Triplex with Renovated
New
For Sale
$1,150,000
20 Hanover Street, Stamford, CT 06902
Multi-Family For Sale, Units on different Floors, Stamford, CT
Property Size2,525 SF
Lot Size0.13 Acres
Price / SF$455.45
Days on Market3
Property Features for 20 Hanover Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MG
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bedroom 6, Bedroom 3, Bedroom 5, Bathroom 1, Bathroom 3, Basement, Bedroom 2, Bedroom 4, Bedroom 1
Parking
4
Patio and Porch features
Porch
Exterior features
Porch
Basement
Unfinished, Full
Elementary school
Per Board of Ed
High school
Per Board of Ed
Directions
Shippan Ave to Hanover St.
Subdivision
Shippan
Standard status
Active
Size
2,525 SF
Lot size
0.13 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
11127
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Water source
Public
Amenities
enclosed porch
Building Details
Year built
1917
Architectural style
Other
Listing Agency:
Keller Williams Prestige Prop. · Keller Williams Realty
(203) 327-6700
Listed By:
Aaron Ramkalawan
(917) 207-4306
Added: Oct 29
Last Checked: Oct 31 at 1:06AM
MLS# 24217907
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.
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Investment Insights
Based on property information with market context.
This Stamford triplex contains 2,525 square feet across three apartments, each configured with two bedrooms and one bathroom. The 0.13-acre property was built in 1917 and is zoned MG. Each residence has an enclosed porch, and off-street parking is available. The top-floor apartment has been renovated with new flooring, fresh paint, updated kitchen finishes and appliances, and a remodeled bathroom.
The property is minutes from Stamford’s Metro-North station and I-95. Downtown Stamford, West Beach, Cummings Park, walking paths, recreational facilities, and the Long Island Sound shoreline are also nearby. Public water and public sewer serve the property.
The property is minutes from Stamford’s Metro-North station and I-95. Downtown Stamford, West Beach, Cummings Park, walking paths, recreational facilities, and the Long Island Sound shoreline are also nearby. Public water and public sewer serve the property.
Key Highlights
- Three apartments, each with 2 bedrooms and 1 bathroom
- 2,525 square feet on a 0.13‑acre lot
- Top‑floor unit renovated with updated kitchen and remodeled bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,587
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$971,740
$971.7K
Cap Rate 7%
$694,100
$694.1K
Cap Rate 9%
$539,856
$539.9K
Market Conditions
NOI Build-Up for 2,525 SF
Gross rent
$74.2K $29.40/SF
− Vacancy
−$4.8K −$1.91/SF
EGI
$69.4K $27.49/SF
− OpEx
−$20.8K −$8.25/SF
NOI
$48.6K $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%
$971,740
Cap Rate 7%
$694,100
Cap Rate 9%
$539,856
Alternative Uses
Best Use
Multifamily LT 5
$694.1K
$607.3K – $809.8K
NOI $48,587 @ 7.0% cap · market cap 4.22%
Second Best
Apartment 5plus
$620.8K
$543.2K – $724.3K
NOI $43,456 @ 7.0% cap · market cap 3.78%
Theoretical Best
Office A
$913.0K
$798.9K – $1.07M
NOI $63,908 @ 7.0% cap · market cap 5.56%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
100%
Occupancy
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 - Three leased apartments each provide two bedrooms, one bath, and an enclosed porch.
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 $1,150,000.
What are key features of this property?
This property features: Three apartments, each with 2 bedrooms and 1 bathroom; 2,525 square feet on a 0.13‑acre lot; Top‑floor unit renovated with updated kitchen and remodeled bathroom
