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Duplex with Separate Utilities
New
For Sale
$1,900,000

115 Parade Hill Road, New Canaan, CT 06840

Multi-Family For Sale, New Canaan, CT

Property Size3,003 SF
Lot Size0.29 Acres
Price / SF$632.70
Days on Market3

Property Features for 115 Parade Hill Road

General Information

Property type Residential Multi Family
Property subtype Other
Zoning BRES
Bedrooms 5
Bathrooms 5
Full bathrooms 4
Half bathrooms 1
Rooms Bathroom 5, Basement, Bedroom 1, Bedroom 4, Bedroom 5, Bathroom 4, Bathroom 2, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 2
Parking 5
Fireplace 1
Basement Full, Partial
Lot features Treed
Elementary school South
High school New Canaan
Directions GPS
Standard status Active
Size 3,003 SF
Lot size 0.29 Acres

Taxes and HOA fees

Tax Year 2027
Tax Annual Amount 13605

Utilities

Sewer type Public Sewer
Heating system Hot Water(Heating)
Cooling system Central Air
Water source Public

Amenities

central air
granite counters
stainless appliances
private deck
hardwood floors
Palladian windows
skylights
exposed brick
fireplace
terrace
private entrance
in-unit laundry
private patio
large backyard

Building Details

Year built 1963
Listing Agency: Coldwell Banker Realty · Coldwell Banker Real Estate
Listed By: Vi Iaropoli
Added: Sep 9 Changed: Sep 10 Last Checked: Sep 11 at 7:06AM
MLS# 24205495

Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This duplex at 115 Parade Hill Road contains 3,003 square feet across two residences on a 0.29-acre lot. The back-to-back layout provides separate outdoor areas, garages, parking, utilities, and entrances for each unit. Unit A includes three bedrooms, three full baths, a renovated en-suite bath, updated kitchen, dining room, fireplace, hardwood floors, finished walk-out lower level, and private deck. Unit B offers two bedrooms, 1.5 baths, an updated kitchen, open dining area, oversized living room, in-unit laundry, patio, and access to a large backyard.

Built in 1963, the property has central air, hot-water heating, a newer roof, public water, and public sewer. The property is located in New Canaan, near train service, shops, and restaurants. Its two-unit configuration supports an owner-occupant arrangement with rental income from the second residence or separate leasing of both units.

Key Highlights

  • Two‑unit duplex with 3,003 square feet on 0.29 acres
  • Back‑to‑back configuration with separate utilities, garages, parking, and outdoor areas
  • Unit A includes 3 bedrooms, 3 full baths, finished walk‑out lower level, and private deck

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Daycare Center Locksmith (Bike/Boat/Book/etc) Store Plumbing Service Barber Shop Butcher

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

2
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

108
Businesses Nearby

Demographics for 06840, CT

20,612
Population
7,668
Households
2.7
Avg Household Size
42
Median Age
83%
College-Educated
98%
High-School Grad
22.2 sq mi
ZIP Area
928
Density / Sq Mi
$250,001
Median Household Income
$106,456
Median Earnings
$3,501
Median Rent
$1,534,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two private residences offer distinct outdoor areas, parking, garages, and individual utility services.
Where is this duplex located?
The property is located at 115 Parade Hill Road New Canaan, CT.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Two‑unit duplex with 3,003 square feet on 0.29 acres; Back‑to‑back configuration with separate utilities, garages, parking, and outdoor areas; Unit A includes 3 bedrooms, 3 full baths, finished walk‑out lower level, and private deck
More about this property
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