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    Property profile & analytics

    240-242 Madison Ave Bridgeport, CT 06604

    • Residential income homes
    • 5,848 SF
    • 0.12 lot acres
    OFF-MARKET
    Value Estimation
    $400,000
    Location Intelligence
    Property ID
    US15-0281546
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Residential income homes

    Property Details for 240-242 Madison Ave

    Year built
    1896
    Lot size
    0.12 lot acres
    Property size
    5,848 SF
    Zone code
    MUP
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    BRID M:41 B:1022 L:3
    APU
    BRIDM41B1022L3

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $345,000

    • CAP approach

      CAP return
      Estimation
      6%
      $420,000
      6.5%
      $465,000
      7%
      $430,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $520,000
      Geo Method
      $520,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $505,000
      Retail
      $505,000
      Mixed-Use
      $535,000
      Hospitality
      $415,000
      Educational
      $490,000
      Residential Income
      $520,000
      Energy
      $435,000
      Income-Based Land
      $485,000
      Food Service
      $395,000

    Location Insight

    • Map
    • Local Demand
    City
    Bridgeport
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.1971
    Latitude
    41.1872
    CBSA code
    14860
    CBSA name
    BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $10,851
    $41,690
    $208,050
    $249,740
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $540,000
      3,762 SF

      200-202 Harral Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,762 SF
      200-202 Harral Ave, Bridgeport, CT 06604
      View Details
    • Value Estimation
      $380,000
      2,390 SF

      56 Calhoun Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,390 SF
      56 Calhoun Ave, Bridgeport, CT 06604-3172
      View Details
    • Value Estimation
      $235,000
      3,013 SF

      197-199 Ctr St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,013 SF
      197-199 Ctr St, Bridgeport, CT 06604
      View Details
    • Value Estimation
      $395,000
      6,719 SF

      40-42 Ctr St

      APARTMENT HOUSE (UNDER 5 UNITS) • 6,719 SF
      40-42 Ctr St, Bridgeport, CT 06604
      View Details
    • Value Estimation
      $580,000
      6,890 SF

      48 Ctr St, Unit 54

      APARTMENT HOUSE (UNDER 5 UNITS) • 6,890 SF
      48 Ctr St, Bridgeport, CT 06604-3341
      View Details
    • Value Estimation
      $295,000
      5,983 SF

      65 Ctr St, Unit 73

      APARTMENT HOUSE (UNDER 5 UNITS) • 5,983 SF
      65 Ctr St, Bridgeport, CT 06604-3312
      View Details

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    Similar Nearby for Lease

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      Well-maintained one-bedroom apartment with modern layout and abundant natural light.
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      Freshly painted, clean one-bedroom apartment available for rent now.
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    • $1,900 /Mo

      First-Floor Two-Bedroom Apartment Available

      Move-in ready, bright, and clean two-bedroom apartment for rent.
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      View Details
    • $3,000 /Mo

      Remodeled Apartment with Four Bedrooms

      Recently remodeled four-bedroom apartment with two bathrooms available for rent.
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    • $1,600 /Mo

      Modern One Bedroom Apartment

      Bright, modern one bedroom apartment available for rent now.
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      View Details
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    240-242 Madison Ave
    Bridgeport, CT 06604
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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