1384 Boston Ave · Bridgeport, CT 06610

$299,999

3 bd · 3.0 ba · 1,608 sqft · MultiFamily public records · 31 Days on market

Built 1907 4,356 sqft lot Est $426k · 30% under

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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

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks

HIGHEST AND BEST OFFERS BY 6pm on Thursday June 18th. INVESTMENT OPPORTUNITY! Multi family property situated on a corner lot offering strong value add potential for investors, contractors, or owner occupants. Featuring a total of 3 bedrooms and 3 full bathrooms across multiple living spaces, this property also includes a detached 2 car garage and off street parking. New roof on house and garage just done last year. Electrical (220) carried into the garage. Attic provides additonal space. Conveniently located near shopping, restaurants, public transportation, parks, and major commuter routes. Bring your vision and unlock the income potential this property has to offer. Property sold as-is

Key facts

• Off street parking
• Income potential
• Corner lot

Tags

• CORNER LOT
• DETACHED 2 CAR GARAGE
• OFF STREET PARKING
• MULTIPLE LIVING SPACES
• INCOME POTENTIAL

Property features AI

Finance

• Financial info: Assessed value listed by public records

Exterior

• Parking: Detached 2-car garage
• Utilities: Public water connected; Public sewer connected; Domestic hot water
• Home design: Multi-family property (2-family)
• Construction: Frame construction; Concrete foundation; Built prior to or by public records (living area 1608)
• Exterior features: Corner lot; Aluminum siding; Asphalt shingle roof

Interior

• Bedrooms: 3 bedrooms
• Bathrooms: 3 full bathrooms
• Heating & cooling: Hot air heating; Natural gas fuel
• Interior features: 8 total rooms; Full basement; Walk-up attic

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath multifamily listed at $300k.

Deal economics

• At list price, monthly cash flow is $2k ($23k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($5k rent vs $300k).
• Recommended offer: $291k (3.0% below list) — sets the bar for market timing.
• Cap rate 13.8% vs local median 4.6% 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: 69 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 45% of comp listings sitting > 30 days — soft ceiling on asking rent; 852 units permitted in Greater Bridgeport Planning Region in 2024 (698 in 5+ unit buildings).
• At $5,117/mo this rent would consume 119% of the median local household income ($52k/yr) (locally 1368% 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 $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $84k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 31 days — a 3% lower offer ($291k) is reasonable based on typical stale-listing flexibility.
• 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.

Risks & watch-outs

• Watch-outs: built in 1907 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 54% 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 $290,999 (3.0% below list)

Questions for the listing agent

1. It's been on market 31 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1907 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 1.71% ✓
• Cap rate: 13.79%
• Cash-on-cash: 26.79%
• DSCR: 2.19
• GRM: 4.9

CMA / ARV

• ARV (on-the-fly): $426,120
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
276 Bond St	0.27mi	4/2.0 (+1)	1,712 (+6%)	10mo	$475,000	$277	60
310 Bond St	0.30mi	4/2.0 (+1)	1,712 (+6%)	8mo	$365,000	$213	59
184 Pearl Harbor St	0.53mi	4/2.0 (+1)	1,700 (+6%)	2mo	$445,000	$262	55
323 Pearl Harbor St	0.61mi	4/2.5 (+1)	1,700 (+6%)	7mo	$450,000	$265	49
108 Wake St	0.69mi	3/2.0	1,426 (-11%)	5mo	$410,000	$288	41

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 20.7%
• Equity multiple: 1.84×
• Total profit: $70,971
• Equity at exit: $44,731

10-year hold

• IRR: 28.9%
• Equity multiple: 3.57×
• Total profit: $216,157
• Equity at exit: $25,938

Cash invested: $84,000 (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 06610

• Home prices YoY: -7.5%
• Active inventory: 69
• Price-to-rent: 14.7×

Monthly cashflow live

• Estimated rent: $5,117 high
• Mortgage (P&I): −$1,573
• Tax from tax record: −$469 /mo · $5,625/yr
• Insurance: −$125
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,075
• Net cashflow: $1,875

