Updated Multifamily
New
For Sale
$975,000
109 Oaklawn Ave, Stamford, CT 06905
Three leased living spaces include a studio and two larger apartments, with a detached garage and on-site parking.
Property Size3,167 SF
Days on Market7
Property Features for 109 Oaklawn Ave
General Information
Standard status
Active
Size
3,167 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 3BR/1.5BA, 1 x 3BR/1BA, 1 x Studio/1BA
Multifamily Units
3
Amenities
in-unit washers/dryers
Building Details
Building Size
3,167 SF
Year Built
1920
Listing Agency:
Higgins Group Real Estate
Listed By:
Brian Appel
(646) 284-2617
Source:
Elliman
Added: Oct 7
Changed: Oct 10
Last Checked: Oct 12 at 7:34PM
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 Higgins Group Real Estate
Investment Insights
Based on property information with market context.
This Stamford multifamily property contains two three-bedroom apartments and a studio. The first apartment has 1.5 baths, an eat-in kitchen, a living room and a primary bedroom with an en-suite half bath; the second has one full bath. The studio has a new kitchen and renovated full bath. New flooring and fresh paint extend across the units, and the first two apartments have in-unit washers and dryers. Updated mechanicals include high-efficiency on-demand wall units for the boiler and hot water. A partially finished, heated basement has plumbing, laundry and separate side and rear entrances. Outside, the property has a level backyard, an oversized driveway and a detached two-car garage.
All three units are leased through mid-2027. The leases include heat, hot water, gas, water, garbage, snow removal, grounds and exterior maintenance; the first unit also has garage use. The property is at 109 Oaklawn Ave in Stamford, with reported Walk Score 94, Bike Score 76 and Transit Score 67.
All three units are leased through mid-2027. The leases include heat, hot water, gas, water, garbage, snow removal, grounds and exterior maintenance; the first unit also has garage use. The property is at 109 Oaklawn Ave in Stamford, with reported Walk Score 94, Bike Score 76 and Transit Score 67.
Key Highlights
- Two three‑bedroom apartments plus a studio
- First apartment offers 1.5 baths; second has one full bath, and the studio has a renovated full bath
- Units 1 and 2 have in‑unit washers and dryers; all units have new flooring and fresh paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,505
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,090,100
$1.1M
Cap Rate 7%
$778,643
$778.6K
Cap Rate 9%
$605,611
$605.6K
Market Conditions
NOI Build-Up for 3,167 SF
Gross rent
$105.7K $33.36/SF
− Vacancy
−$6.6K −$2.07/SF
EGI
$99.1K $31.29/SF
− OpEx
−$44.6K −$14.08/SF
NOI
$54.5K $17.21/SF
Area
Stamford, CT
Vacancy
6.20%
Lease Rate
$33.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,090,100
Cap Rate 7%
$778,643
Cap Rate 9%
$605,611
Alternative Uses
Best Use
Apartment 5plus
$778.6K
$681.3K – $908.4K
NOI $54,505 @ 7.0% cap · market cap 5.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,157 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
603
Businesses Nearby
Explore this area
Business Placement
Demographics for 06905, CT
21,809
Population
8,726
Households
2.5
Avg Household Size
39
Median Age
62%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
4,276
Density / Sq Mi
$132,730
Median Household Income
$70,273
Median Earnings
$2,330
Median Rent
$608,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Three leased living spaces include a studio and two larger apartments, with a detached garage and on-site parking.
Where is this multifamily property located?
The property is located at 109 Oaklawn Ave Stamford, CT.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Two three‑bedroom apartments plus a studio; First apartment offers 1.5 baths; second has one full bath, and the studio has a renovated full bath; Units 1 and 2 have in‑unit washers and dryers; all units have new flooring and fresh paint
