×

Monthly cashflow live

• Estimated rent: $5,270 high
• Mortgage (P&I): −$2,753
• Tax from tax record: −$495 /mo · $5,943/yr
• Insurance: −$219
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,107
• Net cashflow: $696

Break-even live

Break-even rent $4,389

Max offer price $525,000

Occupancy floor 82%

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

Units	Beds	Baths	Est. rent
1× unit	1	1	$1,675
▸ 2× units	2	1	$3,596
Total (3 units)			$5,270

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: $131,250
• Closing costs: $15,750
• Reserves months: —
• Total cash needed: —

Rent comps 39 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
80 Elmwood Pl Unit 3 Bridgeport, CT	3.0	1.0	2500	$2,300	$0.92	43d	1	0.21mi
1357 Fairfield Ave Bridgeport, CT	3.0	1.0	2412	$2,000	$0.83	21d	1	0.33mi
1573 Park Ave Unit 1577 Bridgeport, CT	3.0	1.0	1890	$2,250	$1.19	3d	1	0.33mi
1515 Park Ave Unit 2 Bridgeport, CT	3.0	2.0	1900	$2,750	$1.45	43d	1	0.33mi
1577 Park Ave Bridgeport, CT	3.0	1.0	1409	$2,400	$1.70	23d	1	0.33mi
1577 Park Ave Unit 3rd Flr Bridgeport, CT	3.0	1.0	1890	$2,300	$1.22	3d	1	0.33mi
259 Laurel Ave Unit 2 Bridgeport, CT	4.0	1.0	1432	$3,200	$2.23	3d	1	0.36mi
784 Howard Ave Unit 2nd Floor Bridgeport, CT	3.0	1.0	1765	$1,950	$1.10	43d	1	0.40mi
784 Howard Ave Unit 2 Bridgeport, CT	3.0	1.0	1765	$1,900	$1.08	23d	1	0.40mi
61 Villa Ave Fairfield, CT	3.0	2.5	2246	$4,200	$1.87	21d	1	0.56mi
1566 North Ave Bridgeport, CT	5.0	1.0	2837	$2,500	$0.88	43d	1	0.58mi
5 Moody Ave Fairfield, CT	3.0	2.5	2379	$4,500	$1.89	2d	1	0.61mi
271 Vine St Unit 3 Bridgeport, CT	3.0	1.0	1749	$2,000	$1.14	3d	1	0.65mi
102 Hanover St Bridgeport, CT	4.0	1.5	1552	$2,800	$1.80	14d	1	0.66mi
111 Arcadia Ave Bridgeport, CT	4.0	1.5	2010	$4,000	$1.99	2d	1	0.70mi
2445 Park Ave #10 Bridgeport, CT	3.0	2.5	2043	$3,650	$1.79	10d	1	0.91mi
99 Johnson St Unit 2 Bridgeport, CT	4.0	2.0	1500	$3,600	$2.40	43d	1	1.02mi
583 Gregory St Bridgeport, CT	4.0	4.5	1750	$3,250	$1.86	43d	1	1.11mi
110 Berwick Ave Unit 110 Fairfield, CT	3.0	2.5	1900	$4,500	$2.37	2d	1	1.16mi
125 High Ridge Dr Bridgeport, CT	4.0	1.5	2160	$3,400	$1.57	2d	1	1.18mi
82-86 Waldorf Ave Bridgeport, CT	3.0	1.0	2889	$2,799	$0.97	10d	1	1.20mi
86 Waldorf Ave Bridgeport, CT	3.0	1.0	2889	$2,399	$0.83	43d	1	1.21mi
146 Warsaw St Fairfield, CT	4.0	1.0	1400	$3,100	$2.21	23d	1	1.22mi
114 Waldorf Ave Bridgeport, CT	3.0	1.0	2505	$2,400	$0.96	43d	1	1.23mi
325 Lafayette St Bridgeport, CT	1.0–3.0	1.0	1065	$2,275	$2.14	43d	2	1.28mi
325 Lafayette St Bridgeport, CT	1.0–3.0	1.0	1290	$2,275	$1.76	14d	2	1.28mi
325 Lafayette St Bridgeport, CT	3.0	1.0	1118	$2,275	$2.03	3d	2	1.28mi
228 Jennings Rd Fairfield, CT	3.0	2.0	1412	$3,650	$2.58	14d	1	1.29mi
228 Jennings Rd Fairfield, CT	3.0	2.0	1412	$3,750	$2.66	43d	1	1.29mi
175 Alvin St #175 Fairfield, CT	3.0	2.5	2060	$4,300	$2.09	43d	1	1.30mi
348 Halley Ave Fairfield, CT	3.0	2.5	1530	$4,200	$2.75	2d	1	1.32mi
42 Poe Ct Fairfield, CT	3.0	2.5	1600	$4,100	$2.56	3d	1	1.35mi
7 Armstrong Pl Bridgeport, CT	5.0	1.0	2449	$2,750	$1.12	23d	1	1.37mi
57 Robin St Unit 57 Bridgeport, CT	3.0	1.0	1900	$2,400	$1.26	23d	1	1.42mi
95 Parrott Ave Bridgeport, CT	4.0	1.0	1782	$3,450	$1.94	23d	1	1.44mi
281 Harriet St Unit 281 Bridgeport, CT	4.0	2.5	2297	$3,900	$1.70	43d	1	1.45mi
191 Parrott Ave Unit 1 Bridgeport, CT	3.0	1.0	2662	$2,000	$0.75	43d	1	1.45mi
55 E Main St Bridgeport, CT	3.0	1.0–3.0	1115	$9,085	$8.14	3d	189	1.49mi
141 Hicks St Bridgeport, CT	4.0	1.0	2311	$2,400	$1.04	23d	1	1.49mi

