307 Dover St · Bridgeport, CT 06610

$329,000

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

Built 1910 2,613 sqft lot Est $469k · 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 +28.2/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +7.3/10.0
• 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

Call listing agent with any questions, solid two family current occupants are cooperative, rents could be a little higher, pretty good overall condition, some light carpentry and paint, sold as is where is. Proof of funds and or proper prequal is required .

Key facts

• 2,613 sq ft lot
• Built 1910
• Listed 4 days

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/1.0-bath units multifamily listed at $329k.

Deal economics

• At list price, monthly cash flow is $1k ($13k/yr) — positive. Per door: $522/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $329k).
• Cap rate 10.1% 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 $4,040/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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $92k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 25y 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 $56k; list at $329k implies a 488% 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 $329,000

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: 1.23% ✓
• Cap rate: 10.10%
• Cash-on-cash: 13.59%
• DSCR: 1.60
• GRM: 6.8

CMA / ARV

• ARV (on-the-fly): $469,088
• Comps found: 9

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
310 Bond St	0.02mi	4/2.0	1,712 (0%)	8mo	$365,000	$213	92
276 Bond St	0.05mi	4/2.0	1,712 (0%)	10mo	$475,000	$277	90
184 Pearl Harbor St	0.36mi	4/2.0	1,700 (-1%)	2mo	$445,000	$262	81
323 Pearl Harbor St	0.37mi	4/2.5	1,700 (-1%)	7mo	$450,000	$265	74
989 Pearl Harbor St	0.62mi	4/2.0	1,700 (-1%)	11mo	$550,000	$324	61
96 Manila Pl	0.60mi	4/3.0	1,812 (+6%)	8mo	$465,000	$257	52
54 Asylum St	0.49mi	5/3.0 (+1)	1,792 (+5%)	12mo	$560,000	$313	51
83 Berkeley Pl	0.69mi	5/2.0 (+1)	1,617 (-6%)	5mo	$475,000	$294	49
460 Stonybrook Rd	0.75mi	4/2.0	1,917 (+12%)	3mo	$525,000	$274	43

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: 3.7%
• Equity multiple: 1.14×
• Total profit: $13,109
• Equity at exit: $49,055

10-year hold

• IRR: 13.2%
• Equity multiple: 2.05×
• Total profit: $96,898
• Equity at exit: $28,446

Cash invested: $92,120 (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: 13.6×

Monthly cashflow live

• Estimated rent: $4,040 high
• Mortgage (P&I): −$1,725
• Tax from tax record: −$286 /mo · $3,433/yr
• Insurance: −$137
• HOA: −$0
• Vacancy / Maint / Mgmt: −$848
• Net cashflow: $1,043

Break-even live

Break-even rent $2,720

Max offer price $329,000

Occupancy floor 69%

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

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$4,040
Total (2 units)			$4,040

