Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    266 Peace St Stratford, CT 06615

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Pending
    $849,000

    Four-unit property in prime Stratford location, fully rented.

    Lot size:
    0.14 Acres

    Property Features for 266 Peace St

    General Information

    Property type
    Multi Family
    Standard status
    Pending
    Lot size
    0.14 Acres

    Building Details

    Year built
    1941

    We can help!

    Listing Contact
    Torise Baker
    Source: Elliman

    Listing Agent: Torise Baker

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Stratford Multifamily Investment Opportunity

    This property features a four-unit dwelling, divided into a detached single-family house with two bedrooms and an additional three-family dwelling. The property is in good condition and fully rented with long-term tenants at below-market rates. Interior features include hardwood floors and stainless steel appliances. Located in a quiet area and street in a prime area of Stratford, the property is near schools, shopping, and a bus line. A coin laundry in the basement provides additional revenue and was recently replaced in 2025. With increased rents, the estimated revenue could reach $8,800 per month.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Stratford
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.1526577
    Latitude
    41.1900109

    Nearby Similar for Sale

    • $249,000

      Established Dry Cleaning Business Opportunity

      Successful dry cleaning business for sale in Stratford, Connecticut.
      3355 Main St, Stratford, CT 06614
      View Details
    • $799,900
      3,725 SF

      Stratford Multifamily Home Opportunity

      Well-kept multifamily home in Stratford, potential for immediate value increase.
      1867 Main St, Stratford, CT 06615
      View Details
    • New
      $1,685,500
      26,850 SF

      Stratford Medical/Professional Office Condos

      Investment portfolio featuring seven medical/professional office condos with upside potential.
      2900 Main St, Stratford, CT 06614
      View Details
    • $1,275,000
      5,482 SF

      Downtown Stratford Retail Property For Sale

      Prime retail property in Downtown Stratford's Transit District.
      2404 Main St, Stratford, CT 06615
      View Details
    • $599,000
      3,276 SF

      Main Street Office/Medical Building

      Office/Medical building with excellent location, access, and visibility.
      2184 Main St, Stratford, CT 06615
      View Details
    • $599,000

      Main Street Medical/Office Opportunity

      Versatile medical/office building near I-95, train, and amenities.
      2184 Main St, Stratford, CT 06615
      View Details
    • $249,900

      Medical Office Space For Sale

      Medical office space in attractive building with ample parking.
      2900 Main St, Stratford, CT 06614
      View Details
    • $669,000

      Commercial Space on Barnum Avenue

      Commercial space with high visibility and convenient access.
      2100 Barnum Ave, Stratford, CT 06615
      View Details
    • $389,000
      Pending

      Stratford Specialty Property For Sale

      Specialty property available for purchase in Stratford, Connecticut.
      216 Clover St, Stratford, CT 06614
      View Details
    • $575,000
      Pending

      Brewster Street Specialty Property

      Specialty property available for sale on Brewster Street.
      88 Brewster St, Stratford, CT 06614
      View Details
    • $424,900
      Pending

      Stratford Specialty Property For Sale

      Specialty property available for purchase in Stratford, Connecticut.
      700 Huntington Rd, Stratford, CT 06614
      View Details
    • $129,000
      907 SF

      First Floor Office Space

      907 SF office space in attractive building.
      2900 Main St, Stratford, CT 06614
      View Details

    FAQs

    What type of property is this?
    Quadplex - Four-unit property in prime Stratford location, fully rented.
    Where is this quadplex located?
    The property is located at 266 Peace St Stratford, CT.
    What is the asking price?
    The asking price for this property is $849,000.
    What are key features of this property?
    This property features: - Four units provide immediate rental income potential.; - Fully rented with long-term tenants.; - Potential to increase rents to approximately $8,800 per month.
    (203) 441-1812
    Request Owner's contact information
    266 Peace St Stratford, CT 06615
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    266 Peace St
    Stratford, CT 06615
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    266 Peace St Stratford, CT 06615
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Torise Baker
    (203) 441-1812 (203) 449-8327
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!