Duplex with Fenced
New
For Sale
$695,000
177 Hope Street, Stamford, CT 06906
MULTI_FAMILY - Stamford, CT
Property Size1,525 SF
Lot Size0.28 Acres
Price / SF$455.74
Days on Market2
Property Features for 177 Hope Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R75
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 3, Bathroom 1, Bedroom 1, Basement, Bedroom 2, Bathroom 2, Bedroom 3
Parking
6
Patio and Porch features
Deck
Exterior features
Deck
Fireplace
1
Basement
Full, Unfinished, Concrete
Lot features
Level Lot, Rolling
Elementary school
Julia A. Stark
High school
Stamford
Directions
Hope Street opposite Kennedy Lane, near Frisbie Street
Subdivision
Glenbrook
Standard status
Active
Size
1,525 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2027
Tax Annual Amount
9659
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1950
Architectural style
Other
Listing Agency:
BHGRE Shore & Country
(203) 504-5005
Listed By:
Kenny Clyburn
(203) 442-3508
Added: Aug 19
Last Checked: Aug 20 at 10:06AM
MLS# 24199536
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 1,525-square-foot duplex, built in 1950, includes two separate residential units and a full unfinished basement. The first-floor residence offers two bedrooms, a living room with fireplace, kitchen with center island, deck access, and a window-lined sunroom with skylights. The second-floor unit contains one bedroom, a living room, kitchen, hardwood floors, and a bathroom. Basement features include laundry and storage. The property is offered as-is and is identified as a candidate for comprehensive remodeling. Public water and sewer serve the property, with hot-water heat and window-unit cooling. The 0.28-acre parcel includes a driveway with room for multiple vehicles and a large fenced backyard in Stamford’s Glenbrook area.
Key Highlights
- Two‑unit duplex with 1,525 square feet of property size
- 0.28‑acre parcel with a large fenced backyard
- First‑floor unit includes 2 BRs, fireplace, center‑island kitchen, deck, and sunroom
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
$29,345
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
4.22%
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%
$586,900
$586.9K
Cap Rate 7%
$419,214
$419.2K
Cap Rate 9%
$326,056
$326.1K
Market Conditions
NOI Build-Up for 1,525 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
$44.8K $29.40/SF
− Vacancy
−$2.9K −$1.91/SF
EGI
$41.9K $27.49/SF
− OpEx
−$12.6K −$8.25/SF
NOI
$29.3K $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%
$586,900
Cap Rate 7%
$419,214
Cap Rate 9%
$326,056
Alternative Uses
Best Use
Multifamily LT 5
$419.2K
$366.8K – $489.1K
NOI $29,345 @ 7.0% cap · market cap 4.22%
Second Best
Apartment 5plus
$374.9K
$328.1K – $437.4K
NOI $26,246 @ 7.0% cap · market cap 3.78%
Theoretical Best
Office A
$551.4K
$482.5K – $643.3K
NOI $38,598 @ 7.0% cap · market cap 5.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,426
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
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-unit property with a deck, basement storage, and public utilities.
Where is this duplex located?
The property is located at 177 Hope Street Stamford, CT.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,525 square feet of property size; 0.28‑acre parcel with a large fenced backyard; First‑floor unit includes 2 BRs, fireplace, center‑island kitchen, deck, and sunroom
