Two-Family Duplex with
For Sale
$989,000
Pending
29 Cowan Avenue, Stamford, CT 06906
Multi-Family For Sale, Units on different Floors, Stamford, CT
Property Size2,850 SF
Lot Size0.19 Acres
Days on Market57
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Property Features for 29 Cowan Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Basement, Bedroom 2, Bedroom 6, Bedroom 3, Bathroom 3, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 1
Parking
2
Patio and Porch features
Patio
Exterior features
Terrace,Porch,Patio
Basement
Full, Partially Finished
Lot features
Level Lot
Elementary school
Per Board of Ed
High school
Stamford
Directions
North on Hope Street, take left on Treat Avenue and left on Cowan Avenue
Subdivision
Glenbrook
Standard status
Pending
Size
2,850 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
12063
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1965
Architectural style
Other
Listing Agency:
Coldwell Banker Realty · Coldwell Banker Real Estate
(203) 322-2300
Listed By:
Susan Morelli · License #RES.0479120
(203) 324-5300
Added: Aug 20
Changed: Sep 23
Last Checked: Oct 15 at 3:06PM
MLS# 24200578
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 duplex contains 2,850 square feet with six bedrooms, three bathrooms, and a basement. The units are arranged on separate floors, and the property includes a patio, porch, and terrace. Built in 1965, the building has hot-water heating and window-unit cooling.
Located at 29 Cowan Avenue in Stamford, the property sits on a 0.19-acre lot with public water and public sewer. The location provides access to I-95 and the Merritt Parkway, with the town center, Tully Center health facilities, transportation, and shopping nearby.
Located at 29 Cowan Avenue in Stamford, the property sits on a 0.19-acre lot with public water and public sewer. The location provides access to I-95 and the Merritt Parkway, with the town center, Tully Center health facilities, transportation, and shopping nearby.
Key Highlights
- Two‑family duplex with 2,850 square feet
- Six bedrooms, three bathrooms, and a basement
- 0.19‑acre lot at 29 Cowan Avenue, Stamford, CT 06906
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,841
Cap Rate
5.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,096,820
$1.1M
Cap Rate 7%
$783,443
$783.4K
Cap Rate 9%
$609,344
$609.3K
Market Conditions
NOI Build-Up for 2,850 SF
Gross rent
$83.8K $29.40/SF
− Vacancy
−$5.4K −$1.91/SF
EGI
$78.3K $27.49/SF
− OpEx
−$23.5K −$8.25/SF
NOI
$54.8K $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%
$1,096,820
Cap Rate 7%
$783,443
Cap Rate 9%
$609,344
Alternative Uses
Best Use
Multifamily LT 5
$783.4K
$685.5K – $914.0K
NOI $54,841 @ 7.0% cap · market cap 5.55%
Second Best
Apartment 5plus
$700.7K
$613.1K – $817.5K
NOI $49,050 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$1.03M
$901.7K – $1.20M
NOI $72,134 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,679
Businesses Nearby
Explore this area
Business Placement
Demographics for 06906, CT
9,902
Population
3,727
Households
2.7
Avg Household Size
38
Median Age
47%
College-Educated
80%
High-School Grad
1.3 sq mi
ZIP Area
7,617
Density / Sq Mi
$91,710
Median Household Income
$45,518
Median Earnings
$2,207
Median Rent
$576,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Residential income property with units on separate floors, public utilities, and access to I-95 and the Merritt Parkway.
Where is this duplex located?
The property is located at 29 Cowan Avenue Stamford, CT.
What is the asking price?
The asking price for this property is $989,000.
What are key features of this property?
This property features: Two‑family duplex with 2,850 square feet; Six bedrooms, three bathrooms, and a basement; 0.19‑acre lot at 29 Cowan Avenue, Stamford, CT 06906
