Three-Unit Multifamily
16 Wilson Street Stamford, CT 06902
16 Wilson Street, Stamford, CT, 06902
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For Sale
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Three-unit multifamily with off-street parking near Stamford Train Station, suited for owner-operators and investors.
Property Size3,867 SF
Lot Size0.11 Acres
Price / SF$333.59
Days on Market31
Property Features for 16 Wilson Street
General Information
- Standard status
- Active
- Size
- 3,867 SF
- Lot size
- 0.11 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1925
Listing Agency
National Multifamily
Listed by
Matt Cawley · License #REB.0791595
Source
Crexi
Added: Jun 16 Checked: Jul 16 at 8:38 am
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
Investment Insights
Based on property information with market context.
This three-unit multifamily property at 16 Wilson Street offers a straightforward income-residential layout in a building constructed in 1925. The property includes approximately 3,867 square feet of gross living area on a 0.11-acre lot. Tenants have access to four off-street parking spaces. Heat and hot water are metered and paid by tenants through individual systems: two units use gas boilers and hot water heaters, while the third unit uses electric heat with a gas hot water heater. In addition to the apartment space, there is a partially finished basement that is currently not in use.
The building is located on the West Side of Stamford, approximately one mile from the Stamford Train Station. That station serves as a major regional transit hub with convenient access to New York City via Metro-North and Amtrak, along with local bus service.
As a purchase, this property can fit buyers looking to operate or manage a small multifamily asset while addressing interior updates through natural unit renovations. The existing partially finished basement may offer a pathway to additional usable area for the first-floor apartment, subject to design and permitting. With four parking spaces onsite and the ability for tenants to generate income from parking, the property’s overall setup is aligned with practical, value-conscious ownership within a transit-accessible West Side location.
The building is located on the West Side of Stamford, approximately one mile from the Stamford Train Station. That station serves as a major regional transit hub with convenient access to New York City via Metro-North and Amtrak, along with local bus service.
As a purchase, this property can fit buyers looking to operate or manage a small multifamily asset while addressing interior updates through natural unit renovations. The existing partially finished basement may offer a pathway to additional usable area for the first-floor apartment, subject to design and permitting. With four parking spaces onsite and the ability for tenants to generate income from parking, the property’s overall setup is aligned with practical, value-conscious ownership within a transit-accessible West Side location.
Key Highlights
- Three‑unit multifamily built in 1925 on a 0.11‑acre lot with approx. 3,867 SF of gross living area
- About 1 mile from Stamford Train Station with access to Metro‑North, Amtrak, and local bus service
- 4 off‑street parking spaces provided for tenants
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 | $113.7k | $29.40 |
| − Vacancy | −$7.4k | −$1.91 |
| EGI | $106.3k | $27.49 |
| − OpEx | −$31.9k | −$8.25 |
| NOI | $74.4k | $19.24 |
3,867 SF · lease $29.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.06M
$930.1K – $1.24M
NOI $74,410 @ 7.0% cap · market cap 5.77%
Second Best
Apartment 5plus
$950.8K
$831.9K – $1.11M
NOI $66,553 @ 7.0% cap · market cap 5.16%
Theoretical Best
Office A
$1.40M
$1.22M – $1.63M
NOI $97,875 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-unit multifamily with off-street parking near Stamford Train Station, suited for owner-operators and investors.
Where is this triplex located?
The property is located at 16 Wilson Street Stamford, CT.
What is the asking price?
The asking price for this property is $1,290,000.
What are key features of this property?
This property features: Three‑unit multifamily built in 1925 on a 0.11‑acre lot with approx. 3,867 SF of gross living area; About 1 mile from Stamford Train Station with access to Metro‑North, Amtrak, and local bus service; 4 off‑street parking spaces provided for tenants
