18-20 Clinton Ave · Bridgeport, CT 06605

$550,000

8 bd · 3.0 ba · 2,679 sqft · MultiFamily · 44 Days on market

Built 1897 Fair condition 3,484 sqft lot $205/sqft · 9% above area Est $504k · 9% over ↓ 4% since listing

---

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 +18.9/30.0
• DSCR +6.0/10.0
• 1% rule +5.0/10.0
• Livability +4.0/5.0
• ARV discount +3.4/15.0
• Rent growth +3.0/5.0
• Condition / age +2.2/5.0
• 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

This very large 2,679 sqft 2 family property is perfect for any home owner or investor. The 1st floor unit consists of 3 bedrooms and 1 bathroom. The 2nd unit is a very spacious two floor apartment that has 5 bedrooms and 2 bathrooms that was recently updated. Conveniently located just minutes from I-95 and I-91. Schedule your showing today!!!

Key facts

• 3,484 sq ft lot
• 2 parking spots
• Built 1897

Property features AI

Finance

• Financial info: Multifamily property for sale (2 units)

Exterior

• Parking: 2 parking spaces
• Utilities: Public water connected; Public sewer connected
• Home design: Multi-family property (2-family)
• Construction: Frame construction; Vinyl siding; Asphalt shingle roof; Stone foundation
• Exterior features: Level lot; Private driveway; Paved driveway

Interior

• Bedrooms: 8 bedrooms
• Bathrooms: 3 full bathrooms
• Heating & cooling: Hot water heating; Natural gas fuel; 40-gallon natural gas hot water tank
• Interior features: 12 total rooms; Full basement with hatchway; Window unit cooling
• Laundry & utility: Basement laundry hook-ups

What this means for you Summary

Snapshot

• This is a 1×3bd/1ba + 1×5bd/2ba units multifamily listed at $550k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $565 ($7k/yr) — positive. Per door: $282/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($6k rent vs $550k).
• Recommended offer: $534k (3.0% below list) — sets the bar for market timing.
• Cap rate 7.5% 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 (+1.8%/yr); 47 active listings in the ZIP; 852 units permitted in Greater Bridgeport Planning Region in 2024 (698 in 5+ unit buildings).
• At $5,526/mo this rent would consume 118% of the median local household income ($56k/yr) (locally 2367% 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.

Negotiation context

• It's been on market 44 days — a 3% lower offer ($534k) 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 1897 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; major wind risk, 67% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $533,500 (3.0% below list)

Questions for the listing agent

1. It's been on market 44 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
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. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
5. Built in 1897 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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?
9. 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.
10. 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.
11. 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: 7.52%
• Cash-on-cash: 4.40%
• DSCR: 1.20
• GRM: 8.3

CMA / ARV

• ARV (median comp): $504,125
• List price: $550,000
• Delta: 9.10%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
725 Beechwood Ave	0.70mi	8/3.0	2,676 (-0%)	6mo	$640,000	$239	62
182 Hanover St	0.37mi	8/3.5	2,956 (+10%)	16mo	$650,000	$220	50
212 Norman St	0.28mi	8/3.0	3,003 (+12%)	21mo	$645,000	$215	50
85 Ash St	0.62mi	9/3.0 (+1)	2,904 (+8%)	4mo	$680,000	$234	48
1109 Hancock Ave	0.67mi	7/3.0 (-1)	2,640 (-2%)	18mo	$600,000	$227	46
223 Cottage St	0.32mi	9/3.0 (+1)	3,059 (+14%)	13mo	$606,900	$198	45
1169 Iranistan Ave	0.57mi	8/3.0	3,048 (+14%)	7mo	$600,000	$197	44
370 Lenox Ave	0.73mi	7/3.0 (-1)	2,344 (-12%)	11mo	$595,000	$254	31
32 Hazelwood Ave	0.65mi	7/3.5 (-1)	2,325 (-13%)	15mo	$540,000	$232	28

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 · 1.81% rent growth · sell at horizon

5-year hold

• IRR: -10.8%
• Equity multiple: 0.61×
• Total profit: $-59,619
• Equity at exit: $82,007

10-year hold

• IRR: -3.2%
• Equity multiple: 0.80×
• Total profit: $-31,470
• Equity at exit: $47,554

Cash invested: $154,000 (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 06605

• Home prices YoY: -14.5%
• Rents YoY: 1.8%
• Active inventory: 47
• Price-to-rent: 19.5×

Monthly cashflow live

• Estimated rent: $5,526 high
• Mortgage (P&I): −$2,884
• Tax est. 1.5%: −$688 /mo · $8,250/yr
• Insurance: −$229
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,160
• Net cashflow: $565

