Renovated Duplex With Attached
For Sale
$1,039,500
21 Hirsch Road, Stamford, CT 06905
Multi-Family For Sale, Units on different Floors, Stamford, CT
Property Size3,927 SF
Lot Size0.23 Acres
Price / SF$264.71
Days on Market149
Property Features for 21 Hirsch Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R75
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Basement, Bedroom 2, Bedroom 6, Bedroom 3, Bedroom 5, Bathroom 1, Bedroom 4, Bedroom 1, Bathroom 3
Parking
2
Patio and Porch features
Deck
Exterior features
Deck
Fireplace
1
Basement
Full, Partially Finished
Lot features
Lightly Wooded, Level Lot
Elementary school
Newfield
High school
Stamford
Directions
Use GPS or Strawberry Hill Ave to Newfield Ave to Hirsch Rd (Across from Newfield Shopping Center)
Subdivision
Newfield
Standard status
Active
Size
3,927 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
13205
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Cooling system
Window Unit(s)
Water source
Public
Amenities
sunroom
new porch
attached garage
private backyard
Building Details
Year built
1942
Architectural style
Other
Listing Agency:
Keller Williams Prestige Prop. · Keller Williams Realty
(203) 327-6700
Listed By:
Hy Natarajan · License #RES.0795327
(203) 391-8044
Added: Apr 10
Changed: Sep 5
Last Checked: Sep 5 at 10:06AM
MLS# 24166172
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 renovated duplex contains two separate residences within a 3,927-square-foot property built in 1942. The first-floor home includes three bedrooms, two full bathrooms, a living room, dining area, eat-in kitchen, sunroom, and lower-level space that can function as an office, family room, or playroom. The second-floor residence provides three to four bedrooms, one full bathroom, an eat-in kitchen, and a living room. An attached garage, deck, new porch, fireplace, and private backyard add useful indoor and outdoor features.
The property occupies 0.23 acres in Stamford, near shopping, dining, entertainment, and transportation. Downtown Stamford and the train station are minutes away. Public water and public sewer serve the property, which is zoned R75. Heating is provided by hot water, with window-unit cooling.
The property occupies 0.23 acres in Stamford, near shopping, dining, entertainment, and transportation. Downtown Stamford and the train station are minutes away. Public water and public sewer serve the property, which is zoned R75. Heating is provided by hot water, with window-unit cooling.
Key Highlights
- Two‑family property with 3,927 square feet on 0.23 acres
- First‑floor unit has 3 bedrooms, 2 full bathrooms, and lower‑level flex space
- Second‑floor unit includes 3 to 4 bedrooms and 1 full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$75,565
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,511,300
$1.5M
Cap Rate 7%
$1,079,500
$1.1M
Cap Rate 9%
$839,611
$839.6K
Market Conditions
NOI Build-Up for 3,927 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$115.5K $29.40/SF
− Vacancy
−$7.5K −$1.91/SF
EGI
$107.9K $27.49/SF
− OpEx
−$32.4K −$8.25/SF
NOI
$75.6K $19.24/SF
Area
Stamford, CT
Vacancy
6.50%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,511,300
Cap Rate 7%
$1,079,500
Cap Rate 9%
$839,611
Alternative Uses
Best Use
Multifamily LT 5
$1.08M
$944.6K – $1.26M
NOI $75,565 @ 7.0% cap · market cap 7.27%
Second Best
Apartment 5plus
$965.5K
$844.8K – $1.13M
NOI $67,585 @ 7.0% cap · market cap 6.50%
Theoretical Best
Office A
$1.42M
$1.24M – $1.66M
NOI $99,393 @ 7.0% cap · market cap 9.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
330
Businesses Nearby
Explore this area
Business Placement
Demographics for 06905, CT
21,809
Population
8,726
Households
2.5
Avg Household Size
39
Median Age
62%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
4,276
Density / Sq Mi
$132,730
Median Household Income
$70,273
Median Earnings
$2,330
Median Rent
$608,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer flexible layouts, private outdoor space, and public water and sewer service.
Where is this duplex located?
The property is located at 21 Hirsch Road Stamford, CT.
What is the asking price?
The asking price for this property is $1,039,500.
What are key features of this property?
This property features: Two‑family property with 3,927 square feet on 0.23 acres; First‑floor unit has 3 bedrooms, 2 full bathrooms, and lower‑level flex space; Second‑floor unit includes 3 to 4 bedrooms and 1 full bathroom
