#24095559, John Pellegrino, Listing Office: William Raveis Real Estate

700 Summer St Stamford, CT 09605
Property details
About 700 Summer St
**Investment Opportunity: Portfolio of 3 Condos in Prime Downtown Stamford - Offered as a Single Package** **Listing Price:** $1,300,000 **Monthly Rent Roll:** $7,675 **Total Units:** 3 (All 2-Bedroom, 1-Bath) **Total Living Space:** Approx. 2,125 Sq Ft **Monthly Maintenance Fees:** $1,452 **Annual Property Taxes:** $9,789 **Lease Terms:** * 1 Unit: Long-Term Lease * 2 Units: Annual Leases **Property Overview:** An attractive investment package consisting of three income-producing condos, being sold as a single entity (not available individually). Located in the heart of **Downtown Stamford**, this offering provides immediate cash flow, diversification of lease terms, and long-term growth potential in one of Connecticut's most dynamic urban centers. **Prime Location:** Situated in Downtown Stamford, the property is surrounded by top-tier amenities including shopping, dining, and entertainment. With convenient access to major transit routes and a direct train line to New York City, this area is a hotbed for both residential demand and long-term appreciation. **Investment Highlights:** **Stable Income Stream:** $7,675/month in rental income across three units. With two annual leases and one long-term tenant in place, the current rent roll offers consistent cash flow with a balanced lease structure.
Highlights
Summary
- Full Bathrooms: 3
- Appliances: Gas Cooktop, Oven/Range, Refrigerator, Freezer, Dishwasher
- Basement: Yes
- Total Bedroom Count: 4
- Attached Garage: No
- Private Pool: No
- Parking: None, Unassigned Parking
- View: City
- Exterior: Balcony
- Heating: Radiant
- Cooling: Wall Unit(s)
- List Price: $1,300,000
- Price/SqFt: $611
- HOA Amount: $1452 Monthly
- Lot: City Lot
- Directions: 700 Summer Street Stamford, Public Street Parking available
- Year Built: 1961
- Living Area: 2,125 SqFt
- MLS Number: 24077913
- Office Name: Douglas Elliman of Connecticut
- Office Phone: (203) 622-4900
- Office Email: Richard.Esman@Elliman.com
- Listing Agent: Richard Esman
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Last updated on: 6/3/2025, 5:20:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,300,000
700 Summer St
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Price information
Property sales
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Tax history
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Nearby schools
4
Hart School
Public District KG-5
0.4 mi
•61 Adams Ave
7
Stamford Charter School for Excellence
Public Charter KG-6
0.5 mi
•1 Schuyler Ave
6
Strawberry Hill an Ext. of Rogers International
Public Magnet KG-5
0.7 mi
•200 Strawberry Hill Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $70,347. Typical income of Stamford, CT residents is between $35k-100k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.
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Frequently asked questions
About 700 Summer St
The listing price of 700 Summer St property is $1,300,000.
The property 700 Summer St is a condo located in Stamford, Connecticut, 09605.
Active Listing: 700 Summer St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 700 Summer St are: Hart School (GreatSchools Rating 4/10), Stamford Charter School for Excellence (GreatSchools Rating 7/10), Strawberry Hill an Ext. of Rogers International (GreatSchools Rating 6/10), Cloonan School (GreatSchools Rating 3/10), Rogers International School (GreatSchools Rating 6/10), Dolan School (GreatSchools Rating 4/10), J. M. Wright Technical High School (GreatSchools Rating 5/10), Stamford High School (GreatSchools Rating 3/10), The Academy of Information Technology & Engineering (GreatSchools Rating 6/10).
The property at 700 Summer St has 4 bedrooms and 3 bathrooms.
The property 700 Summer St is 2,125 SqFt (source: MLS/tax record).
The year of construction for 700 Summer St is 1961.
This home is located at 700 Summer St in Stamford, CT and zip code 06901 in the Downtown neighborhood. This 2,125 square foot home was built in 1961. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since March 15, 2025 and is currently priced at $1,300,000.
In May 2025 more than 77 listings in Stamford, CT were sold above the asking price. During the same period more than 9 listings were sold at asking price, while more than 27 were sold below. The inventory of homes for sale in Stamford, CT between April and May 2025 increased by 8.8%. While the average time on the market in May 2025 was 46 days, the median list price was $700,000.