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265 Greenwich Ave 6 Unit Apartment Building $2,300,000 ($383,333/Unit) 7.99% Cap Rate Stamford, CT 06902
INVESTMENT HIGHLIGHTS
- 6-unit asset in Stamford’s Waterside neighborhood, minutes to Metro-North & Amtrak
- Value-add potential to increase rents and additional income further
- 13 off-street parking spaces and tenant-paid heat/hot water
EXECUTIVE SUMMARY
National Multifamily is pleased to present 265 Greenwich Avenue, a 6-unit multifamily property located in the Waterside neighborhood of Stamford, CT. The property is approximately 0.5 miles from the Stamford Train Station, a major regional transit hub served by Metro-North, Amtrak, and extensive bus service.
The building contains 5,760 rentable square feet across three stories and was built in 1919. It is situated on a 0.18-acre lot with 13 off-street parking spaces located on the rear. The property is comprised of six residential units, three of which are currently rented to Section 8, providing steady rental income. Tenants pay for heat and hot water through individual gas boilers and hot water heaters.
The property offers straightforward value-add potential, including the opportunity to generate additional income by charging for parking and the potential to add coin-op laundry in the basement.
The building contains 5,760 rentable square feet across three stories and was built in 1919. It is situated on a 0.18-acre lot with 13 off-street parking spaces located on the rear. The property is comprised of six residential units, three of which are currently rented to Section 8, providing steady rental income. Tenants pay for heat and hot water through individual gas boilers and hot water heaters.
The property offers straightforward value-add potential, including the opportunity to generate additional income by charging for parking and the potential to add coin-op laundry in the basement.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$238,248
|
$41.36
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$7,147
|
$1.24
|
| Effective Gross Income |
$231,101
|
$40.12
|
| Taxes |
$18,394
|
$3.19
|
| Operating Expenses |
$29,002
|
$5.04
|
| Total Expenses |
$47,396
|
$8.23
|
| Net Operating Income |
$183,705
|
$31.89
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $238,248 |
| Annual Per SF | $41.36 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $7,147 |
| Annual Per SF | $1.24 |
| Effective Gross Income | |
|---|---|
| Annual | $231,101 |
| Annual Per SF | $40.12 |
| Taxes | |
|---|---|
| Annual | $18,394 |
| Annual Per SF | $3.19 |
| Operating Expenses | |
|---|---|
| Annual | $29,002 |
| Annual Per SF | $5.04 |
| Total Expenses | |
|---|---|
| Annual | $47,396 |
| Annual Per SF | $8.23 |
| Net Operating Income | |
|---|---|
| Annual | $183,705 |
| Annual Per SF | $31.89 |
PROPERTY FACTS
| Price | $2,300,000 | Building Class | C |
| Price Per Unit | $383,333 | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 5,760 SF |
| Cap Rate | 7.99% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1919 |
| Property Subtype | Apartment | Parking Ratio | 2.26/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | Commercial | ||
| Price | $2,300,000 |
| Price Per Unit | $383,333 |
| Sale Type | Investment |
| Cap Rate | 7.99% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 5,760 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1919 |
| Parking Ratio | 2.26/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | Commercial |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 6 | - | - |
1 1
Walk Score®
Very Walkable (79)
Transit Score®
Excellent Transit (71)
Bike Score®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Number | STAM-000001-000000-002783 | Total Assessment | $768,990 |
| Land Assessment | $157,250 | Annual Taxes | $18,394 ($3.19/SF) |
| Improvements Assessment | $611,740 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
STAM-000001-000000-002783
Land Assessment
$157,250
Improvements Assessment
$611,740
Total Assessment
$768,990
Annual Taxes
$18,394 ($3.19/SF)
Tax Year
2025
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265 Greenwich Ave
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