Multifamily Property with VC
New
For Sale
$999,000
256 Stillwater Avenue, Stamford, CT 06902
The property’s VC designation allows a mix of residential and small-scale commercial uses.
Property Size2,803 SF
Price / SF$356.40
Days on Market6
Property Features for 256 Stillwater Avenue
General Information
Standard status
Active
Size
2,803 SF
Property subtype
Multi Family Home
Zoning
VC
Building Details
Building Size
2,803 SF
Year Built
1930
Units
2
Listing Agency:
Compass Connecticut, LLC
Listed By:
Stephen Lasko · License #REB.0791690
(203) 343-0141
Source:
Davisowenrealestate
Added: Oct 20
Changed: Oct 24
Last Checked: Oct 23 at 10:58AM
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 Compass Connecticut, LLC
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Investment Insights
Based on property information with market context.
Built in 1930, this multifamily property is zoned VC (Village Commercial), a designation intended for a mix of residential and small-scale commercial uses. The property is offered as-is, with renovation or new construction identified as possible paths forward.
Nearby destinations include E. Gaynor Brennan Golf Course, Stamford Hospital, and the Boys & Girls Club.
Nearby destinations include E. Gaynor Brennan Golf Course, Stamford Hospital, and the Boys & Girls Club.
Key Highlights
- VC (Village Commercial) zoning
- Built in 1930
- Near E. Gaynor Brennan Golf Course, Stamford Hospital, and the Boys & Girls Club
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,241
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$964,820
$964.8K
Cap Rate 7%
$689,157
$689.2K
Cap Rate 9%
$536,011
$536.0K
Market Conditions
NOI Build-Up for 2,803 SF
Gross rent
$93.5K $33.36/SF
− Vacancy
−$5.8K −$2.07/SF
EGI
$87.7K $31.29/SF
− OpEx
−$39.5K −$14.08/SF
NOI
$48.2K $17.21/SF
Area
Stamford, CT
Vacancy
6.20%
Lease Rate
$33.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$964,820
Cap Rate 7%
$689,157
Cap Rate 9%
$536,011
Alternative Uses
Best Use
Apartment 5plus
$689.2K
$603.0K – $804.0K
NOI $48,241 @ 7.0% cap · market cap 4.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.01M
$886.8K – $1.18M
NOI $70,945 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
2,190
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - The property’s VC designation allows a mix of residential and small-scale commercial uses.
Where is this multifamily property located?
The property is located at 256 Stillwater 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: VC (Village Commercial) zoning; Built in 1930; Near E. Gaynor Brennan Golf Course, Stamford Hospital, and the Boys & Girls Club
