Stamford Multifamily Investment
For Sale
$999,997
Pending
275 Long Ridge Road, Stamford, CT 06902
Legal 4-family property with add-value potential in Bulls Head.
Property Size3,769 SF
Days on Market102
Property Features for 275 Long Ridge Road
General Information
Standard status
Pending
Size
3,769 SF
Property subtype
4 Family
Building Details
Year Built
1925
Listing Agency:
Higgins Group Real Estate
(203) 984-7907
Listed By:
Chris Sinatra · License #RES.0803010
(203) 984-7907
Source:
Lockandkeyre
Added: May 22
Changed: Aug 23
Last Checked: Aug 3 at 10:31AM
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 Higgins Group Real Estate
Investment Insights
Based on property information with market context.
Located in the Bulls Head section of Stamford, 275 Long Ridge Road is a legal 4-family property featuring separate structures. The property offers over 3,700 sq. ft. of living space and presents an investment opportunity with significant add-value potential. The front building contains two units. Unit A, on the first floor, is a 2-bedroom, 1-bath unit with an eat-in kitchen, living room, and a large 3-season porch, as well as access to basement laundry and a 1-car garage. Unit B, on the second floor, is a large 1-bedroom, 1-bath unit with an eat-in kitchen with pantry and living room. The rear building also contains two units. Unit C, on the left side, is a 1-bedroom, 1-bath unit with an eat-in kitchen and living room, plus access to a shed. Unit D, on the right side, is a 2-floor unit featuring 3-bedrooms and 2-baths with a large eat-in kitchen, living room, and a large enclosed porch. Paved parking is available for 15 cars. The property utilizes oil heat (with a 3-year-old furnace and hot water heater) and propane (for stoves). Electric, municipal water, and sewer are included in the rent and paid by the owner. Situated on a bus line, the property is within walking distance to Bulls Head and upper Summer Street shopping and restaurants, approximately 1.5 miles from the Merritt Parkway, and 2.5 miles from Stamford Metro Station and I-95.
Key Highlights
- Legal 4‑family property in Stamford's Bulls Head section.
- Tremendous "add‑value" potential as a fixer‑upper.
- Over 3,700 sq. ft. of living space across separate structures.
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
$72,524
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
7.25%
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%
$1,450,480
$1.5M
Cap Rate 7%
$1,036,057
$1.0M
Cap Rate 9%
$805,822
$805.8K
Market Conditions
NOI Build-Up for 3,769 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
$110.8K $29.40/SF
− Vacancy
−$7.2K −$1.91/SF
EGI
$103.6K $27.49/SF
− OpEx
−$31.1K −$8.25/SF
NOI
$72.5K $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 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%
$1,450,480
Cap Rate 7%
$1,036,057
Cap Rate 9%
$805,822
Alternative Uses
Best Use
Multifamily LT 5
$1.04M
$906.6K – $1.21M
NOI $72,524 @ 7.0% cap · market cap 7.25%
Second Best
Apartment 5plus
$926.7K
$810.8K – $1.08M
NOI $64,866 @ 7.0% cap · market cap 6.49%
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,394 @ 7.0% cap · market cap 9.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
642
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Legal 4-family property with add-value potential in Bulls Head.
Where is this quadplex located?
The property is located at 275 Long Ridge Road Stamford, CT.
What is the asking price?
The asking price for this property is $999,997.
What are key features of this property?
This property features: Legal 4‑family property in Stamford's Bulls Head section.; Tremendous "add‑value" potential as a fixer‑upper.; Over 3,700 sq. ft. of living space across separate structures.
