Two-Unit Residential Income
21 Culloden Road Stamford, CT 06902
21 Culloden Road, Stamford, CT, 06902
$965,999
For Sale
$965,999
Turnkey two-family residence with two light-filled units, central air, and major 2021 roof and water-heater replacements.
Property Size2,463 SF
Price / SF$392.20
Days on Market8
Property Features for 21 Culloden Road
General Information
- Standard status
- Active
- Size
- 2,463 SF
- Property subtype
- 2 Family
Building Details
- Year Built
- 1924
Listing agency
Compass Connecticut, LLC
(203) 989-3772
Listed by
Stephen Lasko
(203) 989-3772
Source
Iverty
Added: Jul 15 Updated: Jul 22 at 10:09AM Checked: Jul 22 at 10:09AM
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 Compass Connecticut, LLC
Investment Insights
Based on property information with market context.
21 Culloden Road is a meticulously maintained two-family residence offering two spacious, light-filled units. Unit 1 (first floor) includes three bedrooms, one full bath, separate living and dining rooms, central air, and an expansive eat-in kitchen. Unit 2 (second floor) features four bedrooms, 1.5 baths, in-unit laundry, central air, and an equally spacious eat-in kitchen.
The property has undergone major capital improvements, including a fully replaced roof and a new water heater, both completed in 2021. Both units will be delivered vacant at closing.
Outside, the home offers a flat, usable backyard and an oversized driveway with ample off-street parking for multiple vehicles, along with a new gardening shed for additional storage.
The property has undergone major capital improvements, including a fully replaced roof and a new water heater, both completed in 2021. Both units will be delivered vacant at closing.
Outside, the home offers a flat, usable backyard and an oversized driveway with ample off-street parking for multiple vehicles, along with a new gardening shed for additional storage.
Key Highlights
- 1924‑built two‑family home with two large, light‑filled units in the Glenbrook neighborhood
- Unit 1 (first floor): 3 bedrooms, 1 full bath, separate living and dining rooms, central air, eat‑in kitchen
- Unit 2 (second floor): 4 bedrooms, 1.5 baths, in‑unit laundry, central A/C, eat‑in kitchen
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 | $72.4k | $29.40 |
| − Vacancy | −$4.7k | −$1.91 |
| EGI | $67.7k | $27.49 |
| − OpEx | −$20.3k | −$8.25 |
| NOI | $47.4k | $19.24 |
2,463 SF · lease $29.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$677.1K
$592.4K – $789.9K
NOI $47,394 @ 7.0% cap · market cap 4.91%
Second Best
Apartment 5plus
$605.6K
$529.9K – $706.5K
NOI $42,389 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$890.6K
$779.2K – $1.04M
NOI $62,339 @ 7.0% cap · market cap 6.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Turnkey two-family residence with two light-filled units, central air, and major 2021 roof and water-heater replacements.
Where is this duplex located?
The property is located at 21 Culloden Road Stamford, CT.
What is the asking price?
The asking price for this property is $965,999.
What are key features of this property?
This property features: 1924‑built two‑family home with two large, light‑filled units in the Glenbrook neighborhood; Unit 1 (first floor): 3 bedrooms, 1 full bath, separate living and dining rooms, central air, eat‑in kitchen; Unit 2 (second floor): 4 bedrooms, 1.5 baths, in‑unit laundry, central A/C, eat‑in kitchen
