Building Details

Year Built 1930

Listing Agency: Marr Caruso Realty Group G***@gmail.com Show Phone

Listed By: Michele Schroeder · License #RES.0810667 Show Phone

Source: Lockandkeyre

Added: Jul 1 Changed: Oct 4 Last Checked: Oct 5 at 7:35PM

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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 Marr Caruso Realty Group

Investment Insights

Based on property information with market context.

This four-family residential income property was built in 1930 and provides approximately 3,762 square feet across a mix of one- and two-bedroom units. The building has natural gas heat, with public water and sewer services available. A full unfinished basement adds additional usable space, and the property sits on a level lot.

Located in Stamford’s West Side neighborhood, the property is positioned near downtown Stamford as well as shopping, public transportation, restaurants, and major commuter routes.

The existing configuration supports multi-family ownership with multiple unit types, while the unfinished basement and overall setup may appeal to buyers looking for a property that can be improved over time.

Key Highlights

• Built in 1930, a four‑family property offering approximately 3,762 SF
• Unit mix includes one- and two‑bedroom apartments
• Natural gas heat with public water and sewer

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$72,390

Cap Rate

6.89%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,447,800 $1.4M

Cap Rate 7%

$1,034,143 $1.0M

Cap Rate 9%

$804,333 $804.3K

Market Conditions

NOI Build-Up for 3,762 SF

Gross rent

$110.6K $29.40/SF

− Vacancy

−$7.2K −$1.91/SF

EGI

$103.4K $27.49/SF

− OpEx

−$31.0K −$8.25/SF

NOI

$72.4K $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 Rate 5%

$1,447,800

Cap Rate 7%

$1,034,143

Cap Rate 9%

$804,333

Alternative Uses

Best Use

Multifamily LT 5

$1.03M

$904.9K – $1.21M (±1% cap)

NOI $72,390 @ 7.0% cap · market cap 6.89%

Second Best

Apartment 5plus

$924.9K

$809.3K – $1.08M (±1% cap)

NOI $64,746 @ 7.0% cap · market cap 6.17%

Theoretical Best

Office A

$1.36M

$1.19M – $1.59M (±1% cap)

NOI $95,217 @ 7.0% cap · market cap 9.07%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Areli Hotel & Motel

Suggested Use

Top Pick Butcher Tanning Salon Bed & Breakfast (Bike/Boat/Book/etc) Store Locksmith Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4

Residential units

Location Intelligence

Trade Area within ½ mile

3,588

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this quadplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Quadplex - Built in 1930, this four-family property offers one- and two-bedroom units with natural gas heat and public utilities.

Where is this quadplex located?

The property is located at 16 Stamford, CT.

What is the asking price?

The asking price for this property is $1,050,000.

What are key features of this property?

This property features: Built in 1930, a four‑family property offering approximately 3,762 SF; Unit mix includes one- and two‑bedroom apartments; Natural gas heat with public water and sewer