Break-even live

Break-even rent $4,811

Max offer price $550,000

Occupancy floor 85%

Sensitivity live

Price	-10% $945	-5% $755	+0% $565	+5% $375	+10% $185
Rent	-10% $128	-5% $346	+0% $565	+5% $783	+10% $1,001
Rate	-1.0pp $842	-0.5pp $705	base $565	+0.5pp $422	+1.0pp $277

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

Units	Beds	Baths	Est. rent
1× unit	3	1	$2,351
1× unit	5	2	$3,175
Total (2 units)			$5,526

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: $137,500
• Closing costs: $16,500
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-22
   days on market $550,000 Active 44 DOM
2. 2026-06-18
   days on market $550,000 Active 41 DOM
3. 2026-06-17
   days on market $550,000 Active 40 DOM
4. 2026-06-16
   days on market $550,000 Active 39 DOM
5. 2026-06-15
   days on market $550,000 Active 38 DOM
6. 2026-06-13
   days on market $550,000 Active 36 DOM
7. 2026-06-13
   days on market $550,000 Active 35 DOM
8. 2026-06-10
   days on market $550,000 Active 33 DOM
9. 2026-06-09
   days on market $550,000 Active 32 DOM
10. 2026-06-08
    days on market $550,000 Active 31 DOM
11. 2026-06-07
    days on market $550,000 Active 30 DOM
12. 2026-06-05
    days on market $550,000 Active 27 DOM
13. 2026-06-03
    days on market $550,000 Active 26 DOM
14. 2026-06-03
    days on market $550,000 Active 25 DOM
15. 2026-06-01
    days on market $550,000 Active 24 DOM
16. 2026-05-31
    days on market $550,000 Active 23 DOM
17. 2026-05-08
    listed $550,000 Active 345-char remark
18. 2026-05-07
    historical
19. 2026-05-07
    listed $575,000 Active

ⓘ 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 6/10 Major FEMA zone X (unshaded) · 71% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥97°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 67% 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: $66,312
• − Mortgage interest: −$30,809
• − Property taxes: −$8,250
• − Insurance: −$2,750
• − Repairs & maintenance: −$5,305
• − Management: −$5,305
• − Depreciation: −$16,000
• Taxable loss: −$2,106
• Est. tax savings @ 24.0%: +$506
• After-tax cash flow: $7,281/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.

Condition & rehab AI · 13 photos

Fair 45/100 Moderate rehab

This 2-family property requires moderate repairs and maintenance, particularly to the exterior and landscaping, to improve its condition and value.

Repairs flagged

• Major exterior siding — Significant damage and wear visible on the exterior siding.
• Major fencing — Significant damage and wear visible on the fencing.

Value-add opportunities

• Both exterior painting and repairs — Improving the exterior appearance will increase both resale and rental value.
• Both landscaping and curb appeal — Enhancing the landscaping will improve the home's curb appeal and attract more potential buyers/tenants.

Renovation cost estimate screening

Repair item	Severity	Est. cost
exterior siding · Significant damage and wear visible on the exterior siding.	Major	$15,000–50,000
fencing · Significant damage and wear visible on the fencing.	Major	$15,000–50,000
Total estimated repair cost · 2 items		$30,000–100,000

Value-add ROI direction

• Both exterior painting and repairs — Improving the exterior appearance will increase both resale and rental value. ↑
• Both landscaping and curb appeal — Enhancing the landscaping will improve the home's curb appeal and attract more potential buyers/tenants. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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): 25,929
• Household income: $56,179
• Rent vs Own: 67.9% rent · 32.1% own
• Severe rent burden: 2367.0

Population outlook (Greater Bridgeport County) Hauer SSP2

• By 2040: 365,581

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.70)
• Race & ethnicity: Hispanic / Latino 39% White 33% Black 19% Two or more races 12% Asian 5% Native American 1%
• Hispanic origin (detail): Mexican 6% Puerto Rican 17% Cuban 3% Dominican 3%
• Common ancestry: Romanian 4% Hispanic 3% Scotch-Irish 2%
• Foreign-born: 25% · Canada, Guatemala, China
• Languages at home: 54% English-only · Spanish 32% Other Indo-European 4% French/Haitian/Cajun 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: ▼ -40.42%
• Current HPI: 238.1786
• Rent YoY: ▲ 1.81%
• 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

-4.3% since first listed

3 events — show timeline

• 2026-05-08 Listed $550,000 Smart MLS
• 2026-05-07 Listing Removed — Smart MLS
• 2026-05-07 Listed $575,000 Smart MLS