Two-Family with In-Law
251 Seaside Avenue Stamford, CT 06902
251 Seaside Avenue, Stamford, CT, 06902
$999,000
For Sale
$999,000
Oversized two-family plus in-law setup with direct basement access, multiple bedrooms, and ample parking.
Property Size4,376 SF
Price / SF$228.29
Days on Market22
Property Features for 251 Seaside Avenue
General Information
- Standard status
- Active
- Size
- 4,376 SF
- Property subtype
- 2 Family
Building Details
- Year Built
- 1953
Listing Agency
William Raveis Real Estate
(203) 613-7440
Listed by
Nick Jaku
(203) 613-7440
Source
Lockandkeyre
Added: Jun 26 Checked: Jul 16 at 6:45 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 William Raveis Real Estate
Investment Insights
Based on property information with market context.
This oversized two-family plus in-law apartment offers three distinct living areas within one property totaling 4,376 square feet. Front Unit #1 is an original cape-style home with a large country kitchen, dining room, living room, a main-floor primary bedroom and bath, and two bedrooms with a second-floor bath. It also has direct access to the basement and includes laundry within the unit.
Middle Unit #2 is a two-room studio in-law apartment. Rear Unit #3 is an oversized contemporary-style 3-bedroom, 2.5-bath townhouse set back from the road, entered through a two-story foyer. Unit #3 includes a country kitchen with breakfast bar, an adjacent dining area, a step-down family room with a corner fireplace, Mexican tile flooring, a skylight, and a private deck. Additional features in this unit include a living room with a bow window, a powder room, a laundry room, and central air.
The second floor of Unit #3 includes a primary bedroom suite with a walk-in closet and bath with a Jacuzzi, plus two additional bedrooms and a hall bath. The property provides ample parking and a new privacy fence. It is described as being within walking distance to Cove Island Park and the beach, marina, playground, and walking trails, with Chelsea Piers Sports and Entertainment Complex nearby and close access to I-95.
Middle Unit #2 is a two-room studio in-law apartment. Rear Unit #3 is an oversized contemporary-style 3-bedroom, 2.5-bath townhouse set back from the road, entered through a two-story foyer. Unit #3 includes a country kitchen with breakfast bar, an adjacent dining area, a step-down family room with a corner fireplace, Mexican tile flooring, a skylight, and a private deck. Additional features in this unit include a living room with a bow window, a powder room, a laundry room, and central air.
The second floor of Unit #3 includes a primary bedroom suite with a walk-in closet and bath with a Jacuzzi, plus two additional bedrooms and a hall bath. The property provides ample parking and a new privacy fence. It is described as being within walking distance to Cove Island Park and the beach, marina, playground, and walking trails, with Chelsea Piers Sports and Entertainment Complex nearby and close access to I-95.
Key Highlights
- Oversized 4,376 SF 2‑family plus in‑law apartment in a Cove location (Year built: 1953).
- Unit #1: original cape style with large country kitchen, dining room, living room, main floor primary bedroom and bath, plus 2 bedrooms and bath on the 2nd floor.
- Unit #1 includes direct basement access and laundry access.
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 | $128.7k | $29.40 |
| − Vacancy | −$8.4k | −$1.91 |
| EGI | $120.3k | $27.49 |
| − OpEx | −$36.1k | −$8.25 |
| NOI | $84.2k | $19.24 |
4,376 SF · lease $29.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.20M
$1.05M – $1.40M
NOI $84,204 @ 7.0% cap · market cap 8.43%
Second Best
Apartment 5plus
$1.08M
$941.4K – $1.26M
NOI $75,313 @ 7.0% cap · market cap 7.54%
Theoretical Best
Office A
$1.58M
$1.38M – $1.85M
NOI $110,757 @ 7.0% cap · market cap 11.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Multifamily property - Oversized two-family plus in-law setup with direct basement access, multiple bedrooms, and ample parking.
Where is this multifamily property located?
The property is located at 251 Seaside Avenue Stamford, CT.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Oversized 4,376 SF 2‑family plus in‑law apartment in a Cove location (Year built: 1953).; Unit #1: original cape style with large country kitchen, dining room, living room, main floor primary bedroom and bath, plus 2 bedrooms and bath on the 2nd floor.; Unit #1 includes direct basement access and laundry access.
