This exciting opportunity at 41 Southfield Avenue provides a legal six-unit multifamily apartment community in the up-and-coming Waterside neighborhood of Stamford, Connecticut. With limited vacancies and 5-year average annual rent growth of 3.4%, the submarket presents a valuable target for savvy investors. 41 Southfield Avenue was built on the 0.15-acre lot in 1906 and comprises 6,696 square feet across three stories. This charming property features large bay windows overlooking a lush yard with manicured hedges. The unit mix is comprised of both one- and two-bedroom apartments of approximately 1,116 square feet each. The walkable street surrounding the property have emerged as one of the city’s most popular destinations for new investment in recent years. Just across the street is the 218-unit Harbor Landing apartment community, built in 2018, which demonstrates the desirability of rental units in the area. Residents are attracted and retained by 41 Southfield Avenue’s fantastic access to walkable dining, including Prime, Veronica’s, Crab Shell, Half Full Brewery, and Purple Stars Deli. Dedicated boating enthusiasts love being just blocks from their boat at the Harbor Point Marina, and professionals working at the nearby Harbor Landing business park can reduce their commutes to just a few hundred feet. The area also features the newly revitalized John J Boccuzzi Park, offering walkable paths, a playground, sports fields, and kayak and paddleboat rentals. Rental properties in the area are supported by a growing 3-mile population of almost 125,000. With 60% of these residents renting their homes, and with an average household income of more than $133,000, household segment spending surpassed $54,000,000 during 2024. Secure a stable investment in the growing Waterside hub of Stamford with the apartments at 41 Southfield Avenue.