Two-Family Duplex with Finished
For Sale
$749,000
26 Limerick St, Stamford, CT 06902
Level lot near downtown, beaches, parks, shopping, and public transportation.
Property Size1,763 SF
Days on Market11
Property Features for 26 Limerick St
General Information
Standard status
Active
Size
1,763 SF
Property subtype
Multi Family
Building Details
Building Size
1,763 SF
Year Built
1870
Listing Agency:
U.S. Asset Realty, LLC
(203) 524-9017
Listed By:
Kamrun Mannan
(203) 524-9017
Source:
Elliman
Added: Aug 1
Changed: Aug 10
Last Checked: Aug 11 at 9:15AM
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 U.S. Asset Realty, LLC
Investment Insights
Based on property information with market context.
Built in 1870, this two-family duplex includes a finished basement and finished attic, adding usable interior areas beyond the primary living spaces. The property sits on a level lot with room identified for expansion, outdoor entertaining, or additional parking.
Located at 26 Limerick St in Stamford, the home is close to downtown Stamford, beaches, parks, shopping, and transportation. WalkScore is 87, indicating a Very Walkable setting; TransitScore is 60, rated Good Transit, and BikeScore is 48, rated Somewhat Bikeable.
Located at 26 Limerick St in Stamford, the home is close to downtown Stamford, beaches, parks, shopping, and transportation. WalkScore is 87, indicating a Very Walkable setting; TransitScore is 60, rated Good Transit, and BikeScore is 48, rated Somewhat Bikeable.
Key Highlights
- Two‑family duplex at 26 Limerick St, Stamford, CT 06902
- Finished basement and attic
- Level lot with room for expansion, outdoor entertaining, or additional parking
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
$33,924
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
4.53%
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%
$678,480
$678.5K
Cap Rate 7%
$484,629
$484.6K
Cap Rate 9%
$376,933
$376.9K
Market Conditions
NOI Build-Up for 1,763 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
$51.8K $29.40/SF
− Vacancy
−$3.4K −$1.91/SF
EGI
$48.5K $27.49/SF
− OpEx
−$14.5K −$8.25/SF
NOI
$33.9K $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%
$678,480
Cap Rate 7%
$484,629
Cap Rate 9%
$376,933
Alternative Uses
Best Use
Multifamily LT 5
$484.6K
$424.1K – $565.4K
NOI $33,924 @ 7.0% cap · market cap 4.53%
Second Best
Apartment 5plus
$433.5K
$379.3K – $505.7K
NOI $30,342 @ 7.0% cap · market cap 4.05%
Theoretical Best
Office A
$637.5K
$557.8K – $743.7K
NOI $44,622 @ 7.0% cap · market cap 5.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
902
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
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 - Level lot near downtown, beaches, parks, shopping, and public transportation.
Where is this duplex located?
The property is located at 26 Limerick St Stamford, CT.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Two‑family duplex at 26 Limerick St, Stamford, CT 06902; Finished basement and attic; Level lot with room for expansion, outdoor entertaining, or additional parking
