Updated Side-by-Side
New
For Sale
$1,095,000
124 Pine Hill Avenue, Stamford, CT 06906
Multi-Family For Sale, Units are Side-by-Side, Stamford, CT
Property Size3,034 SF
Lot Size0.26 Acres
Price / SF$360.91
Days on Market1
Property Features for 124 Pine Hill Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6
Bedrooms
6
Bathrooms
4
Full bathrooms
2
Half bathrooms
2
Rooms
Bathroom 2, Bedroom 5, Bedroom 4, Bedroom 1, Bedroom 6, Bathroom 4, Bedroom 3, Bathroom 3, Bathroom 1, Basement, Bedroom 2
Parking
4
Basement
Full
Elementary school
Per Board of Ed
High school
Per Board of Ed
Directions
Hope St. to Pine Hill Ave.
Subdivision
Glenbrook
Standard status
Active
Size
3,034 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
11601
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Cooling system
Central Air
Water source
Public
Amenities
central air
washer/dryer in unit
Building Details
Year built
1952
Architectural style
Other
Listing Agency:
Keller Williams Prestige Prop. · Keller Williams Realty
(203) 327-6700
Listed By:
Aaron Ramkalawan
(917) 207-4306
Added: Sep 10
Last Checked: Sep 10 at 8:06PM
MLS# 24201792
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 2-family duplex offers 3,034 square feet across side-by-side residences, each with a bright layout, hardwood flooring in the main living areas, and an open connection between the living, dining, and kitchen spaces. White shaker cabinets, granite countertops, stainless steel appliances, central air, and in-unit washers and dryers serve both units. Separate utilities and entrances provide functional independence, while finished lower-level areas add flexible space for bedrooms, offices, or recreation.
The property occupies 0.26 acres and includes a level front lawn, wide driveway, and additional rear parking. Built in 1952, it has public water and public sewer and is zoned R6. The Glenbrook Metro-North station is within walking distance, as are restaurants, cafes, and services along Hope Street. Downtown Stamford, shopping, and major highways are described as minutes away.
The property occupies 0.26 acres and includes a level front lawn, wide driveway, and additional rear parking. Built in 1952, it has public water and public sewer and is zoned R6. The Glenbrook Metro-North station is within walking distance, as are restaurants, cafes, and services along Hope Street. Downtown Stamford, shopping, and major highways are described as minutes away.
Key Highlights
- 2‑family side‑by‑side duplex with 3,034 square feet
- 0.26‑acre lot with wide driveway and additional rear parking
- Two residences with separate entrances and utilities
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
$58,381
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
5.33%
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%
$1,167,620
$1.2M
Cap Rate 7%
$834,014
$834.0K
Cap Rate 9%
$648,678
$648.7K
Market Conditions
NOI Build-Up for 3,034 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
$89.2K $29.40/SF
− Vacancy
−$5.8K −$1.91/SF
EGI
$83.4K $27.49/SF
− OpEx
−$25.0K −$8.25/SF
NOI
$58.4K $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 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%
$1,167,620
Cap Rate 7%
$834,014
Cap Rate 9%
$648,678
Alternative Uses
Best Use
Multifamily LT 5
$834.0K
$729.8K – $973.0K
NOI $58,381 @ 7.0% cap · market cap 5.33%
Second Best
Apartment 5plus
$745.9K
$652.7K – $870.3K
NOI $52,216 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$1.10M
$959.9K – $1.28M
NOI $76,791 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,452
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Two residences feature separate entrances, individual utilities, central air, and finished lower-level space.
Where is this duplex located?
The property is located at 124 Pine Hill Avenue Stamford, CT.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: 2‑family side‑by‑side duplex with 3,034 square feet; 0.26‑acre lot with wide driveway and additional rear parking; Two residences with separate entrances and utilities
