Remodeled Duplex with Owner’s
12 Center Street Stamford, CT 06906
12 Center Street, Stamford, CT, 06906
$1,200,000
Pending
For Sale
$1,200,000
Pending
Fully remodeled multifamily offering three separate living spaces, an oversized heated two-car garage, and parking for about eight vehicles.
Property Size4,075 SF
Days on Market72
Property Features for 12 Center Street
General Information
- Standard status
- Pending
- Size
- 4,075 SF
- Property subtype
- Multi-Family / 2 Family
Building Details
- Year Built
- 1925
Listing agency
Giner Real Estate Inc.
(914) 263-0345
Listed by
Michael A. Tarallo
(914) 263-0345
Source
Compass
Added: May 12 Updated: Jul 22 at 7:18AM Checked: Jul 22 at 7:18AM
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 Giner Real Estate Inc.
Investment Insights
Based on property information with market context.
This fully remodeled multifamily property includes three separate living spaces and is delivered without residents. The centerpiece is a renovated duplex owner’s unit with a 3-bedroom, 2-full-bath layout, featuring an open-concept great room with a wood-burning stove and double sets of French doors opening to a private deck. A second private balcony extends the indoor/outdoor living area, and the kitchen includes stainless steel appliances, a gas cooktop, abundant counter space, and a large center island with seating that opens to the dining area.
The property also offers an attached oversized heated two-car garage with oversized bay doors and high ceilings, along with a private office with a half bathroom. Additional amenities include a carport and parking for approximately eight vehicles on a level lot.
The property also offers an attached oversized heated two-car garage with oversized bay doors and high ceilings, along with a private office with a half bathroom. Additional amenities include a carport and parking for approximately eight vehicles on a level lot.
Key Highlights
- Fully remodeled, move‑in ready multifamily with over 4,000 SF and three separate living spaces
- Duplex owner’s unit features 3 bedrooms and 2 full baths with an open‑concept great room, wood‑burning stove, and French doors to a private deck
- Kitchen includes stainless steel appliances and a gas cooktop, with abundant counter space and a large center island with seating
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 | $119.8k | $29.40 |
| − Vacancy | −$7.8k | −$1.91 |
| EGI | $112.0k | $27.49 |
| − OpEx | −$33.6k | −$8.25 |
| NOI | $78.4k | $19.24 |
4,075 SF · lease $29.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.12M
$980.2K – $1.31M
NOI $78,412 @ 7.0% cap · market cap 6.53%
Second Best
Mixed Use
$1.02M
$888.2K – $1.18M
NOI $71,058 @ 7.0% cap · market cap 5.92%
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $103,139 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Fully remodeled multifamily offering three separate living spaces, an oversized heated two-car garage, and parking for about eight vehicles.
Where is this duplex located?
The property is located at 12 Center Street Stamford, CT.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Fully remodeled, move‑in ready multifamily with over 4,000 SF and three separate living spaces; Duplex owner’s unit features 3 bedrooms and 2 full baths with an open‑concept great room, wood‑burning stove, and French doors to a private deck; Kitchen includes stainless steel appliances and a gas cooktop, with abundant counter space and a large center island with seating
