Updated Two-Family
60 Stephen Street Stamford, CT 06902
60 Stephen Street, Stamford, CT, 06902
$799,900
For Sale
$799,900
MULTI_FAMILY - Stamford, CT
Property Size2,408 SF
Lot Size0.10 Acres
Price / SF$332.18
Days on Market11
Property Features for 60 Stephen Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R5
- Bedrooms
- 7
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bedroom 5, Bathroom 1, Basement, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 6, Bedroom 1, Bedroom 7
- Parking
- 4
- Basement
- Full
- Standard status
- Active
- Size
- 2,408 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 9319
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1925
- Architectural style
- Other
Listing agency
BHGRE Shore & Country
(203) 504-5005
Listed by
Mei Ling Cheung
(914) 752-8788
Added: Jul 12 Updated: Jul 19 at 7:20AM Checked: Jul 22 at 7:06AM
MLS# 24190866
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 updated two-family duplex offers two separate living configurations with gas heat and gas cooking. The 2nd and 3rd floor unit includes three bedrooms, an office, and a large bonus room, along with a modern eat-in kitchen featuring quartz countertops and newer appliances. The 1st floor layout provides two bedrooms, an office/3rd bedroom, an eat-in kitchen, and a living room. Separate utilities are supported by 3 electric meters and 2 gas meters, serviced by an updated 200 amp service.
Located at 60 Stephen Street in Stamford, CT 06902, the property is zoned R5 and includes a newer roof (approximately 2 years old). Parking is available via a 2-car garage plus additional off-street parking.
Set up for rental use, the building combines updated interior elements and utility separation to support independent tenant operations.
Located at 60 Stephen Street in Stamford, CT 06902, the property is zoned R5 and includes a newer roof (approximately 2 years old). Parking is available via a 2-car garage plus additional off-street parking.
Set up for rental use, the building combines updated interior elements and utility separation to support independent tenant operations.
Key Highlights
- Rental income reported as $3,600 + $2,600, with cap rate 7%+.
- Stamford 2‑family built in 1925 with updated 2nd & 3rd floor unit.
- 2nd/3rd floor unit features 3 bedrooms, office, large bonus room, and modern eat‑in kitchen with quartz countertops and newer appliances.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $70.8k | $29.40 |
| − Vacancy | −$4.6k | −$1.91 |
| EGI | $66.2k | $27.49 |
| − OpEx | −$19.9k | −$8.25 |
| NOI | $46.3k | $19.24 |
2,408 SF · lease $29.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$661.9K
$579.2K – $772.3K
NOI $46,335 @ 7.0% cap · market cap 5.79%
Second Best
Apartment 5plus
$592.0K
$518.0K – $690.7K
NOI $41,443 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$870.7K
$761.8K – $1.02M
NOI $60,947 @ 7.0% cap · market cap 7.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Updated two-family duplex with separate utilities, gas heat, newer roof, and a 2-car garage plus off-street parking.
Where is this duplex located?
The property is located at 60 Stephen Street Stamford, CT.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Rental income reported as $3,600 + $2,600, with cap rate 7%+.; Stamford 2‑family built in 1925 with updated 2nd & 3rd floor unit.; 2nd/3rd floor unit features 3 bedrooms, office, large bonus room, and modern eat‑in kitchen with quartz countertops and newer appliances.