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: $82,250
• Closing costs: $9,870
• 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	0.09mi
144 Palisade Ave Bridgeport, CT	3.0	1.0	1096	$2,600	$2.37	44d	1	0.21mi
64 Velvet St Bridgeport, CT	3.0	1.0	1430	$2,500	$1.75	12d	1	0.33mi
335 Ridgefield Ave Bridgeport, CT	3.0	1.0	1400	$2,250	$1.61	3d	1	0.49mi
333 Ridgefield Ave Bridgeport, CT	3.0	1.0	1400	$2,250	$1.61	3d	1	0.49mi
292 Ridgefield Ave Unit 3 Bridgeport, CT	3.0	1.0	1792	$2,450	$1.37	44d	1	0.54mi
292 Ridgefield Ave Unit 2 Bridgeport, CT	4.0	1.0	1792	$2,650	$1.48	44d	1	0.54mi
479 Putnam St Unit 3R Bridgeport, CT	5.0	2.0	2000	$2,350	$1.18	19d	1	0.55mi
672 Brooks St Bridgeport, CT	4.0	1.0	1232	$3,300	$2.68	14d	1	0.61mi
75 Judson Pl Bridgeport, CT	3.0	1.5	1384	$2,850	$2.06	14d	1	0.62mi
1325 Pembroke St Unit 2nd Floor Bridgeport, CT	3.0	1.0	1600	$3,500	$2.19	44d	1	0.63mi
587 Brooks St Unit !st floor Bridgeport, CT	3.0	2.0	1500	$2,400	$1.60	44d	1	0.66mi
407 East Ave Bridgeport, CT	5.0	1.0	1720	$3,250	$1.89	3d	1	0.67mi
2048 E Main St Bridgeport, CT	4.0	2.0	2000	$3,000	$1.50	44d	1	0.67mi
530 Jane St Unit 2B Bridgeport, CT	3.0	2.0	2217	$3,400	$1.53	44d	1	0.71mi
53 Pixlee Pl Unit 2nd Bridgeport, CT	3.0	1.0	1475	$2,195	$1.49	3d	1	0.73mi
285 Clover St Unit 2 Stratford, CT	3.0	1.0	1152	$2,150	$1.87	44d	1	0.78mi
704 Maple St #704 Bridgeport, CT	3.0	1.5	1948	$2,700	$1.39	24d	1	0.82mi
545 Park St Bridgeport, CT	3.0	1.0	1176	$2,050	$1.74	44d	1	0.82mi
438 Park St Unit 1 Bridgeport, CT	3.0	1.0	1196	$2,900	$2.42	3d	1	0.83mi
172 Swanson Ave Stratford, CT	3.0	1.5	1495	$3,300	$2.21	3d	1	0.85mi
982 Pembroke St Unit 2L Bridgeport, CT	4.0	1.0	2043	$2,475	$1.21	3d	1	0.88mi
690 William St Unit 2 Bridgeport, CT	3.0	1.0	1746	$2,200	$1.26	24d	1	0.93mi
80 Huntington Rd Bridgeport, CT	3.0	1.0	1100	$2,300	$2.09	44d	1	0.94mi
279 Harriet St Bridgeport, CT	3.0	1.5	1392	$3,000	$2.16	24d	1	1.15mi
52-54 Ives Ct Bridgeport, CT	4.0	1.0	2092	$2,750	$1.31	44d	1	1.20mi
481 Hollister Ave Unit 2nd Bridgeport, CT	3.0	1.0	1250	$2,000	$1.60	24d	1	1.20mi
458 Hollister Ave Unit 2nd Bridgeport, CT	3.0	1.0	1100	$1,899	$1.73	44d	1	1.22mi
166 6th St Bridgeport, CT	3.0	1.0	1100	$2,300	$2.09	19d	1	1.23mi
588 E Main St Unit C Bridgeport, CT	3.0	1.0	1400	$2,475	$1.77	14d	1	1.25mi
415 Logan St Unit 2nd Floor Bridgeport, CT	3.0	1.0	1500	$2,000	$1.33	44d	1	1.26mi
136 Sherman St Unit 142 Bridgeport, CT	4.0	1.5	2116	$2,800	$1.32	3d	1	1.27mi
511 E Main St Bridgeport, CT	3.0	1.0	1100	$2,300	$2.09	44d	1	1.32mi
507 E Main St Bridgeport, CT	3.0	1.0	1120	$2,198	$1.96	44d	1	1.32mi
505 E Main St Bridgeport, CT	3.0	1.0	1120	$2,199	$1.96	44d	1	1.32mi
272 Davenport St Unit 2 Bridgeport, CT	4.0	1.0	1066	$2,200	$2.06	24d	1	1.34mi
272 Davenport St Unit 2 Bridgeport, CT	4.0	1.0	1066	$2,200	$2.06	14d	1	1.34mi
51 Indian Ave Unit 1546115P Bridgeport, CT	3.0	1.0	1388	$3,871	$2.79	12d	1	1.40mi
45-51 Cowles St Unit 45 Bridgeport, CT	3.0	1.0	1200	$2,550	$2.12	21d	1	1.40mi
45-51 Cowles St Unit 45 Bridgeport, CT	3.0	1.0	1200	$2,400	$2.00	3d	1	1.40mi

