Corner-Lot Quadplex with Office
1845 Summer Street Stamford, CT 06905
For Sale
Under Contract
$1,365,000
MULTI_FAMILY - Stamford, CT
Property Size3,924 SF
Lot Size0.10 Acres
Price / SF$347.86
Days on Market222
Property Features for 1845 Summer Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- CL
- Bedrooms
- 9
- Bathrooms
- 5
- Rooms
- Bathroom 5, Bedroom 6, Bedroom 7, Bathroom 2, Bedroom 8, Bathroom 3, Bedroom 4, Bedroom 5, Bedroom 2, Bedroom 3, Bathroom 4, Bedroom 9, Bedroom 1, Basement, Bathroom 1
- Basement
- Unfinished, Full
- Standard status
- Active Under Contract
- Size
- 3,924 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 10239
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1910
- Architectural style
- Other
Listing Agency:
Realty ONE Group Connect
(203) 590-1111
Listed By:
Monica Osorio · License #RES.0788735
(203) 943-8831
Added: Dec 13, 2025
Changed: Jul 23
Last Checked: Jul 23 at 2:06PM
MLS# 24126987
Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This corner-lot quadplex offers four total units, with three units configured as residential/income-producing space and one unit currently configured and used as office space. The building includes a major capital improvement already completed, with the roof replaced this year.
Situated along Summer Street, the property is positioned for visibility and accessibility from the street. The location is described as providing easy access to downtown Stamford, with proximity to shopping and public transit.
The asset is listed under CL zoning and is set on a manageable lot, supporting an investor-friendly configuration with both residential and office components within the same building.
Situated along Summer Street, the property is positioned for visibility and accessibility from the street. The location is described as providing easy access to downtown Stamford, with proximity to shopping and public transit.
The asset is listed under CL zoning and is set on a manageable lot, supporting an investor-friendly configuration with both residential and office components within the same building.
Key Highlights
- Corner‑lot building at 1845 Summer Street with 4 total units
- Mixed‑use setup: 3 residential income units plus 1 unit configured for office space
- Roof replaced this year
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $115.4k | $29.40 |
| − Vacancy | −$7.5k | −$1.91 |
| EGI | $107.9k | $27.49 |
| − OpEx | −$32.4k | −$8.25 |
| NOI | $75.5k | $19.24 |
3,924 SF · lease $29.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.08M
$943.8K – $1.26M
NOI $75,507 @ 7.0% cap · market cap 5.53%
Second Best
Apartment 5plus
$964.8K
$844.2K – $1.13M
NOI $67,534 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$1.42M
$1.24M – $1.66M
NOI $99,317 @ 7.0% cap · market cap 7.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Par Enterprises Inc
Insurance Agency
FAQs
What type of property is this?
Quadplex - Four-unit corner-lot property with three residential units and one office unit; roof replaced this year.
Where is this quadplex located?
The property is located at 1845 Summer Street Stamford, CT.
What is the asking price?
The asking price for this property is $1,365,000.
What are key features of this property?
This property features: Corner‑lot building at 1845 Summer Street with 4 total units; Mixed‑use setup: 3 residential income units plus 1 unit configured for office space; Roof replaced this year
