Multifamily Property with Detached
New
For Sale
$975,000
109 Oaklawn Avenue, Stamford, CT 06905
Multi-Family For Sale, Units on different Floors, Stamford, CT
Property Size3,167 SF
Lot Size0.13 Acres
Price / SF$307.86
Days on Market3
Property Features for 109 Oaklawn Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R75
Bedrooms
6
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 1, Bathroom 4, Basement, Bedroom 5, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 3, Bedroom 6, Bedroom 3, Bathroom 2
Parking
6
Exterior features
Sidewalk,Gutters
Fireplace
1
Basement
Partially Finished, Sump Pump, Full
Lot features
Level Lot
Elementary school
Newfield
High school
Stamford
Directions
Oaklawn Ave between Jamroga Ln and Clifford Ave. May park in driveway or on Jamroga Ave.
Subdivision
Bull's Head
Standard status
Active
Size
3,167 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
10542
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Hot Water(Heating), Zoned
Cooling system
Window Unit(s)
Water source
Public
Amenities
in-unit washer/dryer
Building Details
Year built
1920
Architectural style
Other
Listing Agency:
Higgins Group Real Estate
(203) 254-9000
Listed By:
Brian Appel
(646) 284-2617
Added: Oct 6
Changed: Oct 8
Last Checked: Oct 8 at 3:06PM
MLS# 24212226
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.
The 3,167-square-foot multifamily property contains two principal apartments and an in-law studio, with all three spaces leased through mid-2027. The first apartment has three bedrooms, one and a half baths, a living room and an eat-in kitchen; the second has three bedrooms and one full bath. The studio includes a kitchen and renovated full bath. Updates include new flooring and paint throughout, in-unit laundry in the two larger apartments, and replacement high-efficiency wall units for heat and hot water. A partially finished, heated basement has separate side and rear entrances, plumbing and laundry connections; its potential for another unit requires due diligence.
The 0.13-acre parcel has a level backyard, an oversized driveway and a detached two-car garage. The property is served by public water and sewer and is zoned R75. Rent includes heat, hot water, gas, water, garbage, snow removal, grounds and exterior maintenance; use of the garage is included with the first apartment.
The 0.13-acre parcel has a level backyard, an oversized driveway and a detached two-car garage. The property is served by public water and sewer and is zoned R75. Rent includes heat, hot water, gas, water, garbage, snow removal, grounds and exterior maintenance; use of the garage is included with the first apartment.
Key Highlights
- 3,167‑square‑foot multifamily property with three leased living spaces
- Two principal apartments plus an in‑law studio; leases run through mid‑2027
- Detached 2‑car garage and oversized driveway
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.
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
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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Cap Rate, Value Estimation, Potential NOI and more
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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 detached garage and a separately configured studio apartment.
Where is this multifamily property located?
The property is located at 109 Oaklawn Avenue 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: 3,167‑square‑foot multifamily property with three leased living spaces; Two principal apartments plus an in‑law studio; leases run through mid‑2027; Detached 2‑car garage and oversized driveway
