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    Multifamily Residential Income Property Title is generated by Realmo AI

    34 Raymond Street, Stamford, CT 06902

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    Claim this Listing
    New
    For Sale
    $985,000

    MULTI_FAMILY - Stamford, CT

    Property size:
    3,044 SF
    Lot size:
    0.09 Acres
    Price / SF:
    $323/SF
    Added:
    Jun 12, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 12 at 3:06 pm

    Property Features for 34 Raymond Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R5
    Bedrooms
    5
    Bathrooms
    3
    Rooms
    Bathroom 1, Bedroom 3, Bathroom 2, Basement, Bathroom 3, Bedroom 2, Bedroom 1, Bedroom 5, Bedroom 4
    Fireplace
    1
    Basement
    Partial
    Standard status
    Active
    Size
    3,044 SF
    Lot size
    0.09 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    10074

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Hot Water(Heating)
    Water source
    Public

    Building Details

    Year built
    1958
    Architectural style
    Other

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    Listing Contact
    Wende Foreman

    Listing agent Wende Foreman

    Listing office William Pitt Sotheby's Int'l 3 Roxbury Road, Stamford, CT

    Listing date Jun 12, 2026

    MLS# 24183476 Listing URL

    Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 5‑bedroom, multi‑family home with 3 bathrooms
    • Built in 1958
    • Fireplace available
    • Public water and public sewer
    • Hot water heating system

    Overview

    This for-sale residential income multifamily property is located at 34 Raymond Street and totals 3,044 square feet. The site sits on approximately 0.09 acres and is listed under R5 zoning, supporting multifamily use within the property’s governing code.

    The property is in Stamford, Connecticut (06902), in Fairfield County. The offering is presented as a multi-family investment opportunity, with zoning identified as R5 for the parcel.

    As a multifamily asset, the property may fit investors and operators looking for an R5 zoned income-oriented residential building in Stamford. Buyers should review the property’s actual unit mix, condition, and operating details as part of underwriting, along with any R5 zoning requirements that could affect current and future use.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $101.5k $33.36
    − Vacancy −$6.3k −$2.07
    EGI $95.3k $31.29
    − OpEx −$42.9k −$14.08
    NOI $52.4k $17.21
    3,044 SF · lease $33.36/SF/yr · vacancy 6.20% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $748.4K
    $654.9K – $873.2K (±1% cap)
    NOI $52,389 @ 7.0% cap · market cap 5.32%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.10M
    $963.1K – $1.28M (±1% cap)
    NOI $77,044 @ 7.0% cap · market cap 7.82%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Stamford
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.520277
    Latitude
    41.050875

    FAQs

    What type of property is this?
    Multifamily property - For-sale multifamily property zoned R5 in Stamford, CT, offering a residential income setup on a compact lot.
    Where is this multifamily property 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: 5‑bedroom, multi‑family home with 3 bathrooms; Built in 1958; Fireplace available
    More about this property
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