Multifamily with Townhouse-Style
20 Hanover Street Stamford, CT 06902
20 Hanover Street, Stamford, CT, 06902
$2,500,000
For Sale
$2,500,000
MULTI_FAMILY - Stamford, CT
Property Size7,025 SF
Lot Size0.26 Acres
Price / SF$355.87
Days on Market48
Property Features for 20 Hanover Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MG
- Bedrooms
- 12
- Bathrooms
- 9
- Rooms
- Bathroom 2, Bathroom 1, Bathroom 9, Bathroom 7, Bedroom 7, Bathroom 4, Bedroom 11, Bedroom 8, Bedroom 4, Bedroom 3, Bedroom 5, Bedroom 10, Bedroom 12, Bedroom 2, Bathroom 3, Bathroom 6, Bedroom 1, Bedroom 6, Basement, Bedroom 9, Bathroom 8, Bathroom 5
- Parking
- 8
- Basement
- Full, Partially Finished
- Standard status
- Active
- Size
- 7,025 SF
- Lot size
- 0.26 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 26138
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating)
- Cooling system
- Central Air, Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 2003
- Architectural style
- Other
Listing Agency
Keller Williams Prestige Prop.
(203) 327-6700
2777 Summer Street, Ridgefield, CT
Listed by
Aaron Ramkalawan
(917) 207-4306
Added: Jun 2 Checked: Jul 19 at 10:06 pm
MLS# 24180538
Listing URL
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.
20 Hanover Street presents a two-building multifamily in Stamford’s MG zoning district. 20 Hanover St. #A is described as a well-maintained traditional multifamily with (3) 2BR/1BA units, totaling approximately 2,525 living square feet.
20 Hanover St. #B was constructed in 2003 and includes (3) 2BR/1.5BA townhouse-style units, totaling approximately 4,500 living square feet. The units feature central air, finished basements, and private decks. The property is positioned with close proximity to Metro-North and I-95, with walkability to Stamford beaches and waterfront amenities.
20 Hanover St. #B was constructed in 2003 and includes (3) 2BR/1.5BA townhouse-style units, totaling approximately 4,500 living square feet. The units feature central air, finished basements, and private decks. The property is positioned with close proximity to Metro-North and I-95, with walkability to Stamford beaches and waterfront amenities.
Key Highlights
- Two traditional multifamily buildings on 20 Hanover St., totaling approx. 7,025 living sqft across (6) townhouse‑style units
- Building A (#A) features (3) 2BR/1BA units with approx. 2,525 living sqft
- Building B (#B) built in 2003 features (3) 2BR/1.5BA townhouse‑style units with approx. 4,500 living sqft
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $206.5k | $29.40 |
| − Vacancy | −$13.4k | −$1.91 |
| EGI | $193.1k | $27.49 |
| − OpEx | −$57.9k | −$8.25 |
| NOI | $135.2k | $19.24 |
7,025 SF · lease $29.40/SF/yr · vacancy 6.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Two-building multifamily offers (6) 2BR units, including townhouse-style homes with central air, finished basements, and private decks.
Where is this triplex located?
The property is located at 20 Hanover Street 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 traditional multifamily buildings on 20 Hanover St., totaling approx. 7,025 living sqft across (6) townhouse‑style units; Building A (#A) features (3) 2BR/1BA units with approx. 2,525 living sqft; Building B (#B) built in 2003 features (3) 2BR/1.5BA townhouse‑style units with approx. 4,500 living sqft
