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2336-2342 Barnum Ave 9 Unit Apartment Building $2,450,000 ($272,222/Unit) 7.83% Cap Rate Stratford, CT 06615
Investment Highlights
- Two fully renovated turn key properties
- Newly signed 5 and 10 year retail leases on both ground floor retail units
- Well crafted unit layouts featuring brand new appliances and finishes
- Separately metered utilities
Executive Summary
Baldwin Pearson & Co, Inc. is excited to introduce 2336 Barnum Avenue Stratford, CT to the market. This rare, multi building property features a fully renovated, corner mixed use property containing five apartments and two ground floor retail units and a rear two family house containing two three bedroom apartments.
The unique opportunity features three income streams, with all spaces in both properties fully updated, and no deferred maintenance whatsoever. This property is located on a prime, high-traffic corner of Stratford and is perfect for investors seeking a low-maintenance, high-yield asset with built-in diversification.
The unique opportunity features three income streams, with all spaces in both properties fully updated, and no deferred maintenance whatsoever. This property is located on a prime, high-traffic corner of Stratford and is perfect for investors seeking a low-maintenance, high-yield asset with built-in diversification.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$239,040
|
$32.22
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$7,171
|
$0.97
|
| Effective Gross Income |
$231,869
|
$31.25
|
| Taxes |
$13,347
|
$1.80
|
| Operating Expenses |
$26,593
|
$3.58
|
| Total Expenses |
$39,940
|
$5.38
|
| Net Operating Income |
$191,929
|
$25.87
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $239,040 |
| Annual Per SF | $32.22 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $7,171 |
| Annual Per SF | $0.97 |
| Effective Gross Income | |
|---|---|
| Annual | $231,869 |
| Annual Per SF | $31.25 |
| Taxes | |
|---|---|
| Annual | $13,347 |
| Annual Per SF | $1.80 |
| Operating Expenses | |
|---|---|
| Annual | $26,593 |
| Annual Per SF | $3.58 |
| Total Expenses | |
|---|---|
| Annual | $39,940 |
| Annual Per SF | $5.38 |
| Net Operating Income | |
|---|---|
| Annual | $191,929 |
| Annual Per SF | $25.87 |
Property Facts
| Price | $2,450,000 | Apartment Style | Low-Rise |
| Price Per Unit | $272,222 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 7.83% | Building Size | 8,400 SF |
| No. Units | 9 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1910 |
| Zoning | RM-1 | ||
| Price | $2,450,000 |
| Price Per Unit | $272,222 |
| Sale Type | Investment |
| Cap Rate | 7.83% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 8,400 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1910 |
| Zoning | RM-1 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | STRA-000209-000003-000024 | Total Assessment | $332,010 (2025) |
| Land Assessment | $116,410 (2025) | Annual Taxes | $13,347 ($1.59/SF) |
| Improvements Assessment | $215,600 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
STRA-000209-000003-000024
Land Assessment
$116,410 (2025)
Improvements Assessment
$215,600 (2025)
Total Assessment
$332,010 (2025)
Annual Taxes
$13,347 ($1.59/SF)
Tax Year
2024
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2336-2342 Barnum Ave
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