Two-Building Triplex
For Sale
$2,500,000
20 Hanover St, Stamford, CT 06902
Six residential units span traditional and townhouse-style layouts with private decks, finished basements, and central air in select units.
Property Size7,025 SF
Price / SF$355.87
Days on Market87
Property Features for 20 Hanover St
General Information
Standard status
Active
Size
7,025 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
cosmetic renovations
Site & Location
Highway Access
Yes
Public Transit
Yes
Building Details
Year Built
2003
Listing Agency:
Keller Williams Prestige Prop.
Listed By:
Aaron Ramkalawan
(917) 207-4306
Source:
Bryanmorristeam
Added: Jul 21
Changed: Oct 13
Last Checked: Oct 7 at 2:32PM
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 Keller Williams Prestige Prop.
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Investment Insights
Based on property information with market context.
The property comprises two multifamily buildings with a combined 7,025 square feet of living area. The first building contains three two-bedroom, one-bath units totaling approximately 2,525 living square feet. The second building, completed in 2003, includes three two-bedroom, one-and-a-half-bath townhouse-style units totaling approximately 4,500 living square feet. These residences feature central air, finished basements, private decks, and townhouse-oriented floor plans.
Located at 20 Hanover St. in Stamford, the property offers access to Metro-North and I-95, with Stamford beaches and waterfront amenities within walking distance. The six-unit configuration combines two distinct multifamily formats at one address, supporting a varied residential layout across the portfolio.
Located at 20 Hanover St. in Stamford, the property offers access to Metro-North and I-95, with Stamford beaches and waterfront amenities within walking distance. The six-unit configuration combines two distinct multifamily formats at one address, supporting a varied residential layout across the portfolio.
Key Highlights
- Two‑building multifamily property totaling 7,025 square feet
- 20 Hanover St. in Stamford, CT 06902
- Building A: approximately 2,525 living sqft with (3) 2BR/1BA units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$135,177
Cap Rate
5.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,703,540
$2.7M
Cap Rate 7%
$1,931,100
$1.9M
Cap Rate 9%
$1,501,967
$1.5M
Market Conditions
NOI Build-Up for 7,025 SF
Gross rent
$206.5K $29.40/SF
− Vacancy
−$13.4K −$1.91/SF
EGI
$193.1K $27.49/SF
− OpEx
−$57.9K −$8.25/SF
NOI
$135.2K $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 Rate 5%
$2,703,540
Cap Rate 7%
$1,931,100
Cap Rate 9%
$1,501,967
Alternative Uses
Best Use
Multifamily LT 5
$1.93M
$1.69M – $2.25M
NOI $135,177 @ 7.0% cap · market cap 5.41%
Second Best
Apartment 5plus
$1.73M
$1.51M – $2.02M
NOI $120,903 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$2.54M
$2.22M – $2.96M
NOI $177,804 @ 7.0% cap · market cap 7.11%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,760
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Six residential units span traditional and townhouse-style layouts with private decks, finished basements, and central air in select units.
Where is this triplex located?
The property is located at 20 Hanover St Stamford, CT.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Two‑building multifamily property totaling 7,025 square feet; 20 Hanover St. in Stamford, CT 06902; Building A: approximately 2,525 living sqft with (3) 2BR/1BA units
