Residential Income Property with
New
For Sale
$904,999
144 Colonial, Stamford, CT 06906
Units occupy different floors, with a paved driveway serving the property.
Property Size1,920 SF
Price / SF$471.35
Days on Market4
Property Features for 144 Colonial
General Information
Standard status
Active
Size
1,920 SF
Property subtype
2 Family
Building Details
Year Built
1890
Listing Agency:
Welcome Home Realty, LLC
(203) 761-6757
Listed By:
Luana Maruca · License #REB.0755128
(203) 515-9495
Source:
Lockandkeyre
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 14 at 11:17PM
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 Welcome Home Realty, LLC
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Investment Insights
Based on property information with market context.
This residential income property at 144 Colonial Road in Stamford contains 2,880 square feet. The building dates to 1890 and has units on separate floors, a balcony, and a paved asphalt driveway. Interior features include window air-conditioning units, natural gas hot-water heating, a gas water heater, and a full concrete basement with storage space.
The property is zoned R6 and is located in Fairfield County.
The property is zoned R6 and is located in Fairfield County.
Key Highlights
- 2,880 square feet in an 1890 building
- R6 zoning
- Units located on different floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,044
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$660,880
$660.9K
Cap Rate 7%
$472,057
$472.1K
Cap Rate 9%
$367,156
$367.2K
Market Conditions
NOI Build-Up for 1,920 SF
Gross rent
$64.1K $33.36/SF
− Vacancy
−$4.0K −$2.07/SF
EGI
$60.1K $31.29/SF
− OpEx
−$27.0K −$14.08/SF
NOI
$33.0K $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%
$660,880
Cap Rate 7%
$472,057
Cap Rate 9%
$367,156
Alternative Uses
Best Use
Apartment 5plus
$472.1K
$413.1K – $550.7K
NOI $33,044 @ 7.0% cap · market cap 3.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$694.2K
$607.5K – $809.9K
NOI $48,596 @ 7.0% cap · market cap 5.37%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,321
Businesses Nearby
Explore this area
Business Placement
Demographics for 06906, CT
9,902
Population
3,727
Households
2.7
Avg Household Size
38
Median Age
47%
College-Educated
80%
High-School Grad
1.3 sq mi
ZIP Area
7,617
Density / Sq Mi
$91,710
Median Household Income
$45,518
Median Earnings
$2,207
Median Rent
$576,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Units occupy different floors, with a paved driveway serving the property.
Where is this residential income property located?
The property is located at 144 Colonial Stamford, CT.
What is the asking price?
The asking price for this property is $904,999.
What are key features of this property?
This property features: 2,880 square feet in an 1890 building; R6 zoning; Units located on different floors
