Two-Unit Duplex with
New
For Sale
$759,900
226 Ludlow Street, Stamford, CT 06902
Multi-Family For Sale, Units on different Floors, Stamford, CT
Property Size2,620 SF
Lot Size0.07 Acres
Price / SF$290.04
Days on Market2
Property Features for 226 Ludlow Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RMF
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bedroom 6, Bedroom 3, Bedroom 1, Bedroom 5, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 4
Basement
Partially Finished, Full
Lot features
Level Lot
Elementary school
Per Board of Ed
High school
Per Board of Ed
Directions
GPS
Subdivision
South End
Standard status
Active
Size
2,620 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
8974
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Water source
Public
Building Details
Year built
1900
Architectural style
Other
Listing Agency:
Keller Williams Realty
(203) 429-4020
Listed By:
Emiliano Navarro · License #0787327
(203) 803-0932
Added: Sep 14
Last Checked: Sep 15 at 1:06PM
MLS# 24207074
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.
This duplex contains 2,620 square feet across two residential units arranged on separate floors. Each unit includes three bedrooms, while the building also offers two bathrooms, hardwood flooring, gas-fired hot-water heat, and spacious interior layouts. A walk-up attic and basement provide additional areas within the structure. Built in 1900, the property sits on a 0.07-acre lot and is served by public water and public sewer.
The property is located at 226 Ludlow Street in Stamford’s Harbor Point area, with the waterfront, Stamford train station, restaurants, shopping, and I-95 identified in the surrounding context. RMF zoning applies to the property.
The property is located at 226 Ludlow Street in Stamford’s Harbor Point area, with the waterfront, Stamford train station, restaurants, shopping, and I-95 identified in the surrounding context. RMF zoning applies to the property.
Key Highlights
- Two residential units with three bedrooms in each unit
- 2,620 square feet on a 0.07‑acre lot
- Walk‑up attic and basement areas
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
$50,415
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
6.63%
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%
$1,008,300
$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
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
$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 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%
$1,008,300
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.
Property Analytics
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units occupy separate floors, with three bedrooms per unit and additional basement space.
Where is this duplex located?
The property is located at 226 Ludlow Street 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 residential units with three bedrooms in each unit; 2,620 square feet on a 0.07‑acre lot; Walk‑up attic and basement areas
