Four-Unit Quadplex with
For Sale
$1,550,000
6 Lawn Avenue, Stamford, CT 06902
Each apartment includes in-unit laundry, a full basement, and dedicated parking.
Property Size5,760 SF
Price / SF$269.10
Days on Market130
Property Features for 6 Lawn Avenue
General Information
Standard status
Active
Size
5,760 SF
Property subtype
4 Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
4 x 2BR/1.5BA
Multifamily Units
4
Parking per Unit
2
Amenities
washer/dryer in unit
Building Details
Year Built
2000
Buildings
1
Listing Agency:
William Raveis Real Estate
(917) 868-9206
Listed By:
Angela Abate
(917) 868-9206
Source:
Lockandkeyre
Added: Apr 24
Changed: Aug 30
Last Checked: Aug 30 at 5:29PM
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.
Built in 2000, this 5,760-square-foot quadplex contains four apartments, each configured with two bedrooms, one full bath, one half bath, in-unit washer and dryer connections, and a full basement. Each unit also includes two parking spaces. The property is being offered in its current condition.
The building is located at 6 Lawn Avenue in Stamford, near Cove Island beach and park, downtown shops and restaurants, I-95, the Metro-North train station, and Chelsea Piers. Its four-unit layout and consistent unit configuration provide a straightforward multifamily format for an owner or operator evaluating the property.
The building is located at 6 Lawn Avenue in Stamford, near Cove Island beach and park, downtown shops and restaurants, I-95, the Metro-North train station, and Chelsea Piers. Its four-unit layout and consistent unit configuration provide a straightforward multifamily format for an owner or operator evaluating the property.
Key Highlights
- Four‑unit building with 2‑bedroom apartments
- Each unit has 1 full bath and 1 half bath
- In‑unit washer and dryer included in every apartment
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
$110,836
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
7.15%
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%
$2,216,720
$2.2M
Cap Rate 7%
$1,583,371
$1.6M
Cap Rate 9%
$1,231,511
$1.2M
Market Conditions
NOI Build-Up for 5,760 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
$169.3K $29.40/SF
− Vacancy
−$11.0K −$1.91/SF
EGI
$158.3K $27.49/SF
− OpEx
−$47.5K −$8.25/SF
NOI
$110.8K $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%
$2,216,720
Cap Rate 7%
$1,583,371
Cap Rate 9%
$1,231,511
Alternative Uses
Best Use
Multifamily LT 5
$1.58M
$1.39M – $1.85M
NOI $110,836 @ 7.0% cap · market cap 7.15%
Second Best
Apartment 5plus
$1.42M
$1.24M – $1.65M
NOI $99,132 @ 7.0% cap · market cap 6.40%
Theoretical Best
Office A
$2.08M
$1.82M – $2.43M
NOI $145,787 @ 7.0% cap · market cap 9.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,431
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?
Quadplex - Each apartment includes in-unit laundry, a full basement, and dedicated parking.
Where is this quadplex located?
The property is located at 6 Lawn Avenue Stamford, CT.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Four‑unit building with 2‑bedroom apartments; Each unit has 1 full bath and 1 half bath; In‑unit washer and dryer included in every apartment
