BRIDGEPORT – The owner of a multifamily, two building apartment complex has listed the property for sale, according to the broker Horvath & Tremblay. They are seeking $975,000.
The two homes – 245 Madison Ave. and 247 Madison Ave. – were last appraised for $963,000 in 2025, according to city property records. It has been owned by 245-247 Madison Ave. LLC of Stratford since 2002.
The 7,846-square-foot, four-family apartments contain 6 units, 18 bedrooms, 6.5 bathrooms and 2 garages, according to the offering memorandum from Horvath & Tremblay.
The memorandum lists effective gross revenue of $108,870 and net operating revenue of $58,980, or $9,830 per unit. Four of the units are on month-to-month leases while other two expire on April 30 and Oct. 31, respectively.
The property benefits from proximity to several of the city’s largest employment anchors, including Bridgeport Hospital and St. Vincent’s Medical Center, the two largest employers in the city, along with financial services presence such as M&T Bank and a broader base of healthcare, manufacturing, and service sector jobs that collectively form the backbone of the local economy.
Ongoing economic development initiatives, supported by organizations such as Bridgeport Economic Development Corp., continue to drive investment and revitalization across the city, particularly within waterfront redevelopment zones and transit-oriented districts, according to Horvath & Tremblay.
Ethan Cole is the broker of record for the listing.
