Triplex with Finished
For Sale
$900,000
Pending
70 Lincoln Avenue, Stamford, CT 06902
Triplex offers multiple apartments plus a finished workshop and garage utilities, with parking space in the driveway and on-street.
Property Size1,923 SF
Days on Market53
Property Features for 70 Lincoln Avenue
General Information
Standard status
Pending
Size
1,923 SF
Property subtype
2 Family
Additional Details
Highway Access
Yes
Building Details
Building Size
1,923 SF
Year Built
1923
Listing Agency:
William Raveis Real Estate
Listed By:
Aziz Seyal
(203) 209-9396
Source:
Iverty
Added: Jul 17
Changed: Aug 7
Last Checked: Jul 29 at 6:16AM
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
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
$69,349
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
7.71%
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%
$1,386,980
$1.4M
Cap Rate 7%
$990,700
$990.7K
Cap Rate 9%
$770,544
$770.5K
Market Conditions
NOI Build-Up for 3,604 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
$106.0K $29.40/SF
− Vacancy
−$6.9K −$1.91/SF
EGI
$99.1K $27.49/SF
− OpEx
−$29.7K −$8.25/SF
NOI
$69.3K $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%
$1,386,980
Cap Rate 7%
$990,700
Cap Rate 9%
$770,544
Alternative Uses
Best Use
Multifamily LT 5
$990.7K
$866.9K – $1.16M
NOI $69,349 @ 7.0% cap · market cap 7.71%
Second Best
Apartment 5plus
$886.1K
$775.3K – $1.03M
NOI $62,026 @ 7.0% cap · market cap 6.89%
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,218 @ 7.0% cap · market cap 10.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,263
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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 $900,000.
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
