270-Bond Bond St · Bridgeport, CT 06610

$349,900

4 bd · 2.0 ba · 1,712 sqft · MultiFamily public records · 2 Days on market

Built 1910 2,613 sqft lot $204/sqft · 9% below area Est $387k · 9% under

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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 +25.3/30.0
• ARV discount +11.8/15.0
• DSCR +8.3/10.0
• 1% rule +6.5/10.0
• 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: 2 units. confirmed

Listing remarks MLS

Brick Attached two family property that needs work. First Floor, repairs were started but not completed. Needs complete rehab. Most of the first floor unit has newer Sheetrock, and sub unit needs new kitchen and bath. Second Floor is in decent condition. will not Qualify for FHA or Traditional Fanancing, 203K and Cash Buyers preferred.

Key facts

• 2,613 sq ft lot
• Built 1910
• Listed 2 days

Property features AI

Exterior

• Utilities: Public water connected; Public sewer connected
• Home design: Multi-family (2-family); Flat roof
• Construction: Concrete and masonry foundation; Brick construction; Brick color/finish
• Exterior features: City views; Brick exterior

Interior

• Bedrooms: 4 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Hot air heating; Natural gas fuel; Domestic hot water
• Interior features: Full unfinished basement; 8 total rooms

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/1.0-bath units multifamily listed at $350k.

Deal economics

• At list price, monthly cash flow is $797 ($10k/yr) — positive. Per door: $398/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $350k).
• Cap rate 9.0% 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: 68 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 42% 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 $4,026/mo this rent would consume 94% 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 $10k of value loss. Plan a longer hold.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 20y 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 $43k; list at $350k implies a 720% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1910 — 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 $349,900

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 1910 — 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. 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: 1.15% ✓
• Cap rate: 9.03%
• Cash-on-cash: 9.76%
• DSCR: 1.43
• GRM: 7.2

CMA / ARV

• ARV (median comp): $386,625
• List price: $349,900
• Delta: -9.50%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
276 Bond St	0.00mi	4/2.0	1,712 (0%)	10mo	$475,000	$277	92
310 Bond St	0.04mi	4/2.0	1,712 (0%)	8mo	$365,000	$213	91
184 Pearl Harbor St	0.40mi	4/2.0	1,700 (-1%)	2mo	$445,000	$262	79
323 Pearl Harbor St	0.42mi	4/2.5	1,700 (-1%)	7mo	$450,000	$265	71
989 Pearl Harbor St	0.67mi	4/2.0	1,700 (-1%)	11mo	$550,000	$324	58
54 Asylum St	0.45mi	5/3.0 (+1)	1,792 (+5%)	12mo	$560,000	$313	52
96 Manila Pl	0.65mi	4/3.0	1,812 (+6%)	8mo	$465,000	$257	49
83 Berkeley Pl	0.70mi	5/2.0 (+1)	1,617 (-6%)	5mo	$475,000	$294	49

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: -1.6%
• Equity multiple: 0.94×
• Total profit: $-5,903
• Equity at exit: $52,171

10-year hold

• IRR: 8.1%
• Equity multiple: 1.62×
• Total profit: $60,377
• Equity at exit: $30,253

Cash invested: $97,972 (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: 68
• Price-to-rent: 14.5×

Monthly cashflow live

• Estimated rent: $4,026 high
• Mortgage (P&I): −$1,835
• Tax from tax record: −$403 /mo · $4,835/yr
• Insurance: −$146
• HOA: −$0
• Vacancy / Maint / Mgmt: −$845
• Net cashflow: $797

Break-even live

Break-even rent $3,017

Max offer price $349,900

Occupancy floor 75%

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

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$4,026
Total (2 units)			$4,026

