Log In/Sign Up
Your email has been sent.
247 Madison Ave
Bridgeport, CT 06604
245-247 Madison Ave · Multifamily Property For Sale
·
6 Units
Investment Highlights
- Access & Connectivity
- Nearby Higher Education
- Off-Street Parking
- Area Amenities & Demand Drivers
- Separate Utilties
- Strong Rental Demographics & Demand
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 245-247 Madison Ave in Bridgeport, CT (the “Property”). The two-story building contains two (2) 5-Bedroom/1-Bathroom units, one (1) 3-Bedroom/1.5-Bathroom unit, two (2) 2-Bedroom/1-Bathroom units, and one (1) 1-Bedroom/1-Bathroom unit in 7,846 square feet of gross living area in 11,185 square feet of gross area. The Property is situated upon a 0.19-acre parcel and features off street parking via two (2) garages on-site. 245–247 Madison Avenue is well-positioned within Bridgeport, offering strong access to the city’s downtown core, neighborhood retail corridors, and surrounding residential neighborhoods. The property benefits from convenient connectivity to major local thoroughfares including Main Street and Park Avenue, as well as close proximity to Interstate 95 and Route 8, providing efficient regional access throughout Connecticut and into the broader Northeast corridor.
Property Facts Under Contract
| Price Per Unit | $162,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 6.05% | Building Size | 11,185 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1918 |
| Apartment Style | Low-Rise | Parking Ratio | 0.18/1,000 SF |
| Zoning | RC | ||
| Price Per Unit | $162,500 |
| Sale Type | Investment |
| Cap Rate | 6.05% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 11,185 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1918 |
| Parking Ratio | 0.18/1,000 SF |
| Zoning | RC |
Property Taxes
| Parcel Number | BRID-001023-000005 | Improvements Assessment | $277,220 |
| Land Assessment | $43,390 | Total Assessment | $320,610 |
Property Taxes
Parcel Number
BRID-001023-000005
Land Assessment
$43,390
Improvements Assessment
$277,220
Total Assessment
$320,610
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
