Remodeled Duplex with Finished
For Sale
$999,000
19 Davenport Street, Stamford, CT 06902
MULTI_FAMILY - Stamford, CT
Property Size2,090 SF
Lot Size0.10 Acres
Price / SF$477.99
Days on Market18
Property Features for 19 Davenport Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
9
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 4, Bathroom 2, Bathroom 3, Basement, Bedroom 2, Bedroom 6, Bedroom 3, Bedroom 5, Bedroom 1, Bedroom 8, Bedroom 9, Bedroom 7
Parking
4
Patio and Porch features
Deck
Exterior features
Shed,Deck
Basement
Partially Finished, Full
Lot features
Level Lot
Elementary school
Per Board of Ed
High school
Per Board of Ed
Directions
GPS
Subdivision
Waterside
Standard status
Active
Size
2,090 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
8170
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Water source
Public
Building Details
Year built
1950
Architectural style
Other
Listing Agency:
Keller Williams Realty Prtnrs.
(203) 459-4663
Listed By:
Angela Morales · License #REB.0757443
(203) 292-0203
Added: Jul 28
Changed: Aug 5
Last Checked: Aug 14 at 12:06PM
MLS# 24194303
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 2,090-square-foot legal two-family property was built in 1950 on a 0.1-acre lot. The interior was remodeled with sheetrock after removal of the original plaster. The partially finished basement includes a full bathroom, while the main living areas provide kitchens, bedrooms, bathrooms, and living rooms across the building’s residential spaces. Exterior features include a deck and shed.
The property is located in Stamford’s Waterside neighborhood at 19 Davenport Street. It is served by public water and public sewer and is situated in the R5 zoning district. Flood insurance is needed for the property.
The property is located in Stamford’s Waterside neighborhood at 19 Davenport Street. It is served by public water and public sewer and is situated in the R5 zoning district. Flood insurance is needed for the property.
Key Highlights
- 2,090 SF legal two‑family property on a 0.1‑acre lot
- Interior remodeled with sheetrock after plaster removal
- Partially finished basement with a full bathroom
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
$40,216
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
4.03%
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%
$804,320
$804.3K
Cap Rate 7%
$574,514
$574.5K
Cap Rate 9%
$446,844
$446.8K
Market Conditions
NOI Build-Up for 2,090 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
$61.4K $29.40/SF
− Vacancy
−$4.0K −$1.91/SF
EGI
$57.5K $27.49/SF
− OpEx
−$17.2K −$8.25/SF
NOI
$40.2K $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%
$804,320
Cap Rate 7%
$574,514
Cap Rate 9%
$446,844
Alternative Uses
Best Use
Multifamily LT 5
$574.5K
$502.7K – $670.3K
NOI $40,216 @ 7.0% cap · market cap 4.03%
Second Best
Apartment 5plus
$513.9K
$449.6K – $599.5K
NOI $35,970 @ 7.0% cap · market cap 3.60%
Theoretical Best
Office A
$755.7K
$661.2K – $881.6K
NOI $52,898 @ 7.0% cap · market cap 5.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,051
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
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 - Legal two-family property with multiple living areas, public utilities, a deck, and a partially finished basement bathroom.
Where is this duplex located?
The property is located at 19 Davenport Street Stamford, CT.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 2,090 SF legal two‑family property on a 0.1‑acre lot; Interior remodeled with sheetrock after plaster removal; Partially finished basement with a full bathroom
