Six-Unit Apartment
For Sale
$1,850,000
Pending
113 Seaside, Stamford, CT 06902
Six separately metered units in a three-story building with basement storage and off-street parking.
Property Size4,752 SF
Days on Market94
Property Features for 113 Seaside
General Information
Standard status
Pending
Size
4,752 SF
Total Parking Spaces
10
Property subtype
5 Family+
Additional Details
Sprinkler System
Yes
Multifamily Units
6
Amenities
secure storage room in basement
sprinkler system in basement
remote controlled smoke and carbon monoxide thru out
Building Details
Year Built
1930
Stories
3
Tenancy
Multi
Listing Agency:
BHGRE Shore & Country
(203) 504-5005
Listed By:
Enrico Difilippo · License #RES.0790218
(914) 935-9370
Source:
Lockandkeyre
Added: Jul 21
Changed: Oct 21
Last Checked: Oct 20 at 10:47PM
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 BHGRE Shore & Country
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Investment Insights
Based on property information with market context.
This three-story, six-unit apartment building is well maintained and configured with four-room layouts in a railroad arrangement, with two apartments per floor. Each unit is separately metered for gas and electric, and tenants are responsible for heat, hot water, and electric. A secure storage room in the basement is provided for each tenant.
The building includes updated electrical meters and fuse panels. Boilers and hot water heaters were newly replaced within the last seven years. Fire protection features include a sprinkler system in the basement and remote-controlled smoke and carbon monoxide systems throughout, as approved by the fire department.
Off-street parking is available for approximately 10 cars. The property is described as within walking distance to Cove beach, with a bus stop across the street.
The building includes updated electrical meters and fuse panels. Boilers and hot water heaters were newly replaced within the last seven years. Fire protection features include a sprinkler system in the basement and remote-controlled smoke and carbon monoxide systems throughout, as approved by the fire department.
Off-street parking is available for approximately 10 cars. The property is described as within walking distance to Cove beach, with a bus stop across the street.
Key Highlights
- Three‑story 6‑family apartment building built in 1930
- All 6 apartments are 4 rooms in a railroad configuration, with 2 apartments per floor
- All units are separately metered for gas and electric (including heat and hot water)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,784
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,635,680
$1.6M
Cap Rate 7%
$1,168,343
$1.2M
Cap Rate 9%
$908,711
$908.7K
Market Conditions
NOI Build-Up for 4,752 SF
Gross rent
$158.5K $33.36/SF
− Vacancy
−$9.8K −$2.07/SF
EGI
$148.7K $31.29/SF
− OpEx
−$66.9K −$14.08/SF
NOI
$81.8K $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%
$1,635,680
Cap Rate 7%
$1,168,343
Cap Rate 9%
$908,711
Alternative Uses
Best Use
Apartment 5plus
$1.17M
$1.02M – $1.36M
NOI $81,784 @ 7.0% cap · market cap 4.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.72M
$1.50M – $2.00M
NOI $120,274 @ 7.0% cap · market cap 6.50%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
6
Residential units
Multi-tenant
Tenancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
800
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Six separately metered units in a three-story building with basement storage and off-street parking.
Where is this apartment building located?
The property is located at 113 Seaside Stamford, CT.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Three‑story 6‑family apartment building built in 1930; All 6 apartments are 4 rooms in a railroad configuration, with 2 apartments per floor; All units are separately metered for gas and electric (including heat and hot water)
