Map of Property

Hollister Avenue Apartments

For Sale

217 Hollister Ave, Bridgeport, CT 06607

This Bridgeport property for sale is located at 217 Hollister Ave. The current listed sale price for Hollister Avenue Apartments is $3,275,000. Hollister Avenue Apartments is situated on a lot that is 0.36 acre in size.

Contacts

broker
Rich Edwards

Northeast Private Client Group

Property Details

  • Property Type Multi-Family
  • Property Size 16,030 SF
  • Units 25
  • Lot Size 0.36 Acre
  • Year Built 1970
  • Date Updated Apr 22, 2025
Bridgeport is conveniently located at the confluence of Interstate 95, Route 5-15/Merritt Parkway & Connecticut Route 8, providing ease of access to Employment Centers of New Haven, Shelton, Norwalk, and Stamford and a diversity of employment sectors: health care, life science, financial services, education, aerospace, logistics, and advanced manufacturing. The Bridgeport Metro-North train station, which will take commuters to Norwalk in ±30 minutes; Stamford in ±35 minutes, and Grand Central Station in NYC in ±87 minutes is located in downtown Bridgeport, just a few minutes’ drive from the properties in the portfolio.Northeast Private Client Group is pleased to exclusively present for sale 217 Hollister Avenue, a twenty-five (25) unit apartment building located at 217 Hollister Avenue, Bridgeport CT 06607. Constructed in 1970, the property consists of twenty-five (25) free market 1BR/1BA apartments across 16,030 sf of living area atop 0.36 acres in the East End neighborhood of Bridgeport CT. The property features tenant paid utilities, ample off-street parking including four covered spaces, and an on-site laundry facility. 217 Hollister Avenue provides investors with the opportunity to immediately implement a proven value-add strategy that’s already been executed on several comparable buildings within the Bridgeport market. Currently, rents sit 30% below market with an average rent of $1,090/month while market comparables prove that a new owner can achieve an average market rent of $1,550+ with light apartment renovations and a more aggressive leasing strategy.
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Highlights

  • Twenty-Five (25) 1-bedroom/1-bath apartments | 100% Market Rate
  • 1970 Brick Construction
  • Tenant Paid Electric Heat and Hot Water
  • Majority of Apartments Have Been Renovated During the Current Ownership
  • Ample Off-Street Parking, On-Site Laundry Facility
  • Prime Commuter Location, Strong Local Employment Base
  • Strong Value Add Opportunity
  • Current Rents Sit 30% Below Market – Opportunity for a More Aggressive Leasing Strategy to Significantly Increase Current Rents Across All Units with a Further Premium of $450/month+ on Renovated Apartments
  • Opportunity to Monetize Parking
  • Proof of Concept Across Comparable Bridgeport Apartment Buildings

Getting around

  • 56/100

    Walk Score ®

  • 40/100

    Transit Score ®

  • 62/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Bridgeport, CT
  • Neighborhood East End Bridgeport
  • Zip Code 06607
  • Market Bridgeport New Haven

Points of Interest

  • Connecticut Transportation Solutions, LLC

    3.16 miles

  • Fairfield Metro

    4.06 miles

  • Green's Farms

    8.89 miles

  • BP

    1.12 miles

  • Citgo

    1.22 miles

  • Hess

    1.25 miles

  • Cumberland Farms

    1.64 miles

  • Xtra Fuels

    1.78 miles

  • Mobil

    1.95 miles

  • Gulf

    1.97 miles

  • Shell

    2.11 miles

  • Exxon

    2.13 miles

  • Stratford Square

    2.46 miles

  • Connecticut Park and Ride

    0.37 miles

  • Pleasure Beach Parking Lot

    0.77 miles

  • Great Meadows Trail Parking

    1.09 miles

  • Bridgeport Municipal Garage

    1.44 miles

  • Short Beach Park Parking

    2.82 miles

  • Jennings Beach Parking

    4.72 miles

  • Quality Suites

    1.26 miles

  • Holiday Inn

    1.46 miles

  • Devon Motel

    4.02 miles

  • Marriott

    4.05 miles

  • Black Rock Inn

    4.13 miles

  • Residence Inn Milford

    4.28 miles

  • SpringHill Suites Milford

    4.35 miles

  • Red Roof Inn Milford

    4.40 miles

  • Fairfield Circle Inn

    4.67 miles

  • Hampton Inn

    5.38 miles

  • C-Town

    1.22 miles

  • Checkers

    1.41 miles

  • Price Rite

    2.08 miles

  • Fallas

    2.11 miles

  • Nature's Way Health Foods

    2.17 miles

  • Key Food

    2.26 miles

  • Save-A-Lot

    2.30 miles

  • Burlington

    2.31 miles

  • Marshalls

    2.45 miles

  • Food Bazaar

    2.62 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Rich Edwards

Northeast Private Client Group

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