A portfolio comprising three apartment properties on Caroline and Maple streets in Bridgeport’s East Side has been listed for sale by brokerage Horvath & Tremblay. The combined assets offer a total of 27 residential units encompassing more than 23,000 square feet of rentable living space on just over a third of an acre.
The properties include six three-bedroom, one-bath units; six two-bedroom, one-bath units; and 14 one-bedroom, one-bath units. Altogether, these amount to approximately 23,523 square feet of gross living area within 32,806 square feet of total building space. On-street parking is available for tenants, providing added convenience in the neighborhood.
Utility responsibilities are split between tenants and the landlord. Residents pay directly for gas heating, hot water, and individually metered electricity. The landlord covers city water and sewer services, which are also paid directly. Currently, the portfolio generates positive cash flow with a low expense ratio, supported by 22 of the 27 tenants participating in stable rental assistance programs.
Strategically positioned just minutes from downtown Bridgeport, these buildings offer easy access to key employment hubs, retail amenities, and transportation routes. The sites are connected to I-95 via nearby exits and enjoy direct routes to Route 8 and Route 25. This accessibility facilitates efficient north-south travel across Fairfield County and provides links to neighboring markets such as Stamford, New Haven, and the New York metropolitan area.