Break-even live

Break-even rent $2,743

Max offer price $299,999

Occupancy floor 58%

Sensitivity live

Price	-10% $2,045	-5% $1,960	+0% $1,875	+5% $1,791	+10% $1,706
Rent	-10% $1,471	-5% $1,673	+0% $1,875	+5% $2,078	+10% $2,280
Rate	-1.0pp $2,027	-0.5pp $1,952	base $1,875	+0.5pp $1,798	+1.0pp $1,719

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

Units	Beds	Baths	Est. rent
▸ 3× units	1	1	$5,118
Total (3 units)			$5,117

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: $75,000
• Closing costs: $9,000
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
144 Palisade Ave Bridgeport, CT	3.0	1.0	1096	$2,600	$2.37	46d	1	0.20mi
333 Ridgefield Ave Bridgeport, CT	3.0	1.0	1400	$2,250	$1.61	5d	1	0.22mi
335 Ridgefield Ave Bridgeport, CT	3.0	1.0	1400	$2,250	$1.61	5d	1	0.22mi
292 Ridgefield Ave Unit 2 Bridgeport, CT	4.0	1.0	1792	$2,650	$1.48	46d	1	0.27mi
292 Ridgefield Ave Unit 3 Bridgeport, CT	3.0	1.0	1792	$2,450	$1.37	46d	1	0.27mi
75 Judson Pl Bridgeport, CT	3.0	1.5	1384	$2,850	$2.06	16d	1	0.33mi
64 Velvet St Bridgeport, CT	3.0	1.0	1430	$2,500	$1.75	14d	1	0.44mi
110-112 Pixlee Pl Unit 2 Bridgeport, CT	2.0	1.0	1151	$1,800	$1.56	23d	1	0.47mi
530 Jane St Unit 2B Bridgeport, CT	3.0	2.0	2217	$3,400	$1.53	46d	1	0.48mi
53 Pixlee Pl Unit 2nd Bridgeport, CT	3.0	1.0	1475	$2,195	$1.49	5d	1	0.49mi
1325 Pembroke St Unit 2nd Floor Bridgeport, CT	3.0	1.0	1600	$3,500	$2.19	46d	1	0.49mi
22-26 Carver St Bridgeport, CT	2.0	1.0	1094	$2,200	$2.01	14d	1	0.51mi
36 Carver St Unit 1 Bridgeport, CT	2.0	1.0	1094	$2,200	$2.01	26d	1	0.51mi
704 Maple St #704 Bridgeport, CT	3.0	1.5	1948	$2,700	$1.39	26d	1	0.55mi
253 East Ave Unit 253 Bridgeport, CT	2.0	1.0	1267	$1,750	$1.38	26d	1	0.56mi
672 Brooks St Bridgeport, CT	4.0	1.0	1232	$3,300	$2.68	16d	1	0.60mi
587 Brooks St Unit !st floor Bridgeport, CT	3.0	2.0	1500	$2,400	$1.60	46d	1	0.61mi
30 Wake St Bridgeport, CT	2.0	2.5	1700	$2,400	$1.41	46d	1	0.62mi
982 Pembroke St Unit 2L Bridgeport, CT	4.0	1.0	2043	$2,475	$1.21	5d	1	0.63mi
1804 Barnum Ave Unit 10 Bridgeport, CT	2.0	1.0	1100	$2,000	$1.82	46d	1	0.63mi
438 Park St Unit 1 Bridgeport, CT	3.0	1.0	1196	$2,900	$2.42	5d	1	0.77mi
2336 Barnum Ave Stratford, CT	2.0	1.0	1272	$1,950	$1.53	5d	1	0.77mi
2310 Barnum Ave Unit 1 Stratford, CT	2.0	1.5	1614	$1,975	$1.22	16d	1	0.79mi
2310 Barnum Ave Unit 1 Stratford, CT	2.0	1.5	1614	$2,380	$1.47	46d	1	0.79mi
47 Clover St Stratford, CT	2.0	1.0	1280	$1,950	$1.52	16d	1	0.80mi
545 Park St Bridgeport, CT	3.0	1.0	1176	$2,050	$1.74	46d	1	0.80mi
184 Park St Bridgeport, CT	2.0	1.0	1200	$2,000	$1.67	46d	1	0.81mi
285 Clover St Unit 2 Stratford, CT	3.0	1.0	1152	$2,150	$1.87	46d	1	0.82mi
285 Clover St Unit 2 Stratford, CT	2.0	1.0	1152	$2,150	$1.87	26d	1	0.82mi
481 Hollister Ave Unit 2nd Bridgeport, CT	3.0	1.0	1250	$2,000	$1.60	26d	1	0.87mi
166 6th St Bridgeport, CT	3.0	1.0	1100	$2,300	$2.09	21d	1	0.89mi
690 William St Unit 2 Bridgeport, CT	3.0	1.0	1746	$2,200	$1.26	26d	1	0.89mi
2048 E Main St Bridgeport, CT	4.0	2.0	2000	$3,000	$1.50	46d	1	0.89mi
458 Hollister Ave Unit 2nd Bridgeport, CT	3.0	1.0	1100	$1,899	$1.73	46d	1	0.89mi
80 Huntington Rd Bridgeport, CT	3.0	1.0	1100	$2,300	$2.09	46d	1	0.93mi
415 Logan St Unit 2nd Floor Bridgeport, CT	3.0	1.0	1500	$2,000	$1.33	46d	1	0.94mi
95-97 Locust St Bridgeport, CT	2.0	1.0	2048	$1,800	$0.88	46d	1	0.94mi
136 Sherman St Unit 142 Bridgeport, CT	4.0	1.5	2116	$2,800	$1.32	5d	1	0.96mi
172 Swanson Ave Stratford, CT	3.0	1.5	1495	$3,300	$2.21	5d	1	0.96mi
149-151 Shelton St Unit 151 Bridgeport, CT	2.0	1.0	2156	$2,000	$0.93	46d	1	0.96mi

