Two-Unit Duplex
For Sale
$555,000
12 Chestnut, Stamford, CT 06902
Legally established two-family residence with separate units across two stories.
Property Size2,204 SF
Lot Size0.08 Acres
Price / SF$251.81
Days on Market72
Property Features for 12 Chestnut
General Information
Standard status
Active
Size
2,204 SF
Lot size
0.08 Acres
Property subtype
2 Family
Zoning
R5
Additional Details
Multifamily Units
2
Building Details
Year Built
1920
Stories
2
Listing Agency:
William Pitt Sotheby's Int'l
(203) 968-1500
Listed By:
Patricia Rattray · License #RES.0767824
(203) 570-2096
Source:
Lockandkeyre
Added: Aug 4
Changed: Oct 13
Last Checked: Oct 12 at 8:31PM
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 William Pitt Sotheby's Int'l
Investment Insights
Based on property information with market context.
Built in 1920, this legally established duplex contains two residential units within a two-story structure. The property provides 2,204 sq. ft. of living area and 3,236 sq. ft. gross, with six bedrooms, two full bathrooms, and 12 total rooms. Each unit contributes to the existing two-family configuration, while combination-fuel hot water baseboard heat serves the home.
The 3,500 sq. ft. lot is zoned R5 and identified under Land Use Code 104: 2-Family Residence. Located in downtown Stamford, the property is offered as-is and presents an existing residential income-property format for renovation or continued two-unit use.
The 3,500 sq. ft. lot is zoned R5 and identified under Land Use Code 104: 2-Family Residence. Located in downtown Stamford, the property is offered as-is and presents an existing residential income-property format for renovation or continued two-unit use.
Key Highlights
- Legally established two‑family residence with two units
- 2,204 sq. ft. of living area and 3,236 sq. ft. gross
- Six bedrooms, two full bathrooms, and 12 total rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,410
Cap Rate
7.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$848,200
$848.2K
Cap Rate 7%
$605,857
$605.9K
Cap Rate 9%
$471,222
$471.2K
Market Conditions
NOI Build-Up for 2,204 SF
Gross rent
$64.8K $29.40/SF
− Vacancy
−$4.2K −$1.91/SF
EGI
$60.6K $27.49/SF
− OpEx
−$18.2K −$8.25/SF
NOI
$42.4K $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 Rate 5%
$848,200
Cap Rate 7%
$605,857
Cap Rate 9%
$471,222
Alternative Uses
Best Use
Multifamily LT 5
$605.9K
$530.1K – $706.8K
NOI $42,410 @ 7.0% cap · market cap 7.64%
Second Best
Apartment 5plus
$541.9K
$474.2K – $632.2K
NOI $37,932 @ 7.0% cap · market cap 6.83%
Theoretical Best
Office A
$796.9K
$697.3K – $929.7K
NOI $55,784 @ 7.0% cap · market cap 10.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
5,127
Businesses Nearby
Explore this area
Business Placement
Demographics for 06902, CT
69,192
Population
30,142
Households
2.3
Avg Household Size
36
Median Age
44%
College-Educated
85%
High-School Grad
10.0 sq mi
ZIP Area
6,919
Density / Sq Mi
$92,527
Median Household Income
$48,285
Median Earnings
$2,139
Median Rent
$515,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Legally established two-family residence with separate units across two stories.
Where is this duplex located?
The property is located at 12 Chestnut Stamford, CT.
What is the asking price?
The asking price for this property is $555,000.
What are key features of this property?
This property features: Legally established two‑family residence with two units; 2,204 sq. ft. of living area and 3,236 sq. ft. gross; Six bedrooms, two full bathrooms, and 12 total rooms