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: $87,475
• Closing costs: $10,497
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
365 Remington St Bridgeport, CT	5.0	2.0	1124	$3,800	$3.38	44d	1	0.13mi
144 Palisade Ave Bridgeport, CT	3.0	1.0	1096	$2,600	$2.37	44d	1	0.15mi
64 Velvet St Bridgeport, CT	3.0	1.0	1430	$2,500	$1.75	12d	1	0.32mi
335 Ridgefield Ave Bridgeport, CT	3.0	1.0	1400	$2,250	$1.61	3d	1	0.43mi
333 Ridgefield Ave Bridgeport, CT	3.0	1.0	1400	$2,250	$1.61	3d	1	0.43mi
292 Ridgefield Ave Unit 3 Bridgeport, CT	3.0	1.0	1792	$2,450	$1.37	44d	1	0.48mi
292 Ridgefield Ave Unit 2 Bridgeport, CT	4.0	1.0	1792	$2,650	$1.48	44d	1	0.48mi
479 Putnam St Unit 3R Bridgeport, CT	5.0	2.0	2000	$2,350	$1.18	19d	1	0.52mi
75 Judson Pl Bridgeport, CT	3.0	1.5	1384	$2,850	$2.06	14d	1	0.56mi
1325 Pembroke St Unit 2nd Floor Bridgeport, CT	3.0	1.0	1600	$3,500	$2.19	44d	1	0.59mi
672 Brooks St Bridgeport, CT	4.0	1.0	1232	$3,300	$2.68	14d	1	0.59mi
407 East Ave Bridgeport, CT	5.0	1.0	1720	$3,250	$1.89	3d	1	0.62mi
587 Brooks St Unit !st floor Bridgeport, CT	3.0	2.0	1500	$2,400	$1.60	44d	1	0.64mi
530 Jane St Unit 2B Bridgeport, CT	3.0	2.0	2217	$3,400	$1.53	44d	1	0.65mi
53 Pixlee Pl Unit 2nd Bridgeport, CT	3.0	1.0	1475	$2,195	$1.49	3d	1	0.68mi
2048 E Main St Bridgeport, CT	4.0	2.0	2000	$3,000	$1.50	44d	1	0.70mi
704 Maple St #704 Bridgeport, CT	3.0	1.5	1948	$2,700	$1.39	24d	1	0.76mi
285 Clover St Unit 2 Stratford, CT	3.0	1.0	1152	$2,150	$1.87	44d	1	0.78mi
545 Park St Bridgeport, CT	3.0	1.0	1176	$2,050	$1.74	44d	1	0.80mi
438 Park St Unit 1 Bridgeport, CT	3.0	1.0	1196	$2,900	$2.42	3d	1	0.81mi
982 Pembroke St Unit 2L Bridgeport, CT	4.0	1.0	2043	$2,475	$1.21	3d	1	0.82mi
172 Swanson Ave Stratford, CT	3.0	1.5	1495	$3,300	$2.21	3d	1	0.86mi
690 William St Unit 2 Bridgeport, CT	3.0	1.0	1746	$2,200	$1.26	24d	1	0.91mi
80 Huntington Rd Bridgeport, CT	3.0	1.0	1100	$2,300	$2.09	44d	1	0.93mi
279 Harriet St Bridgeport, CT	3.0	1.5	1392	$3,000	$2.16	24d	1	1.11mi
481 Hollister Ave Unit 2nd Bridgeport, CT	3.0	1.0	1250	$2,000	$1.60	24d	1	1.13mi
458 Hollister Ave Unit 2nd Bridgeport, CT	3.0	1.0	1100	$1,899	$1.73	44d	1	1.16mi
166 6th St Bridgeport, CT	3.0	1.0	1100	$2,300	$2.09	19d	1	1.16mi
52-54 Ives Ct Bridgeport, CT	4.0	1.0	2092	$2,750	$1.31	44d	1	1.19mi
588 E Main St Unit C Bridgeport, CT	3.0	1.0	1400	$2,475	$1.77	14d	1	1.20mi
415 Logan St Unit 2nd Floor Bridgeport, CT	3.0	1.0	1500	$2,000	$1.33	44d	1	1.20mi
136 Sherman St Unit 142 Bridgeport, CT	4.0	1.5	2116	$2,800	$1.32	3d	1	1.21mi
511 E Main St Bridgeport, CT	3.0	1.0	1100	$2,300	$2.09	44d	1	1.26mi
507 E Main St Bridgeport, CT	3.0	1.0	1120	$2,198	$1.96	44d	1	1.27mi
505 E Main St Bridgeport, CT	3.0	1.0	1120	$2,199	$1.96	44d	1	1.27mi
272 Davenport St Unit 2 Bridgeport, CT	4.0	1.0	1066	$2,200	$2.06	24d	1	1.27mi
272 Davenport St Unit 2 Bridgeport, CT	4.0	1.0	1066	$2,200	$2.06	14d	1	1.27mi
45-51 Cowles St Unit 45 Bridgeport, CT	3.0	1.0	1200	$2,550	$2.12	21d	1	1.34mi
45-51 Cowles St Unit 45 Bridgeport, CT	3.0	1.0	1200	$2,600	$2.17	14d	1	1.34mi
45-51 Cowles St Unit 45 Bridgeport, CT	3.0	1.0	1200	$2,400	$2.00	3d	1	1.34mi

