Four-Unit Residential
For Sale
$1,045,000
30 Court, Stamford, CT 06902
Four one-bedroom units occupy a landscaped parcel in Stamford’s Mill River corridor.
Property Size1,892 SF
Lot Size0.20 Acres
Price / SF$304.66
Days on Market20
Property Features for 30 Court
General Information
Standard status
Active
Size
1,892 SF
Lot size
0.20 Acres
Property subtype
4 Family
Zoning
R-5
Lease Term
Listing ID: 24207200, Standard Status: Active, MLS Status: Active, Property Subtype: 4 Family, 3 days on market
Additional Details
Public Transit
Yes
Multifamily Units
4
Building Details
Building Size
1,892 SF
Year Built
1892
Listing Agency:
William Raveis Real Estate
(203) 966-3555
Listed By:
Ileana Barns-Slavin · License #RES.0780343
(203) 246-7215
Source:
Iverty
Added: Sep 21
Changed: Oct 10
Last Checked: Oct 9 at 5:38PM
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 four-unit residential property in Stamford contains four apartments, each configured with a loft-style bedroom, living room, kitchen, and one bathroom. The building dates to 1892 and sits on a level 0.20-acre lot, approximately 120 feet from the watercourse. Mature landscaping is established across the grounds, and the property is zoned R5.
Scalzi Park is directly across the street. Downtown dining, the library, and Stamford Train Station are within 0.5 to 1.5 miles; the train ride to New York City is approximately 50 minutes.
Property improvements include three tankless water heaters installed in 2015, updated electrical panels from 2012, 30 double-pane windows from 2011, and new gas meters from 2024. Two units are owner-occupied and are expected to be delivered vacant at closing.
Scalzi Park is directly across the street. Downtown dining, the library, and Stamford Train Station are within 0.5 to 1.5 miles; the train ride to New York City is approximately 50 minutes.
Property improvements include three tankless water heaters installed in 2015, updated electrical panels from 2012, 30 double-pane windows from 2011, and new gas meters from 2024. Two units are owner-occupied and are expected to be delivered vacant at closing.
Key Highlights
- Four apartments, each with a loft‑style bedroom, living room, kitchen, and one bathroom
- 0.20‑acre level parcel, approximately 120 feet from the watercourse
- Zoned R5; building constructed in 1892
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,001
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,320,020
$1.3M
Cap Rate 7%
$942,871
$942.9K
Cap Rate 9%
$733,344
$733.3K
Market Conditions
NOI Build-Up for 3,430 SF
Gross rent
$100.8K $29.40/SF
− Vacancy
−$6.6K −$1.91/SF
EGI
$94.3K $27.49/SF
− OpEx
−$28.3K −$8.25/SF
NOI
$66.0K $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 Rate 5%
$1,320,020
Cap Rate 7%
$942,871
Cap Rate 9%
$733,344
Alternative Uses
Best Use
Multifamily LT 5
$942.9K
$825.0K – $1.10M
NOI $66,001 @ 7.0% cap · market cap 6.32%
Second Best
Apartment 5plus
$843.3K
$737.9K – $983.9K
NOI $59,032 @ 7.0% cap · market cap 5.65%
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $86,814 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
5,210
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four one-bedroom units occupy a landscaped parcel in Stamford’s Mill River corridor.
Where is this quadplex located?
The property is located at 30 Court Stamford, CT.
What is the asking price?
The asking price for this property is $1,045,000.
What are key features of this property?
This property features: Four apartments, each with a loft‑style bedroom, living room, kitchen, and one bathroom; 0.20‑acre level parcel, approximately 120 feet from the watercourse; Zoned R5; building constructed in 1892
