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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
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
Moderately walkable
70/100
Very drivable
80/100
Good public transit
60/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
BRID-001023-000005
Land Assessment
$59,312 CAD
Improvements Assessment
$378,943 CAD
Total Assessment
$438,255 CAD
  • Listing ID: 40329587

  • Date on Market: 2026-04-29

  • Last Updated:

  • Address: 247 Madison Ave, Bridgeport, CT 06604

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