Mixed-Use Property with Commercial
For Sale
$1,099,000
36 Larkin Street, Stamford, CT 06907
Multi-Family For Sale, Units on different Floors, Stamford, CT
Property Size2,714 SF
Lot Size0.11 Acres
Price / SF$404.94
Days on Market73
Property Features for 36 Larkin Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MG
Bedrooms
5
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 2, Bathroom 4, Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 3, Basement, Bathroom 2, Bedroom 5, Bedroom 1
Parking
6
Basement
Concrete, Full
Lot features
Level Lot
Elementary school
Per Board of Ed
High school
Per Board of Ed
Directions
GPS Friendly
Subdivision
Springdale
Standard status
Active
Size
2,714 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
12005
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Cooling system
Central Air
Water source
Public
Amenities
off-street parking
Building Details
Year built
1910
Architectural style
Other
Listing Agency:
Keller Williams Realty
(203) 429-4020
Listed By:
Geo Crume
(203) 438-9494
Added: Jun 18
Changed: Aug 27
Last Checked: Aug 29 at 3:06AM
MLS# 24184755
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.
Investment Insights
Based on property information with market context.
This mixed-use property contains 2,714 square feet on a 0.11-acre parcel and combines three residential units with a commercial space. The residential component includes a two-bedroom apartment, a one-bedroom apartment, and a studio, creating a varied unit mix within the building. Constructed in 1910, the property has hot-water heating, central air, public water, and public sewer. Off-street parking is available for the residential and commercial occupants.
The property is located in Stamford, CT, near shopping, dining, transportation, and major commuter routes. It carries MG zoning and is identified as an existing mixed-use industrial/residential property. Buyers and agents should conduct their own due diligence regarding permitted uses, condition, and any expansion or reconfiguration possibilities.
The property is located in Stamford, CT, near shopping, dining, transportation, and major commuter routes. It carries MG zoning and is identified as an existing mixed-use industrial/residential property. Buyers and agents should conduct their own due diligence regarding permitted uses, condition, and any expansion or reconfiguration possibilities.
Key Highlights
- 2,714‑square‑foot mixed‑use property on 0.11 acres
- Three residential units: 2‑bedroom, 1‑bedroom, and studio
- Commercial space included within the existing property
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
Mixed Use
$676.1K
$591.6K – $788.8K
NOI $47,325 @ 7.0% cap · market cap 4.31%
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
Lease Details
3
Residential units
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three residential units accompany a commercial component, with off-street parking and separate residential configurations.
Where is this mixed-use property 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: 2,714‑square‑foot mixed‑use property on 0.11 acres; Three residential units: 2‑bedroom, 1‑bedroom, and studio; Commercial space included within the existing property
