Triplex with Finished
70 Lincoln Avenue Stamford, CT 06902
New
70 Lincoln Avenue, Stamford, CT, 06902
$850,000
For Sale
$850,000
Triplex offers multiple apartments plus a finished workshop and garage utilities, with parking space in the driveway and on-street.
Property Size3,604 SF
Price / SF$235.85
Days on Market7
Property Features for 70 Lincoln Avenue
General Information
- Standard status
- Active
- Size
- 3,604 SF
- Property subtype
- 2 Family
Building Details
- Year Built
- 1923
Listing agency
William Raveis Real Estate
(203) 209-9396
Listed by
Aziz Seyal
(203) 209-9396
Source
Iverty
Added: Jul 17 Updated: Jul 21 at 1:17PM Checked: Jul 22 at 5:20AM
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.
This triplex includes separate living areas across three levels. The first floor features three bedrooms and one bathroom. The second floor has four bedrooms and one bathroom. A basement apartment provides an additional modern full 1–2 bedroom option with one bathroom. The property also includes a finished workshop with a half bath, along with utilities located in the garage.
A driveway supports many parking spaces, and there is also ample street parking. The home is positioned near downtown Stamford amenities, the train station, and bus service, with access to I-95.
As presented, the building is configured to support multiple independent units while maintaining additional on-site workspace in the finished workshop area.
A driveway supports many parking spaces, and there is also ample street parking. The home is positioned near downtown Stamford amenities, the train station, and bus service, with access to I-95.
As presented, the building is configured to support multiple independent units while maintaining additional on-site workspace in the finished workshop area.
Key Highlights
- Built in 1923 triplex with multiple apartments plus a finished workshop
- First floor: 3 bedrooms and 1 bathroom
- Second floor: 4 bedrooms and 1 bathroom
Local Financial Insights For Multifamily LT 5
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 | $106.0k | $29.40 |
| − Vacancy | −$6.9k | −$1.91 |
| EGI | $99.1k | $27.49 |
| − OpEx | −$29.7k | −$8.25 |
| NOI | $69.3k | $19.24 |
3,604 SF · lease $29.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$990.7K
$866.9K – $1.16M
NOI $69,349 @ 7.0% cap · market cap 8.16%
Second Best
Apartment 5plus
$886.1K
$775.3K – $1.03M
NOI $62,026 @ 7.0% cap · market cap 7.30%
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,218 @ 7.0% cap · market cap 10.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Triplex offers multiple apartments plus a finished workshop and garage utilities, with parking space in the driveway and on-street.
Where is this triplex located?
The property is located at 70 Lincoln Avenue Stamford, CT.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Built in 1923 triplex with multiple apartments plus a finished workshop; First floor: 3 bedrooms and 1 bathroom; Second floor: 4 bedrooms and 1 bathroom
