Legal Three-Family Home with
New
For Sale
$998,000
101 Webb Avenue, Stamford, CT 06902
Legally certified multifamily property with separate utility metering and flexible basement space.
Property Size1,957 SF
Price / SF$290.37
Days on Market6
Property Features for 101 Webb Avenue
General Information
Standard status
Active
Size
1,957 SF
Total Parking Spaces
3
Property subtype
3 Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 3BR/2BTH + den, 1 x 2BR/1BTH, 1 x 1BR/1BTH
Multifamily Units
3
Building Details
Building Size
1,957 SF
Year Built
1957
Buildings
2
Listing Agency:
Berkshire Hathaway NE Prop.
(203) 822-4447
Listed By:
G.R. Schwamm
(203) 822-4447
Source:
Iverty
Added: Aug 24
Changed: Aug 28
Last Checked: Aug 28 at 11:16AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway NE Prop.
Investment Insights
Based on property information with market context.
This legally certified three-family property includes a 3BR/2BTH main-level residence with a den, plus two upper-level apartments configured as 2BR/1BTH and 1BR/1BTH. The residences offer spacious rooms and wood flooring, with separate gas and electric meters; the 1BR apartment is fully electric. A basement provides additional office, workshop, or storage area, while the detached oversized three-car garage adds functional space for vehicles, equipment, or storage. The home was built in 1957 and carries R5 zoning.
The property is located at 101 Webb Avenue in Stamford, within walking distance of Cove Island Park, the beach, marina, harbor, and skating rink. Downtown Stamford, the train station, and I-95 are minutes away. Roof replacements include the home in 2022 and the garage in 2021.
The property is located at 101 Webb Avenue in Stamford, within walking distance of Cove Island Park, the beach, marina, harbor, and skating rink. Downtown Stamford, the train station, and I-95 are minutes away. Roof replacements include the home in 2022 and the garage in 2021.
Key Highlights
- Legally certified three‑family property with 3BR/2BTH, 2BR/1BTH, and 1BR/1BTH residences
- Detached oversized three‑car garage
- Separate gas and electric meters; the 1BR unit is all electric
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$66,136
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.63%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,322,720
$1.3M
Cap Rate 7%
$944,800
$944.8K
Cap Rate 9%
$734,844
$734.8K
Market Conditions
NOI Build-Up for 3,437 SF
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.
Gross rent
$101.0K $29.40/SF
− Vacancy
−$6.6K −$1.91/SF
EGI
$94.5K $27.49/SF
− OpEx
−$28.3K −$8.25/SF
NOI
$66.1K $19.24/SF
Area
Stamford, CT
Vacancy
6.50%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,322,720
Cap Rate 7%
$944,800
Cap Rate 9%
$734,844
Alternative Uses
Best Use
Multifamily LT 5
$944.8K
$826.7K – $1.10M
NOI $66,136 @ 7.0% cap · market cap 6.63%
Second Best
Apartment 5plus
$845.0K
$739.4K – $985.9K
NOI $59,152 @ 7.0% cap · market cap 5.93%
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $86,991 @ 7.0% cap · market cap 8.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
800
Businesses Nearby
Explore this area
Business Placement
Demographics for 06902, CT
69,192
Population
30,142
Households
2.3
Avg Household Size
36
Median Age
44%
College-Educated
85%
High-School Grad
10.0 sq mi
ZIP Area
6,919
Density / Sq Mi
$92,527
Median Household Income
$48,285
Median Earnings
$2,139
Median Rent
$515,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Legally certified multifamily property with separate utility metering and flexible basement space.
Where is this triplex located?
The property is located at 101 Webb Avenue Stamford, CT.
What is the asking price?
The asking price for this property is $998,000.
What are key features of this property?
This property features: Legally certified three‑family property with 3BR/2BTH, 2BR/1BTH, and 1BR/1BTH residences; Detached oversized three‑car garage; Separate gas and electric meters; the 1BR unit is all electric