Listing history 17 events

1. 2026-05-18
   status Under Contract 1371-char remark

   Show marketing remark (1371 chars)

   700 Laurel Ave, Bridgeport, CT offers a spacious and well located multi family property in the desirable West Side area, just minutes from Fairfield, shopping centers, restaurants, parks, and convenient access to major highways and Metro North for commuters. The location makes it ideal for both owner occupants and investors looking for strong rental demand near the Fairfield border. The first floor unit was originally designed as a two bedroom but is currently configured as a one bedroom. It can easily be converted back to a two bedroom layout, giving flexibility to increase rental income or create additional living space if desired. The second and third floors together form a large and functional unit offering three bedrooms and two full bathrooms. The second floor features a living room, kitchen, office space, and one bedroom, while the additional two bedrooms are located in the finished attic. This layout provides separation and privacy, making it attractive for tenants or extended family living. The basement is already framed, presenting an excellent opportunity for the next owner to finish the space and add further value. With its flexible layout, prime location near Fairfield, and value add potential, this property is a great option for someone looking to live in one unit while renting the others or for an investor seeking long term upside.

2. 2026-02-16
   historical

   Show marketing remark (1371 chars)

   700 Laurel Ave, Bridgeport, CT offers a spacious and well located multi family property in the desirable West Side area, just minutes from Fairfield, shopping centers, restaurants, parks, and convenient access to major highways and Metro North for commuters. The location makes it ideal for both owner occupants and investors looking for strong rental demand near the Fairfield border. The first floor unit was originally designed as a two bedroom but is currently configured as a one bedroom. It can easily be converted back to a two bedroom layout, giving flexibility to increase rental income or create additional living space if desired. The second and third floors together form a large and functional unit offering three bedrooms and two full bathrooms. The second floor features a living room, kitchen, office space, and one bedroom, while the additional two bedrooms are located in the finished attic. This layout provides separation and privacy, making it attractive for tenants or extended family living. The basement is already framed, presenting an excellent opportunity for the next owner to finish the space and add further value. With its flexible layout, prime location near Fairfield, and value add potential, this property is a great option for someone looking to live in one unit while renting the others or for an investor seeking long term upside.

