Four-Unit Mixed-Use
For Sale
Under Contract
$1,365,000
1845 Summer Street, Stamford, CT 06905
Multi-Family For Sale, Units on different Floors, Stamford, CT
Property Size3,924 SF
Lot Size0.10 Acres
Price / SF$347.86
Days on Market259
Property Features for 1845 Summer Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
CL
Bedrooms
9
Bathrooms
5
Full bathrooms
4
Half bathrooms
1
Rooms
Bedroom 7, Bathroom 4, Basement, Bathroom 1, Bedroom 1, Bedroom 8, Bedroom 9, Bedroom 4, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 5, Bedroom 6, Bathroom 5, Bedroom 2
Basement
Unfinished, Full
Lot features
Level Lot
Elementary school
Per Board of Ed
High school
Per Board of Ed
Directions
GPS Friendly
Standard status
Active Under Contract
Size
3,924 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
10239
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1910
Architectural style
Other
Listing Agency:
Realty ONE Group Connect
(203) 590-1111
Listed By:
Monica Osorio · License #RES.0788735
(203) 943-8831
Added: Dec 13, 2025
Changed: Aug 27
Last Checked: Aug 29 at 1:06AM
MLS# 24126987
Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,924-square-foot mixed-use property contains four total units, including three residential units and one space configured for office use. Built in 1910, the building occupies a 0.1-acre corner lot and is served by public water and public sewer. The roof has been replaced, providing a completed capital improvement.
The property is located on Summer Street in Stamford, with access to downtown, shopping, and public transit. Its corner placement provides street exposure from more than one frontage and supports access for both residential and office occupants. The property is zoned CL.
The property is located on Summer Street in Stamford, with access to downtown, shopping, and public transit. Its corner placement provides street exposure from more than one frontage and supports access for both residential and office occupants. The property is zoned CL.
Key Highlights
- Four total units: three residential and one office‑configured unit
- 3,924 square feet on a 0.1‑acre corner lot
- Roof has been replaced
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
$68,425
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
5.01%
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%
$1,368,500
$1.4M
Cap Rate 7%
$977,500
$977.5K
Cap Rate 9%
$760,278
$760.3K
Market Conditions
NOI Build-Up for 3,924 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
$117.7K $30.00/SF
− Vacancy
−$8.2K −$2.10/SF
EGI
$109.5K $27.90/SF
− OpEx
−$41.1K −$10.46/SF
NOI
$68.4K $17.44/SF
Area
Stamford, CT
Vacancy
7.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
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%
$1,368,500
Cap Rate 7%
$977,500
Cap Rate 9%
$760,278
Alternative Uses
Best Use
Mixed Use
$977.5K
$855.3K – $1.14M
NOI $68,425 @ 7.0% cap · market cap 5.01%
Second Best
Apartment 5plus
$964.8K
$844.2K – $1.13M
NOI $67,534 @ 7.0% cap · market cap 4.95%
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.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
3
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,063
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three residential units accompany an office-configured space in a mixed-use layout.
Where is this mixed-use property located?
The property is located at 1845 Summer Street 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: three residential and one office‑configured unit; 3,924 square feet on a 0.1‑acre corner lot; Roof has been replaced
