Renovated Two-Unit
For Sale
$1,100,000
Pending
26 Nichols Avenue, Stamford, CT 06905
Multi-Family For Sale, Units on different Floors, Stamford, CT
Property Size2,486 SF
Lot Size0.14 Acres
Days on Market52
Property Features for 26 Nichols Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R10
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bedroom 6, Bedroom 4, Bathroom 2, Bedroom 1, Bedroom 5, Bedroom 3, Basement, Bathroom 4, Bathroom 1, Bathroom 3
Parking
6
Patio and Porch features
Deck
Exterior features
Balcony,Deck,Gutters,Lighting
Fireplace
1
Basement
Full, Concrete, Partially Finished
Lot features
Level Lot
Elementary school
Hart Magnet
High school
Stamford
Directions
High Ridge Road to Nichols.
Subdivision
Mid-Ridges
Standard status
Pending
Size
2,486 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
15254
Utilities
Sewer type
Public Sewer
Cooling system
Central Air, Heat Pump
Water source
Public
Amenities
central air
propane heat and cooking
private washer/dryers
stainless appliances
garage storage
rear decks
Building Details
Year built
1927
Architectural style
Other
Listing Agency:
Keller Williams Prestige Prop. · Keller Williams Realty
(203) 327-6700
Listed By:
Len Schwartz
(203) 912-5254
Added: Sep 1
Changed: Oct 19
Last Checked: Oct 22 at 7:06PM
MLS# 24203535
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.
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Investment Insights
Based on property information with market context.
Rebuilt to the studs in 2018, this 2,486-square-foot duplex contains two updated residences with three bedrooms each. The first-floor unit includes two full bathrooms, hardwood flooring, an updated kitchen, a rear deck, and direct access to the level backyard. The upper residence occupies the second and third floors and adds a home office and private third-floor primary suite with a full bathroom.
Both units provide central air, propane heat and cooking, stainless appliances, separate utilities, private washers and dryers, divided garage storage, and individual rear decks. Exterior improvements include a newer roof and gutters, vinyl siding, decks, and rear stairways. Five off-street parking spaces are arranged with two in front and three at the rear. The property sits on 0.14 acres, has public water and sewer, and is zoned R10. It is near shopping, dining, parks, public transportation, and major commuting routes in Stamford’s Mid-Ridges neighborhood.
Both units provide central air, propane heat and cooking, stainless appliances, separate utilities, private washers and dryers, divided garage storage, and individual rear decks. Exterior improvements include a newer roof and gutters, vinyl siding, decks, and rear stairways. Five off-street parking spaces are arranged with two in front and three at the rear. The property sits on 0.14 acres, has public water and sewer, and is zoned R10. It is near shopping, dining, parks, public transportation, and major commuting routes in Stamford’s Mid-Ridges neighborhood.
Key Highlights
- Two‑unit duplex with 2,486 square feet and six bedrooms
- Completely rebuilt to the studs in 2018
- Upper duplex spans the 2nd and 3rd floors with a private third‑floor primary suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,836
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$956,720
$956.7K
Cap Rate 7%
$683,371
$683.4K
Cap Rate 9%
$531,511
$531.5K
Market Conditions
NOI Build-Up for 2,486 SF
Gross rent
$73.1K $29.40/SF
− Vacancy
−$4.8K −$1.91/SF
EGI
$68.3K $27.49/SF
− OpEx
−$20.5K −$8.25/SF
NOI
$47.8K $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%
$956,720
Cap Rate 7%
$683,371
Cap Rate 9%
$531,511
Alternative Uses
Best Use
Multifamily LT 5
$683.4K
$598.0K – $797.3K
NOI $47,836 @ 7.0% cap · market cap 4.35%
Second Best
Apartment 5plus
$611.2K
$534.8K – $713.1K
NOI $42,785 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$898.9K
$786.5K – $1.05M
NOI $62,921 @ 7.0% cap · market cap 5.72%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
290
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer three bedrooms each, separate utilities, private laundry, decks, and off-street parking.
Where is this duplex located?
The property is located at 26 Nichols Avenue Stamford, CT.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,486 square feet and six bedrooms; Completely rebuilt to the studs in 2018; Upper duplex spans the 2nd and 3rd floors with a private third‑floor primary suite
