Renovated Two-Family Duplex with
For Sale
$1,039,500
21 Hirsch Road, Stamford, CT 06905
MULTI_FAMILY - Stamford, CT
Property Size3,927 SF
Lot Size0.23 Acres
Price / SF$264.71
Days on Market122
Property Features for 21 Hirsch Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R75
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bedroom 2, Basement, Bedroom 5, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 6, Bedroom 1, Bedroom 3
Parking
2
Patio and Porch features
Deck
Exterior features
Deck
Fireplace
1
Basement
Partially Finished, Full
Lot features
Lightly Wooded, Level Lot
Elementary school
Newfield
High school
Stamford
Directions
Use GPS or Strawberry Hill Ave to Newfield Ave to Hirsch Rd (Across from Newfield Shopping Center)
Subdivision
Newfield
Standard status
Active
Size
3,927 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
13205
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Cooling system
Window Unit(s)
Water source
Public
Amenities
sunroom
new porch
attached garage
private backyard
Building Details
Year built
1942
Architectural style
Other
Listing Agency:
Keller Williams Prestige Prop. · Keller Williams Realty
(203) 327-6700
Listed By:
Hy Natarajan · License #RES.0795327
(203) 391-8044
Added: Apr 10
Changed: Aug 9
Last Checked: Aug 9 at 5:06PM
MLS# 24166172
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.
Renovated two-family duplex featuring a first-floor unit with three bedrooms, two full bathrooms, a bright living room, a dining area, and an eat-in kitchen. The lower level provides flexible space that can serve as a home office, family room, or playroom, plus a sunroom, a new porch, and an attached garage. The second-floor unit offers three to four bedrooms, one full bathroom, an eat-in kitchen, and a comfortable living room. A private backyard rounds out the home for entertaining.
Built in 1942, the property sits on a 0.23-acre lot and includes 3,927 square feet of living space. Heating is hot water heat, and cooling is provided by window units. The home is served by public water and public sewer.
The property’s room configuration includes multiple bedrooms and bathrooms across both units, with a basement level included as part of the overall layout.
Built in 1942, the property sits on a 0.23-acre lot and includes 3,927 square feet of living space. Heating is hot water heat, and cooling is provided by window units. The home is served by public water and public sewer.
The property’s room configuration includes multiple bedrooms and bathrooms across both units, with a basement level included as part of the overall layout.
Key Highlights
- Renovated two‑family duplex with private backyard plus sunroom
- First‑floor unit: three bedrooms and two full bathrooms with living room, dining area, and eat‑in kitchen
- Second‑floor unit: three to four bedrooms, one full bathroom, eat‑in kitchen, and living room
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
$75,565
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
7.27%
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%
$1,511,300
$1.5M
Cap Rate 7%
$1,079,500
$1.1M
Cap Rate 9%
$839,611
$839.6K
Market Conditions
NOI Build-Up for 3,927 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
$115.5K $29.40/SF
− Vacancy
−$7.5K −$1.91/SF
EGI
$107.9K $27.49/SF
− OpEx
−$32.4K −$8.25/SF
NOI
$75.6K $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 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%
$1,511,300
Cap Rate 7%
$1,079,500
Cap Rate 9%
$839,611
Alternative Uses
Best Use
Multifamily LT 5
$1.08M
$944.6K – $1.26M
NOI $75,565 @ 7.0% cap · market cap 7.27%
Second Best
Apartment 5plus
$965.5K
$844.8K – $1.13M
NOI $67,585 @ 7.0% cap · market cap 6.50%
Theoretical Best
Office A
$1.42M
$1.24M – $1.66M
NOI $99,393 @ 7.0% cap · market cap 9.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
330
Businesses Nearby
Explore this area
Business Placement
Demographics for 06905, CT
21,809
Population
8,726
Households
2.5
Avg Household Size
39
Median Age
62%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
4,276
Density / Sq Mi
$132,730
Median Household Income
$70,273
Median Earnings
$2,330
Median Rent
$608,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Renovated two-family duplex with attached garage, sunroom, fireplace, and flexible lower-level space on public water and sewer.
Where is this duplex located?
The property is located at 21 Hirsch Road Stamford, CT.
What is the asking price?
The asking price for this property is $1,039,500.
What are key features of this property?
This property features: Renovated two‑family duplex with private backyard plus sunroom; First‑floor unit: three bedrooms and two full bathrooms with living room, dining area, and eat‑in kitchen; Second‑floor unit: three to four bedrooms, one full bathroom, eat‑in kitchen, and living room
