Multifamily Property with Two
For Sale
Contact for pricing
Pending
245-247 Madison Avenue, Bridgeport, CT 06604
Two-building multifamily with separate electrical metering, landlord-paid water and sewer, and two on-site garages.
Property Size11,185 SF
Days on Market132
Property Features for 245-247 Madison Avenue
General Information
Standard status
Pending
Size
11,185 SF
Property subtype
Multifamily
Occupancy
100%
Investment Type
Value Add
Additional Details
Highway Access
Yes
Building Details
Year Built
1918
Buildings
2
Units
2
Listing Agency:
Horvath & Tremblay
Listed By:
Dennis Kelleher · License #MA 9504385
(781) 776-4002
Source:
Crexi
Added: Apr 29
Changed: Aug 8
Last Checked: Jul 25 at 3:28PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Horvath & Tremblay
Investment Insights
Based on property information with market context.
245–247 Madison Avenue in Bridgeport, CT is a two-building multifamily property configured for tenant-paid utilities with landlord-paid city services. Tenants are responsible for gas-powered heat and hot water, as well as gas-powered cooking utilities. All units are separately metered for electricity, which tenants pay directly, with the owner covering one of the meters at 247 Madison Ave (rear building) due to the limited number of electric meters and use of the garages. The landlord is responsible for providing city water and sewer to all units.
The property benefits from strong local employment and commuting access. It is near major healthcare employers including Bridgeport Hospital and St. Vincent’s Medical Center, and is connected to the highway system with easy access to I-95 and surrounding arterials. Rail access is available via Metro-North through the Bridgeport station.
The asset includes on-site off-street parking with two garages and offers an additional income angle through lease-up of two private garage bays that will be delivered vacant.
The property benefits from strong local employment and commuting access. It is near major healthcare employers including Bridgeport Hospital and St. Vincent’s Medical Center, and is connected to the highway system with easy access to I-95 and surrounding arterials. Rail access is available via Metro-North through the Bridgeport station.
The asset includes on-site off-street parking with two garages and offers an additional income angle through lease-up of two private garage bays that will be delivered vacant.
Key Highlights
- Two‑building multifamily at 245–247 Madison Avenue, built in 1918
- Gas‑powered heat & hot water and gas cooking are tenant‑paid; electricity is separately metered (tenants pay)
- Landlord pays city water & sewer to all units; owner also pays one electric meter at 247 Madison Ave (rear building)
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,900
Businesses Nearby
Explore this area
Business Placement
Demographics for 06604, CT
30,003
Population
12,972
Households
2.3
Avg Household Size
35
Median Age
29%
College-Educated
74%
High-School Grad
3.2 sq mi
ZIP Area
9,376
Density / Sq Mi
$45,794
Median Household Income
$34,706
Median Earnings
$1,419
Median Rent
$231,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Two-building multifamily with separate electrical metering, landlord-paid water and sewer, and two on-site garages.
Where is this multifamily property located?
The property is located at 245-247 Madison Avenue Bridgeport, CT.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Two‑building multifamily at 245–247 Madison Avenue, built in 1918; Gas‑powered heat & hot water and gas cooking are tenant‑paid; electricity is separately metered (tenants pay); Landlord pays city water & sewer to all units; owner also pays one electric meter at 247 Madison Ave (rear building)