3. 2026-02-16
   listed $525,000 Active 1371-char remark

   Show marketing remark (1371 chars)

   700 Laurel Ave, Bridgeport, CT offers a spacious and well located multi family property in the desirable West Side area, just minutes from Fairfield, shopping centers, restaurants, parks, and convenient access to major highways and Metro North for commuters. The location makes it ideal for both owner occupants and investors looking for strong rental demand near the Fairfield border. The first floor unit was originally designed as a two bedroom but is currently configured as a one bedroom. It can easily be converted back to a two bedroom layout, giving flexibility to increase rental income or create additional living space if desired. The second and third floors together form a large and functional unit offering three bedrooms and two full bathrooms. The second floor features a living room, kitchen, office space, and one bedroom, while the additional two bedrooms are located in the finished attic. This layout provides separation and privacy, making it attractive for tenants or extended family living. The basement is already framed, presenting an excellent opportunity for the next owner to finish the space and add further value. With its flexible layout, prime location near Fairfield, and value add potential, this property is a great option for someone looking to live in one unit while renting the others or for an investor seeking long term upside.

4. 2026-01-22
   price $600,000
5. 2025-11-17
   price $650,000
6. 2025-10-08
   listed $700,000 Active
7. 2008-10-08
   historical
8. 2008-07-08
   listed $198,000
9. 2008-04-27
   historical
10. 2007-11-23
    listed $219,000
11. 2007-05-29
    historical
12. 2006-06-27
    listed $326,500
13. 2005-09-29
    soldstatus $315,000
14. 2005-06-28
    listed $319,900
15. 2005-05-02
    soldstatus $125,000
16. 2005-04-29
    soldstatus $125,000
17. 2004-12-05
    listed $129,900

ⓘ 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: $5,943 · $495/mo
• Projected year-2 tax: $8,589 · $716/mo
• Expected delta: +$2,646/yr (+$220/mo · 44.5%)

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

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 10% 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: $63,240
• − Mortgage interest: −$29,408
• − Property taxes: −$5,943
• − Insurance: −$2,625
• − Repairs & maintenance: −$5,059
• − Management: −$5,059
• − Depreciation: −$15,273
• Taxable loss: −$127
• Est. tax savings @ 24.0%: +$31
• After-tax cash flow: $8,384/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): 31,771
• Household income: $50,026
• Rent vs Own: 65.9% rent · 34.1% own
• Severe rent burden: 2646.0

Population outlook (Greater Bridgeport County) Hauer SSP2

• By 2040: 365,581

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.68)
• Race & ethnicity: Hispanic / Latino 45% White 30% Two or more races 15% Black 15% Asian 4% Native American 1%
• Hispanic origin (detail): Mexican 4% Puerto Rican 16% Dominican 5%
• Common ancestry: Estonian 5% Russian 3% Romanian 2%
• Foreign-born: 36% · Canada, Jamaica, China
• Languages at home: 47% English-only · Spanish 38% Other Indo-European 10% 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: ▼ -19.24%
• Current HPI: 337.7362
• Rent YoY: ▲ 7.21%
• 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

+304.2% since first listed

17 events — show timeline

• 2026-05-18 Pending — Smart MLS
• 2026-02-16 Listing Removed — Smart MLS
• 2026-02-16 Listed $525,000 Smart MLS
• 2026-01-22 Price Changed $600,000 Smart MLS
• 2025-11-17 Price Changed $650,000 Smart MLS
• 2025-10-08 Listed $700,000 Smart MLS
• 2008-10-08 Listing Removed — Smart MLS
• 2008-07-08 Listed $198,000 Smart MLS
• 2008-04-27 Listing Removed — Smart MLS
• 2007-11-23 Listed $219,000 Smart MLS
• 2007-05-29 Listing Removed — Smart MLS
• 2006-06-27 Listed $326,500 Smart MLS
• 2005-09-29 Sold (MLS) $315,000 Smart MLS
• 2005-06-28 Listed $319,900 Smart MLS
• 2005-05-02 Sold (Public Records) $125,000 Public Records
• 2005-04-29 Sold (MLS) $125,000 Smart MLS
• 2004-12-05 Listed $129,900 Smart MLS

Property tax history

-0.2%/yr

Latest (2023): $5,943 · +0.0% YoY. Source: county tax records.