Two-Unit Duplex with Walk-Up
For Sale
$759,900
226 Ludlow, Stamford, CT 06902
Two three-bedroom units offer gas heat, hardwood floors, and additional basement and attic space.
Property Size2,620 SF
Price / SF$290.04
Days on Market31
Property Features for 226 Ludlow
General Information
Standard status
Active
Size
2,620 SF
Property subtype
2 Family
Property Condition
Severity
Repairs Needed
Evidence
opportunity to update
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Building Details
Year Built
1900
Listing Agency:
Keller Williams Realty
(203) 429-4020
Listed By:
Emiliano Navarro · License #RES.0787327
(203) 803-0932
Source:
Lockandkeyre
Added: Sep 14
Changed: Oct 13
Last Checked: Oct 12 at 7:26PM
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 Realty
Investment Insights
Based on property information with market context.
Built in 1900, this 2,620-square-foot duplex contains two residential units with three bedrooms each. Both units feature gas heat and hardwood flooring, with spacious interior layouts. The first-floor apartment is in presentable condition, while the second-floor unit requires updating. Additional usable areas include a walk-up attic, basement space, and an extra full bathroom.
The property is located at 226 Ludlow Street in Stamford’s Harbor Point area, near the waterfront, Stamford train station, restaurants, shopping, and I-95. Its two-unit configuration, existing residential improvements, and separate areas for storage or expansion support both owner-occupancy and investment use.
The property is located at 226 Ludlow Street in Stamford’s Harbor Point area, near the waterfront, Stamford train station, restaurants, shopping, and I-95. Its two-unit configuration, existing residential improvements, and separate areas for storage or expansion support both owner-occupancy and investment use.
Key Highlights
- Two‑unit duplex with three bedrooms in each apartment
- 2,620 square feet; built in 1900
- Gas heat and hardwood flooring in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,415
Cap Rate
6.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,008,300
$1.0M
Cap Rate 7%
$720,214
$720.2K
Cap Rate 9%
$560,167
$560.2K
Market Conditions
NOI Build-Up for 2,620 SF
Gross rent
$77.0K $29.40/SF
− Vacancy
−$5.0K −$1.91/SF
EGI
$72.0K $27.49/SF
− OpEx
−$21.6K −$8.25/SF
NOI
$50.4K $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%
$1,008,300
Cap Rate 7%
$720,214
Cap Rate 9%
$560,167
Alternative Uses
Best Use
Multifamily LT 5
$720.2K
$630.2K – $840.3K
NOI $50,415 @ 7.0% cap · market cap 6.63%
Second Best
Apartment 5plus
$644.2K
$563.6K – $751.5K
NOI $45,091 @ 7.0% cap · market cap 5.93%
Theoretical Best
Office A
$947.3K
$828.9K – $1.11M
NOI $66,313 @ 7.0% cap · market cap 8.73%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,724
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom units offer gas heat, hardwood floors, and additional basement and attic space.
Where is this duplex located?
The property is located at 226 Ludlow Stamford, CT.
What is the asking price?
The asking price for this property is $759,900.
What are key features of this property?
This property features: Two‑unit duplex with three bedrooms in each apartment; 2,620 square feet; built in 1900; Gas heat and hardwood flooring in both units