Listing history 19 events

1. 2026-06-22
   days on market $299,999 Active 31 DOM
2. 2026-06-22
   days on market $299,999 Active 30 DOM
3. 2026-06-18
   days on market $299,999 Active 27 DOM
4. 2026-06-17
   days on market $299,999 Active 26 DOM
5. 2026-06-16
   remarks 696-char remark
6. 2026-06-16
   days on market $299,999 Active 25 DOM
7. 2026-06-15
   days on market $299,999 Active 24 DOM
8. 2026-06-13
   days on market $299,999 Active 22 DOM
9. 2026-06-13
   days on market $299,999 Active 21 DOM
10. 2026-06-10
    statusdays on market $299,999 Active 19 DOM
11. 2026-06-09
    days on market $299,999 Under Contract - Continue to Show 18 DOM
12. 2026-06-08
    days on market $299,999 Under Contract - Continue to Show 17 DOM
13. 2026-06-07
    days on market $299,999 Under Contract - Continue to Show 16 DOM
14. 2026-06-05
    days on market $299,999 Under Contract - Continue to Show 13 DOM
15. 2026-06-03
    days on market $299,999 Under Contract - Continue to Show 12 DOM
16. 2026-06-03
    statusdays on market $299,999 Under Contract - Continue to Show 11 DOM
17. 2026-06-01
    days on market $299,999 Active 10 DOM
18. 2026-05-31
    days on market $299,999 Active 9 DOM
19. 2026-05-22
    listed $299,999 Active

ⓘ 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: $5,625 · $469/mo
• Projected year-2 tax: $6,022 · $502/mo
• Expected delta: +$397/yr (+$33/mo · 7.1%)

ⓘ 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 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: $61,404
• − Mortgage interest: −$16,805
• − Property taxes: −$5,625
• − Insurance: −$1,500
• − Repairs & maintenance: −$4,912
• − Management: −$4,912
• − Depreciation: −$8,727
• Taxable income: $18,923
• Est. tax owed @ 24.0%: −$4,541
• After-tax cash flow: $17,964/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

3 events — show timeline

• 2026-06-09 Relisted — Smart MLS
• 2026-06-02 Contingent — Smart MLS
• 2026-05-22 Listed $299,999 Smart MLS

Property tax history

+0.6%/yr

Latest (2023): $5,625 · +0.0% YoY. Source: county tax records.