Triplex Investment
For Sale
$985,000
34 Raymond Street, Stamford, CT 06902
For-sale triplex in Stamford, offering a residential income structure for multi-unit ownership.
Property Size3,044 SF
Price / SF$323.59
Days on Market75
Property Features for 34 Raymond Street
General Information
Standard status
Active
Size
3,044 SF
Property subtype
2 Family
Building Details
Year Built
1958
Listing Agency:
William Pitt Sotheby's Int'l
(203) 981-4550
Listed By:
Wende Foreman
(203) 981-4550
Source:
Lockandkeyre
Added: Jun 12
Changed: Aug 25
Last Checked: Aug 25 at 5:26AM
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 Pitt Sotheby's Int'l
Investment Insights
Based on property information with market context.
This property is a residential income opportunity presented as a triplex, fitting the needs of buyers seeking a small, multi-unit multifamily asset. As a multi-family property, it provides an ownership structure built around multiple residential units within one investment property.
The triplex is located at 34 Raymond Street in Stamford, Connecticut. It is offered for sale, with the listing positioned as a multi-family investment opportunity for prospective buyers.
For an investor or owner-operator evaluating smaller multifamily holdings, a triplex can provide a straightforward platform for managing multiple households under one property umbrella. This offering may be suitable for buyers looking to add a residential income asset in Stamford to their portfolio, or for those exploring their first multi-unit acquisition. Prospective buyers should confirm unit configuration, current occupancy, and income/expense details directly as part of their due diligence.
The triplex is located at 34 Raymond Street in Stamford, Connecticut. It is offered for sale, with the listing positioned as a multi-family investment opportunity for prospective buyers.
For an investor or owner-operator evaluating smaller multifamily holdings, a triplex can provide a straightforward platform for managing multiple households under one property umbrella. This offering may be suitable for buyers looking to add a residential income asset in Stamford to their portfolio, or for those exploring their first multi-unit acquisition. Prospective buyers should confirm unit configuration, current occupancy, and income/expense details directly as part of their due diligence.
Key Highlights
- Triplex for sale in Stamford with residential income structure
- Built in 1958
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
$58,574
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
5.95%
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%
$1,171,480
$1.2M
Cap Rate 7%
$836,771
$836.8K
Cap Rate 9%
$650,822
$650.8K
Market Conditions
NOI Build-Up for 3,044 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
$89.5K $29.40/SF
− Vacancy
−$5.8K −$1.91/SF
EGI
$83.7K $27.49/SF
− OpEx
−$25.1K −$8.25/SF
NOI
$58.6K $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%
$1,171,480
Cap Rate 7%
$836,771
Cap Rate 9%
$650,822
Alternative Uses
Best Use
Multifamily LT 5
$836.8K
$732.2K – $976.2K
NOI $58,574 @ 7.0% cap · market cap 5.95%
Second Best
Apartment 5plus
$748.4K
$654.9K – $873.2K
NOI $52,389 @ 7.0% cap · market cap 5.32%
Theoretical Best
Office A
$1.10M
$963.1K – $1.28M
NOI $77,044 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,548
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
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Frequently Asked Questions
What type of property is this?
Triplex - For-sale triplex in Stamford, offering a residential income structure for multi-unit ownership.
Where is this triplex located?
The property is located at 34 Raymond Street Stamford, CT.
What is the asking price?
The asking price for this property is $985,000.
What are key features of this property?
This property features: Triplex for sale in Stamford with residential income structure; Built in 1958
