Two-Family Home with Finished
For Sale
$749,000
26 Limerick Street, Stamford, CT 06902
MULTI_FAMILY - Stamford, CT
Property Size1,763 SF
Lot Size0.12 Acres
Price / SF$424.84
Days on Market9
Property Features for 26 Limerick Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 4, Bedroom 5, Bathroom 1, Bathroom 4, Basement, Bathroom 3, Bedroom 6, Bathroom 2, Bedroom 2, Bedroom 1
Basement
Full
Lot features
Level Lot
Elementary school
Per Board of Ed
High school
Per Board of Ed
Directions
Cove Rd. to Soundview to Limerick
Subdivision
Cove
Standard status
Active
Size
1,763 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7584
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1870
Architectural style
Other
Listing Agency:
US Asset Realty
(800) 913-1936
Listed By:
Kamrun Mannan
(203) 524-9017
Added: Jul 31
Changed: Aug 1
Last Checked: Aug 8 at 12:06PM
MLS# 24135931
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 two-family home offers a level lot setting and additional interior space with a finished basement and attic. Built in 1870, the property includes hot water heating and window unit cooling, with public water and public sewer services.
Set in Stamford, CT 06902 at 26 Limerick Street, the home is described as conveniently located near downtown Stamford, beaches, parks, shopping, and transportation.
The home layout includes multiple bedrooms and bathrooms, supporting both owner-occupant use and long-term rental flexibility. For buyers evaluating a two-family opportunity, the finished basement and attic provide added room to consider for extra living space or income potential.
Set in Stamford, CT 06902 at 26 Limerick Street, the home is described as conveniently located near downtown Stamford, beaches, parks, shopping, and transportation.
The home layout includes multiple bedrooms and bathrooms, supporting both owner-occupant use and long-term rental flexibility. For buyers evaluating a two-family opportunity, the finished basement and attic provide added room to consider for extra living space or income potential.
Key Highlights
- R6 zoned two‑family home
- 0.12‑acre level lot
- 1,763 SF home
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 - R6 zoned two-family on a level lot with public water and sewer, hot water heat, and window unit cooling.
Where is this duplex located?
The property is located at 26 Limerick Street 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: R6 zoned two‑family home; 0.12‑acre level lot; 1,763 SF home
