247 Madison Ave - Apartments FOR SALE


Bridgeport, CT 06604- The Hollow
$975,000 USD
203-486-9040
247 Madison Ave, Bridgeport, CT for Sale
$975,000 USD
Apartments - FOR SALE
1/9
null | 6.05% Cap Rate

247 Madison Ave
Bridgeport, CT 06604
The Hollow


HIGHLIGHTS

  • Access & Connectivity
  • Area Amenities & Demand Drivers
  • Nearby Higher Education
  • Separate Utilties
  • Off-Street Parking
  • Strong Rental Demographics & Demand

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$975,000 USD

PRICE/SF

$87 USD /SF

# OF UNITS

6

PRICE/UNIT

$162,500

CAP RATE

6.05%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

245-247 Madison Ave

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1918

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

RC

APN/PARCEL ID

BRID-001023-000005

ASK ABOUT THIS PROPERTY

Stavros FilippidisHorvath & TremblayMore Info
203-486-9040

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Stavros FilippidisHorvath & TremblayMore Info
203-486-9040

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.