Renovated Two-Family
For Sale
$700,000
Pending
1 Plymouth Rd, Stamford, CT 06906
Renovated two-family duplex with hardwood floors, updated windows, natural gas, and a two-car garage.
Property Size3,120 SF
Days on Market24
Property Features for 1 Plymouth Rd
General Information
Standard status
Pending
Size
3,120 SF
Total Parking Spaces
2
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Building Details
Building Size
3,120 SF
Year Built
1953
Listing Agency:
Coldwell Banker Realty | South Windsor
(860) 808-7399
Listed By:
Alexander Pryor
(860) 808-7399
Source:
Elliman
Added: Jul 24
Changed: Aug 8
Last Checked: Aug 16 at 6:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty | South Windsor
Investment Insights
Based on property information with market context.
This renovated two-family duplex offers updated interior finishes and recent upgrades, including hardwood floors and updated windows. The property is serviced by natural gas and includes a two-car garage, adding practical off-street parking for residents or tenants. The home sits on a level lot.
The property is located at 1 Plymouth Rd in Stamford, CT 06906. Mobility scores provided include a Walk Score of 49 (Car-Dependent), a Transit Score of 41 (Some Transit), and a Bike Score of 25 (Somewhat Bikeable).
Overall, the building presents a clean, upgraded two-unit configuration with core building systems and exterior openings refreshed, along with attached garage parking.
The property is located at 1 Plymouth Rd in Stamford, CT 06906. Mobility scores provided include a Walk Score of 49 (Car-Dependent), a Transit Score of 41 (Some Transit), and a Bike Score of 25 (Somewhat Bikeable).
Overall, the building presents a clean, upgraded two-unit configuration with core building systems and exterior openings refreshed, along with attached garage parking.
Key Highlights
- Renovated two‑family duplex built in 1953
- Hardwood floors and updated windows throughout
- Natural gas service
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
$60,036
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
8.58%
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%
$1,200,720
$1.2M
Cap Rate 7%
$857,657
$857.7K
Cap Rate 9%
$667,067
$667.1K
Market Conditions
NOI Build-Up for 3,120 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
$91.7K $29.40/SF
− Vacancy
−$6.0K −$1.91/SF
EGI
$85.8K $27.49/SF
− OpEx
−$25.7K −$8.25/SF
NOI
$60.0K $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%
$1,200,720
Cap Rate 7%
$857,657
Cap Rate 9%
$667,067
Alternative Uses
Best Use
Multifamily LT 5
$857.7K
$750.5K – $1.00M
NOI $60,036 @ 7.0% cap · market cap 8.58%
Second Best
Apartment 5plus
$767.1K
$671.2K – $895.0K
NOI $53,697 @ 7.0% cap · market cap 7.67%
Theoretical Best
Office A
$1.13M
$987.1K – $1.32M
NOI $78,968 @ 7.0% cap · market cap 11.28%
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
1,554
Businesses Nearby
Explore this area
Business Placement
Demographics for 06906, CT
9,902
Population
3,727
Households
2.7
Avg Household Size
38
Median Age
47%
College-Educated
80%
High-School Grad
1.3 sq mi
ZIP Area
7,617
Density / Sq Mi
$91,710
Median Household Income
$45,518
Median Earnings
$2,207
Median Rent
$576,200
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 - Renovated two-family duplex with hardwood floors, updated windows, natural gas, and a two-car garage.
Where is this duplex located?
The property is located at 1 Plymouth Rd Stamford, CT.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Renovated two‑family duplex built in 1953; Hardwood floors and updated windows throughout; Natural gas service
