Four-Family Residential Income
For Sale
$1,050,000
Pending
16 Hazel Street, Stamford, CT 06902
Built in 1930, this four-family property offers one- and two-bedroom units with natural gas heat and public utilities.
Property Size3,762 SF
Days on Market67
Property Features for 16 Hazel Street
General Information
Standard status
Pending
Size
3,762 SF
Property subtype
4 Family
Additional Details
Multifamily Units
4
Building Details
Year Built
1930
Listing Agency:
Marr Caruso Realty Group
Listed By:
Michele Schroeder
(203) 921-8080
Source:
Lockandkeyre
Added: Jul 1
Changed: Aug 8
Last Checked: Jul 30 at 5:46AM
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
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$72,390
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,447,800
$1.4M
Cap Rate 7%
$1,034,143
$1.0M
Cap Rate 9%
$804,333
$804.3K
Market Conditions
NOI Build-Up for 3,762 SF
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.
Gross rent
$110.6K $29.40/SF
− Vacancy
−$7.2K −$1.91/SF
EGI
$103.4K $27.49/SF
− OpEx
−$31.0K −$8.25/SF
NOI
$72.4K $19.24/SF
Area
Stamford, CT
Vacancy
6.50%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,447,800
Cap Rate 7%
$1,034,143
Cap Rate 9%
$804,333
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
3,571
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
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
