Quadplex with Office
For Sale
$1,365,000
1845 Summer St, Stamford, CT 06905
Mixed-use four-unit property with residential occupancy and an office configuration on Summer Street.
Property Size3,924 SF
Price / SF$347.86
Days on Market217
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Property Features for 1845 Summer St
General Information
Standard status
Active
Size
3,924 SF
Property subtype
Multi-Family
Site & Location
Road Access
Yes
Public Transit
Yes
Additional Details
Office Units
1
Building Details
Year Built
1910
Buildings
1
Tenancy
Multi
Listing Agency:
Realty ONE Group Connect
Listed By:
Monica Osorio · License #RES.0788735
(203) 590-1111
Source:
Themialeteam
Added: Mar 13
Changed: Oct 8
Last Checked: Oct 7 at 1:44PM
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 Realty ONE Group Connect
Investment Insights
Based on property information with market context.
Built in 1910, this 3,924-square-foot building contains four units arranged for mixed-use occupancy. Three units are residential and income-producing, while the remaining unit is configured as office space. The property is positioned on a corner lot along Summer Street in Stamford, with access to downtown, shopping, and public transit. The roof was replaced this year, providing a recently completed capital improvement. Zoning is CL.
Key Highlights
- Four total units, including three residential units and one office unit
- 3,924 SF building constructed in 1910
- Mixed‑use configuration combines residential and office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,507
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,510,140
$1.5M
Cap Rate 7%
$1,078,671
$1.1M
Cap Rate 9%
$838,967
$839.0K
Market Conditions
NOI Build-Up for 3,924 SF
Gross rent
$115.4K $29.40/SF
− Vacancy
−$7.5K −$1.91/SF
EGI
$107.9K $27.49/SF
− OpEx
−$32.4K −$8.25/SF
NOI
$75.5K $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 Rate 5%
$1,510,140
Cap Rate 7%
$1,078,671
Cap Rate 9%
$838,967
Alternative Uses
Best Use
Multifamily LT 5
$1.08M
$943.8K – $1.26M
NOI $75,507 @ 7.0% cap · market cap 5.53%
Second Best
Mixed Use
$977.5K
$855.3K – $1.14M
NOI $68,425 @ 7.0% cap · market cap 5.01%
Theoretical Best
Office A
$1.42M
$1.24M – $1.66M
NOI $99,317 @ 7.0% cap · market cap 7.28%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Office units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,063
Businesses Nearby
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Business Placement
Demographics for 06905, CT
21,809
Population
8,726
Households
2.5
Avg Household Size
39
Median Age
62%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
4,276
Density / Sq Mi
$132,730
Median Household Income
$70,273
Median Earnings
$2,330
Median Rent
$608,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Mixed-use four-unit property with residential occupancy and an office configuration on Summer Street.
Where is this quadplex located?
The property is located at 1845 Summer St Stamford, CT.
What is the asking price?
The asking price for this property is $1,365,000.
What are key features of this property?
This property features: Four total units, including three residential units and one office unit; 3,924 SF building constructed in 1910; Mixed‑use configuration combines residential and office space
