Two-Unit Residential Income
For Sale
$699,000
171 Henry Street, Stamford, CT 06902
Two separate 2-bedroom units with off-street parking and yard space offer straightforward residential income living.
Property Size1,514 SF
Price / SF$461.69
Days on Market131
Property Features for 171 Henry Street
General Information
Standard status
Active
Size
1,514 SF
Property subtype
Multi-Family
Zoning
RMF
Taxes and HOA fees
Annual Taxes
$8,953
Amenities
Yes
Hot Water
10
Window Unit
Unfinished, Walk-up
Porch
Not Applicable
Building Details
Year Built
1920
Listing Agency:
Compass
Listed By:
Jennifer Leahy · License #RES.0798123
(917) 699-2783
Source:
Compass
Added: Jun 6
Changed: Oct 11
Last Checked: Oct 12 at 10:26PM
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 Compass
Investment Insights
Based on property information with market context.
This two-unit duplex presents two spacious residences, each occupying its own level. Each unit includes 2 bedrooms, 1 full bathroom, a generously sized living room, and an eat-in kitchen, with shared use of the front porch for both apartments. Additional utility space includes an unfinished lower level and a third floor that provides extra storage.
The property is located in Stamford’s South End, with proximity to downtown Stamford and Metro-North, along with waterfront amenities, shopping, dining, and major commuting routes. Walk score is noted as very walkable, and transit score is listed as good.
The layout can work well for an owner-occupant or an investor seeking a manageable two-unit configuration. With off-street parking for up to four vehicles and a spacious grassy front yard, the property supports practical day-to-day needs for residents.
The property is located in Stamford’s South End, with proximity to downtown Stamford and Metro-North, along with waterfront amenities, shopping, dining, and major commuting routes. Walk score is noted as very walkable, and transit score is listed as good.
The layout can work well for an owner-occupant or an investor seeking a manageable two-unit configuration. With off-street parking for up to four vehicles and a spacious grassy front yard, the property supports practical day-to-day needs for residents.
Key Highlights
- Income‑producing multifamily built in 1920 with 2 separate 2‑bedroom units
- Each unit offers 2 bedrooms, 1 full bathroom, a living room, and an eat‑in kitchen
- Units are set up on separate levels, plus shared access to the front porch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,133
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$582,660
$582.7K
Cap Rate 7%
$416,186
$416.2K
Cap Rate 9%
$323,700
$323.7K
Market Conditions
NOI Build-Up for 1,514 SF
Gross rent
$44.5K $29.40/SF
− Vacancy
−$2.9K −$1.91/SF
EGI
$41.6K $27.49/SF
− OpEx
−$12.5K −$8.25/SF
NOI
$29.1K $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%
$582,660
Cap Rate 7%
$416,186
Cap Rate 9%
$323,700
Alternative Uses
Best Use
Multifamily LT 5
$416.2K
$364.2K – $485.6K
NOI $29,133 @ 7.0% cap · market cap 4.17%
Second Best
Apartment 5plus
$372.2K
$325.7K – $434.3K
NOI $26,057 @ 7.0% cap · market cap 3.73%
Theoretical Best
Office A
$547.4K
$479.0K – $638.7K
NOI $38,320 @ 7.0% cap · market cap 5.48%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,912
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate 2-bedroom units with off-street parking and yard space offer straightforward residential income living.
Where is this duplex located?
The property is located at 171 Henry Street Stamford, CT.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Income‑producing multifamily built in 1920 with 2 separate 2‑bedroom units; Each unit offers 2 bedrooms, 1 full bathroom, a living room, and an eat‑in kitchen; Units are set up on separate levels, plus shared access to the front porch
