Four-Family Residential Income
16 Hazel Street Stamford, CT 06902
16 Hazel Street, Stamford, CT, 06902
$1,050,000
For Sale
$1,050,000
Built in 1930, this four-family property offers one- and two-bedroom units with natural gas heat and public utilities.
Property Size3,762 SF
Price / SF$279.11
Days on Market21
Property Features for 16 Hazel Street
General Information
- Standard status
- Active
- Size
- 3,762 SF
- Property subtype
- 4 Family
Building Details
- Year Built
- 1930
Listing agency
Marr Caruso Realty Group
(203) 921-8080
Listed by
Michele Schroeder
(203) 921-8080
Source
Lockandkeyre
Added: Jul 1 Updated: Jul 21 at 5:33AM Checked: Jul 21 at 5:33AM
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 Marr Caruso Realty Group
Investment Insights
Based on property information with market context.
This four-family residential income property was built in 1930 and provides approximately 3,762 square feet across a mix of one- and two-bedroom units. The building has natural gas heat, with public water and sewer services available. A full unfinished basement adds additional usable space, and the property sits on a level lot.
Located in Stamford’s West Side neighborhood, the property is positioned near downtown Stamford as well as shopping, public transportation, restaurants, and major commuter routes.
The existing configuration supports multi-family ownership with multiple unit types, while the unfinished basement and overall setup may appeal to buyers looking for a property that can be improved over time.
Located in Stamford’s West Side neighborhood, the property is positioned near downtown Stamford as well as shopping, public transportation, restaurants, and major commuter routes.
The existing configuration supports multi-family ownership with multiple unit types, while the unfinished basement and overall setup may appeal to buyers looking for a property that can be improved over time.
Key Highlights
- Built in 1930, a four‑family property offering approximately 3,762 SF
- Unit mix includes one- and two‑bedroom apartments
- Natural gas heat with public water and sewer
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $110.6k | $29.40 |
| − Vacancy | −$7.2k | −$1.91 |
| EGI | $103.4k | $27.49 |
| − OpEx | −$31.0k | −$8.25 |
| NOI | $72.4k | $19.24 |
3,762 SF · lease $29.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.03M
$904.9K – $1.21M
NOI $72,390 @ 7.0% cap · market cap 6.89%
Second Best
Apartment 5plus
$924.9K
$809.3K – $1.08M
NOI $64,746 @ 7.0% cap · market cap 6.17%
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,217 @ 7.0% cap · market cap 9.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Areli
Hotel & Motel
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Built in 1930, this four-family property offers one- and two-bedroom units with natural gas heat and public utilities.
Where is this quadplex located?
The property is located at 16 Hazel Street Stamford, CT.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Built in 1930, a four‑family property offering approximately 3,762 SF; Unit mix includes one- and two‑bedroom apartments; Natural gas heat with public water and sewer