Listing history 20 events

1. 2026-04-25
   status Under Contract
2. 2026-04-20
   listed $329,000 Active
3. 2015-10-19
   soldstatus $56,000
4. 2015-10-15
   soldstatus $56,000 257-char remark

   Show marketing remark (257 chars)

   Call listing agent with any questions, solid two family current occupants are cooperative, rents could be a little higher, pretty good overall condition, some light carpentry and paint, sold as is where is. Proof of funds and or proper prequal is required .

5. 2015-09-14
   historical 257-char remark

   Show marketing remark (257 chars)

   Call listing agent with any questions, solid two family current occupants are cooperative, rents could be a little higher, pretty good overall condition, some light carpentry and paint, sold as is where is. Proof of funds and or proper prequal is required .

6. 2015-08-27
   listed $69,900 257-char remark

   Show marketing remark (257 chars)

   Call listing agent with any questions, solid two family current occupants are cooperative, rents could be a little higher, pretty good overall condition, some light carpentry and paint, sold as is where is. Proof of funds and or proper prequal is required .

7. 2012-04-17
   soldstatus $65,000
8. 2009-12-30
   soldstatus $85,000
9. 2008-02-15
   soldstatus $100,000
10. 2007-10-27
    listed $119,900
11. 2006-06-06
    soldstatus $240,000
12. 2006-06-06
    soldstatus $240,000
13. 2006-05-18
    soldstatus $190,000
14. 2006-05-10
    historical
15. 2006-01-23
    listed $180,000
16. 2005-04-28
    soldstatus $170,000
17. 2005-04-27
    soldstatus $179,000
18. 2005-03-02
    listed $179,000
19. 2001-07-16
    historical
20. 2001-02-16
    listed $79,900

ⓘ 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: $3,433 · $286/mo
• Projected year-2 tax: $5,237 · $436/mo
• Expected delta: +$1,804/yr (+$150/mo · 52.5%)

ⓘ 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: $48,480
• − Mortgage interest: −$18,429
• − Property taxes: −$3,433
• − Insurance: −$1,645
• − Repairs & maintenance: −$3,878
• − Management: −$3,878
• − Depreciation: −$9,571
• Taxable income: $7,645
• Est. tax owed @ 24.0%: −$1,835
• After-tax cash flow: $10,683/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

+311.8% since first listed

20 events — show timeline

• 2026-04-25 Pending — Smart MLS
• 2026-04-20 Listed $329,000 Smart MLS
• 2015-10-19 Sold (Public Records) $56,000 Public Records
• 2015-10-15 Sold (MLS) $56,000 Smart MLS
• 2015-09-14 Listing Removed — Smart MLS
• 2015-08-27 Listed $69,900 Smart MLS
• 2012-04-17 Sold (Public Records) $65,000 Public Records
• 2009-12-30 Sold (Public Records) $85,000 Public Records
• 2008-02-15 Sold (MLS) $100,000 Smart MLS
• 2007-10-27 Listed $119,900 Smart MLS
• 2006-06-06 Sold (Public Records) $240,000 Public Records
• 2006-06-06 Sold (Public Records) $240,000 Public Records
• 2006-05-18 Sold (Public Records) $190,000 Public Records
• 2006-05-10 Listing Removed — Smart MLS
• 2006-01-23 Listed $180,000 Smart MLS
• 2005-04-28 Sold (MLS) $170,000 Smart MLS
• 2005-04-27 Sold (Public Records) $179,000 Public Records
• 2005-03-02 Listed $179,000 Smart MLS
• 2001-07-16 Listing Removed — Smart MLS
• 2001-02-16 Listed $79,900 Smart MLS

Property tax history

-3.9%/yr

Latest (2023): $3,433 · +0.0% YoY. Source: county tax records.