Stamford Multifamily Property For
121 Lockwood Avenue, Stamford, CT 06902
Six-unit multifamily property in Stamford's Cove neighborhood with value-add potential.
Type:Multifamily
Property size:
5,410 SFLot size:
0.34 AcresPrice / SF:
$387/SF- Added:
- May 12, 2026
- Days on Market:
- 20
- Last Refresh:
- May 14 at 9:33 pm
Property Features for 121 Lockwood Avenue
General Information
- Standard status
- Active
- Size
- 5,410 SF
- Lot size
- 0.34 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1953
Listing agent Matt Cawley License #REB.0791595
Listing office National Multifamily
Listing date May 12, 2026
Source Crexi
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 National Multifamily
HighLights
- Value‑add opportunities through apartment renovations, parking fees, basement storage rental, and potential rear lot development.
- Located just 1.4 miles from Stamford Train Station, a major transit hub.
- Oversized 0.34‑acre lot featuring a sizeable backyard and 10 off‑street parking spaces.
- Six residential units: (1) 3‑bedroom, (2) 2‑bedroom, (3) 1‑bedroom.
- Steady rental income from two Section 8 tenants.
- Tenants pay for their own heat and hot water.
Overview
Located in the Cove neighborhood of Stamford, CT, 121 Lockwood Avenue is a 6-unit multifamily property. Constructed in 1953, the 2.5-story building encompasses 5,410 rentable square feet. The property is situated approximately 1.4 miles from the Stamford Train Station, a regional transit hub with Metro-North, Amtrak, and bus services. The building sits on a 0.34-acre lot and includes 10 off-street parking spaces in the rear, along with a large backyard. The unit mix consists of one three-bedroom unit, two two-bedroom units, and three one-bedroom units. Two units are currently rented to Section 8 tenants, providing consistent rental income. Tenants are responsible for heat and hot water, which is supplied by individual gas boilers and hot water heaters located in the basement. Value-add opportunities include renovating existing apartments, charging for parking, exploring rental of the walkout basement for storage, and consulting with a land-use attorney about potential construction at the rear of the lot. The property is intended for multifamily residential use.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Stamford
- County
- Fairfield
- State
- Connecticut
- Longitude
- -73.5219977
- Latitude
- 41.0520048
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Six-unit multifamily property in Stamford's Cove neighborhood with value-add potential.
Where is this apartment building located?
The property is located at 121 Lockwood Avenue Stamford, CT.
What is the asking price?
The asking price for this property is $2,095,000.
What are key features of this property?
This property features: Value‑add opportunities through apartment renovations, parking fees, basement storage rental, and potential rear lot development.; Located just 1.4 miles from Stamford Train Station, a major transit hub.; Oversized 0.34‑acre lot featuring a sizeable backyard and **10 off‑street parking spaces**.
