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245-247 Madison Ave 247 Madison Ave 6 Unit Apartment Building $1,324,801 CAD ($220,800 CAD/Unit) 6.05% Cap Rate Bridgeport, CT 06604



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
| Price | $1,324,801 CAD | Building Class | C |
| Price Per Unit | $220,800 CAD | Lot Size | 0.19 AC |
| Sale Type | Investment | Building Size | 11,185 SF |
| Cap Rate | 6.05% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1918 |
| Property Subtype | Apartment | Parking Ratio | 0.18/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RC | ||
| Price | $1,324,801 CAD |
| Price Per Unit | $220,800 CAD |
| 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 |
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Moderately walkable
70/100
Very drivable
80/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | BRID-001023-000005 | Improvements Assessment | $378,943 CAD |
| Land Assessment | $59,312 CAD | Total Assessment | $438,255 CAD |
Property Taxes
Parcel Number
BRID-001023-000005
Land Assessment
$59,312 CAD
Improvements Assessment
$378,943 CAD
Total Assessment
$438,255 CAD
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245-247 Madison Ave | 247 Madison Ave
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