Two-Unit Duplex
For Sale
$555,000
12 Chestnut Street, Stamford, CT 06902
Multi-Family For Sale, Units on different Floors, Stamford, CT
Property Size2,204 SF
Lot Size0.08 Acres
Price / SF$251.81
Days on Market77
Property Features for 12 Chestnut Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 6, Bedroom 4, Bathroom 2, Bedroom 1, Bedroom 5, Bedroom 3, Bathroom 1
Lot features
Level Lot
Elementary school
Per Board of Ed
High school
Per Board of Ed
Directions
Adams to Chestnut
Subdivision
Mid City
Standard status
Active
Size
2,204 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7844
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Water source
Public
Building Details
Year built
1920
Architectural style
Other
Listing Agency:
William Pitt Sotheby's Int'l · Sotheby's International Realty
(203) 968-1500
Listed By:
Patricia Rattray
(203) 570-2096
Added: Aug 5
Changed: Oct 18
Last Checked: Oct 20 at 3:06AM
MLS# 24196946
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.
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Investment Insights
Based on property information with market context.
This legally established two-family residence contains two units across two stories, with 2,204 square feet of living area and 3,236 square feet of gross area. The layout includes 12 total rooms, six bedrooms, and two full bathrooms. Combination-fuel hot water baseboard heating serves the property, which is offered in as-is condition.
The property occupies a 3,500-square-foot lot, or 0.08 acres, and carries R5 zoning. Public water and public sewer serve the residence. Built in 1920, the building presents an existing two-unit configuration with renovation or continued rental use identified in the property information.
The property occupies a 3,500-square-foot lot, or 0.08 acres, and carries R5 zoning. Public water and public sewer serve the residence. Built in 1920, the building presents an existing two-unit configuration with renovation or continued rental use identified in the property information.
Key Highlights
- Legally established two‑family residence with 2 units across two stories
- 2,204 square feet of living area and 3,236 square feet gross
- 6 bedrooms, 2 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.
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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
Frequently Asked Questions
What type of property is this?
Duplex - Legally established two-family residence with separate units arranged across two stories.
Where is this duplex located?
The property is located at 12 Chestnut Street 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 2 units across two stories; 2,204 square feet of living area and 3,236 square feet gross; 6 bedrooms, 2 full bathrooms, and 12 total rooms