Listing history 13 events

1. 2026-05-04
   status Under Contract 111-char remark
2. 2026-05-02
   listed $349,900 Active 111-char remark
3. 2016-04-15
   soldstatus $42,650 337-char remark

   Show marketing remark (337 chars)

   Brick Attached two family property that needs work. First Floor, repairs were started but not completed. Needs complete rehab. Most of the first floor unit has newer Sheetrock, and sub unit needs new kitchen and bath. Second Floor is in decent condition. will not Qualify for FHA or Traditional Fanancing, 203K and Cash Buyers preferred.

4. 2016-03-07
   historical 337-char remark

   Show marketing remark (337 chars)

   Brick Attached two family property that needs work. First Floor, repairs were started but not completed. Needs complete rehab. Most of the first floor unit has newer Sheetrock, and sub unit needs new kitchen and bath. Second Floor is in decent condition. will not Qualify for FHA or Traditional Fanancing, 203K and Cash Buyers preferred.

5. 2016-02-17
   listed $50,000 337-char remark

   Show marketing remark (337 chars)

   Brick Attached two family property that needs work. First Floor, repairs were started but not completed. Needs complete rehab. Most of the first floor unit has newer Sheetrock, and sub unit needs new kitchen and bath. Second Floor is in decent condition. will not Qualify for FHA or Traditional Fanancing, 203K and Cash Buyers preferred.

6. 2011-06-02
   historical
7. 2010-06-02
   listed $59,000
8. 2009-10-31
   historical
9. 2009-01-26
   listed $98,900
10. 2007-11-30
    historical
11. 2007-08-28
    listed $177,000
12. 2007-02-16
    historical
13. 2006-08-22
    listed $200,000

ⓘ 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: $4,835 · $403/mo
• Projected year-2 tax: $6,161 · $513/mo
• Expected delta: +$1,326/yr (+$111/mo · 27.4%)

ⓘ 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: $48,312
• − Mortgage interest: −$19,600
• − Property taxes: −$4,835
• − Insurance: −$1,750
• − Repairs & maintenance: −$3,865
• − Management: −$3,865
• − Depreciation: −$10,179
• Taxable income: $4,219
• Est. tax owed @ 24.0%: −$1,013
• After-tax cash flow: $8,550/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

+75.0% since first listed

13 events — show timeline

• 2026-05-04 Pending — Smart MLS
• 2026-05-02 Listed $349,900 Smart MLS
• 2016-04-15 Sold (MLS) $42,650 Smart MLS
• 2016-03-07 Listing Removed — Smart MLS
• 2016-02-17 Listed $50,000 Smart MLS
• 2011-06-02 Listing Removed — Smart MLS
• 2010-06-02 Listed $59,000 Smart MLS
• 2009-10-31 Listing Removed — Smart MLS
• 2009-01-26 Listed $98,900 Smart MLS
• 2007-11-30 Listing Removed — Smart MLS
• 2007-08-28 Listed $177,000 Smart MLS
• 2007-02-16 Listing Removed — Smart MLS
• 2006-08-22 Listed $200,000 Smart MLS

Property tax history

-1.2%/yr

Latest (2023): $4,835 · +0.0% YoY. Source: county tax records.