Mixed-Use Building with Commercial
For Sale
$1,099,000
36 Larkin Street, Stamford, CT 06907
Three residential units plus a commercial space with off-street parking offer flexible live-and-earn or investment options.
Property Size2,714 SF
Price / SF$404.94
Days on Market55
Property Features for 36 Larkin Street
General Information
Standard status
Active
Size
2,714 SF
Property subtype
3 Family
Building Details
Year Built
1910
Listing Agency:
Keller Williams Realty
(203) 692-5915
Listed By:
Geo Crume
(203) 692-5915
Source:
Lockandkeyre
Added: Jun 18
Changed: Aug 11
Last Checked: Aug 11 at 6:34AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This mixed-use building combines three residential units with a dedicated commercial space. The residential lineup includes a spacious two-bedroom apartment, a one-bedroom apartment, and a studio, creating varied occupancy and lease-up options. Off-street parking is available for all units, providing a practical amenity for both residential and commercial tenants.
The property is located in Stamford, Connecticut, in a highly convenient area described as close to shopping, dining, transportation, and major commuter routes. This blend of residential and commercial space is positioned to support day-to-day accessibility for occupants and customers.
For buyers seeking flexibility, the building can support a range of strategies, including owner-occupancy with rental income from the other residential units. For investors, the mix of residential units and an additional commercial space provides multiple income sources within a single property. The off-street parking and multi-unit configuration can simplify tenant logistics, while the defined unit mix (two-bedroom, one-bedroom, and studio) helps broaden appeal across different household needs.
The property is located in Stamford, Connecticut, in a highly convenient area described as close to shopping, dining, transportation, and major commuter routes. This blend of residential and commercial space is positioned to support day-to-day accessibility for occupants and customers.
For buyers seeking flexibility, the building can support a range of strategies, including owner-occupancy with rental income from the other residential units. For investors, the mix of residential units and an additional commercial space provides multiple income sources within a single property. The off-street parking and multi-unit configuration can simplify tenant logistics, while the defined unit mix (two-bedroom, one-bedroom, and studio) helps broaden appeal across different household needs.
Key Highlights
- Built in 1910 mixed‑use property with 3 residential units plus a commercial space
- Residential unit mix includes a 2‑bedroom apartment, a 1‑bedroom apartment, and a studio
- Off‑street parking available for all units
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
$52,224
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
4.75%
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%
$1,044,480
$1.0M
Cap Rate 7%
$746,057
$746.1K
Cap Rate 9%
$580,267
$580.3K
Market Conditions
NOI Build-Up for 2,714 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
$79.8K $29.40/SF
− Vacancy
−$5.2K −$1.91/SF
EGI
$74.6K $27.49/SF
− OpEx
−$22.4K −$8.25/SF
NOI
$52.2K $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%
$1,044,480
Cap Rate 7%
$746,057
Cap Rate 9%
$580,267
Alternative Uses
Best Use
Multifamily LT 5
$746.1K
$652.8K – $870.4K
NOI $52,224 @ 7.0% cap · market cap 4.75%
Second Best
Retail
$667.9K
$584.4K – $779.2K
NOI $46,750 @ 7.0% cap · market cap 4.25%
Theoretical Best
Office A
$981.3K
$858.7K – $1.14M
NOI $68,692 @ 7.0% cap · market cap 6.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
778
Businesses Nearby
Explore this area
Business Placement
Demographics for 06907, CT
9,371
Population
3,701
Households
2.5
Avg Household Size
40
Median Age
52%
College-Educated
95%
High-School Grad
2.0 sq mi
ZIP Area
4,686
Density / Sq Mi
$104,526
Median Household Income
$54,481
Median Earnings
$2,302
Median Rent
$555,900
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?
Triplex - Three residential units plus a commercial space with off-street parking offer flexible live-and-earn or investment options.
Where is this triplex located?
The property is located at 36 Larkin Street Stamford, CT.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Built in 1910 mixed‑use property with 3 residential units plus a commercial space; Residential unit mix includes a 2‑bedroom apartment, a 1‑bedroom apartment, and a studio; Off‑street parking available for all units
