Updated Duplex
For Sale
$1,199,900
16 Greenwood Hill, Stamford, CT 06902
Two residential units offer five-plus bedrooms, two and a half bathrooms, gas boilers, and upgraded electrical systems on each side.
Property Size5,407 SF
Price / SF$221.92
Days on Market76
Property Features for 16 Greenwood Hill
General Information
Standard status
Active
Size
5,407 SF
Property subtype
2 Family
Building Details
Year Built
1880
Listing Agency:
William Raveis Real Estate
(203) 876-7507
Listed By:
Mitchell Stevenson · License #REB.0751342
(203) 685-7324
Source:
Lockandkeyre
Added: Jul 31
Changed: Oct 13
Last Checked: Oct 12 at 7:59PM
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 Raveis Real Estate
Investment Insights
Based on property information with market context.
This duplex includes two residential sides, each with five or more bedrooms and two and a half bathrooms. Recent updates include gas boilers and electrical system improvements, supporting the property's residential income configuration. The building dates to 1880 and is located at 16 Greenwood Hill St in Stamford, Connecticut.
WalkScore is 88, indicating a Very Walkable setting, while BikeScore is 76, rated Very Bikeable. TransitScore is 71, classified as Excellent Transit. Showings require 24-hour notice.
WalkScore is 88, indicating a Very Walkable setting, while BikeScore is 76, rated Very Bikeable. TransitScore is 71, classified as Excellent Transit. Showings require 24-hour notice.
Key Highlights
- Two‑unit duplex configuration
- Each side includes five or more bedrooms and two and a half bathrooms
- Gas boilers serving the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$104,043
Cap Rate
8.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,080,860
$2.1M
Cap Rate 7%
$1,486,329
$1.5M
Cap Rate 9%
$1,156,033
$1.2M
Market Conditions
NOI Build-Up for 5,407 SF
Gross rent
$159.0K $29.40/SF
− Vacancy
−$10.3K −$1.91/SF
EGI
$148.6K $27.49/SF
− OpEx
−$44.6K −$8.25/SF
NOI
$104.0K $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 Rate 5%
$2,080,860
Cap Rate 7%
$1,486,329
Cap Rate 9%
$1,156,033
Alternative Uses
Best Use
Multifamily LT 5
$1.49M
$1.30M – $1.73M
NOI $104,043 @ 7.0% cap · market cap 8.67%
Second Best
Apartment 5plus
$1.33M
$1.16M – $1.55M
NOI $93,057 @ 7.0% cap · market cap 7.76%
Theoretical Best
Office A
$1.96M
$1.71M – $2.28M
NOI $136,852 @ 7.0% cap · market cap 11.41%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
4,820
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
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer five-plus bedrooms, two and a half bathrooms, gas boilers, and upgraded electrical systems on each side.
Where is this duplex located?
The property is located at 16 Greenwood Hill Stamford, CT.
What is the asking price?
The asking price for this property is $1,199,900.
What are key features of this property?
This property features: Two‑unit duplex configuration; Each side includes five or more bedrooms and two and a half bathrooms; Gas boilers serving the property
