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New Construction Multifamily Investment Property
For Sale
$2,599,000

281 Greenwich Ave, Stamford, CT 06902

New construction multifamily property near Stamford Train Station.

Days on Market98

Property Features for 281 Greenwich Ave

General Information

Standard status Active
Property subtype Commercial

Building Details

Year Built 2024
Listing Agency: Kinard Realty Group
Listed By: Silvana Orsaia
Source: Elliman
Added: Apr 24 Changed: Jul 10 Last Checked: Jul 30 at 10:27AM

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 Kinard Realty Group

Investment Insights

Based on property information with market context.

This new construction multifamily property, completed in 2025, features five units, each with three bedrooms and three bathrooms. All units are currently rented for $3,500 per month. Each unit includes a washer and dryer, plus attic storage. Tenants are responsible for their own utilities, which are separately metered for each unit. Located within walking distance of the Stamford Train Station and minutes from downtown Stamford and Harbor Point, residents have easy access to shopping, restaurants, and bars. This property is suitable for a 1031 Tax Exchange. The location has a walk score of 87, indicating it is very walkable, a transit score of 63, indicating good transit options, and a bike score of 59, indicating it is bikeable.

Key Highlights

  • New construction - minimal maintenance required.
  • Fully rented 5‑unit building generating $17,500/month income.
  • Ideal for 1031 Tax Exchange.

Property Analytics

Current Use

1031 exchange properties

Suggested Use

Top Pick Acupuncture Butcher (Bike/Boat/Book/etc) Store Locksmith Tanning Salon Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,187
Businesses Nearby

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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - New construction multifamily property near Stamford Train Station.
Where is this apartment building located?
The property is located at 281 Greenwich Ave Stamford, CT.
What is the asking price?
The asking price for this property is $2,599,000.
What are key features of this property?
This property features: New construction - minimal maintenance required.; Fully rented 5‑unit building generating $17,500/month income.; Ideal for 1031 Tax Exchange.
More about this property
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