Two-Unit Duplex with Private
New
For Sale
$679,000
29 Madison Place, Stamford, CT 06902
Multi-Family For Sale, Units on different Floors, Stamford, CT
Property Size1,982 SF
Lot Size0.14 Acres
Price / SF$342.58
Days on Market1
Property Features for 29 Madison Place
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bedroom 3, Basement, Bathroom 1, Bathroom 2
Parking
6
Patio and Porch features
Deck
Exterior features
Deck,Covered Deck
Basement
Partially Finished, Full
Lot features
Level Lot
Elementary school
Per Board of Ed
High school
Per Board of Ed
Directions
Google-Map Friendly
Subdivision
West Side
Standard status
Active
Size
1,982 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
9051
Utilities
Sewer type
Public Sewer
Heating system
Other (Heating)
Cooling system
Wall Unit(s)
Water source
Public
Amenities
private decks
solar panels
newly paved driveway
washer/dryer hookup
Building Details
Year built
1942
Architectural style
Other
Listing Agency:
RE/MAX Heritage · RE/MAX International
(203) 254-7555
Listed By:
Lisa Nuzzo
(203) 856-2731
Added: Oct 15
Last Checked: Oct 15 at 10:06PM
MLS# 24214506
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.
This 1,982-square-foot duplex, built in 1942, contains two residential units arranged on separate floors. The first-floor residence has one bedroom, a living room, dining room, eat-in kitchen, and full bathroom, plus access to a partially finished lower level with a second bathroom and kitchenette. The upper unit offers two bedrooms, a living room, an eat-in kitchen, and a full bathroom, along with washer and dryer hookups and access to a full attic. Each unit has a private deck. Wall-mounted air-conditioning units serve the property.
The 0.14-acre parcel is served by public water and public sewer. Additional property features include natural gas heat, solar panels with transferable service at no transfer fee, a paved driveway, a 2019 roof, and a 2017 hot water heater. Zoning is R6. The property is being sold as is.
The 0.14-acre parcel is served by public water and public sewer. Additional property features include natural gas heat, solar panels with transferable service at no transfer fee, a paved driveway, a 2019 roof, and a 2017 hot water heater. Zoning is R6. The property is being sold as is.
Key Highlights
- Two units across separate floors in a 1,982‑square‑foot duplex
- First‑floor unit includes one bedroom and access to a partially finished lower level with bathroom and kitchenette
- Upper unit has two bedrooms, washer and dryer hookups, and access to a full attic
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,138
Cap Rate
5.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$762,760
$762.8K
Cap Rate 7%
$544,829
$544.8K
Cap Rate 9%
$423,756
$423.8K
Market Conditions
NOI Build-Up for 1,982 SF
Gross rent
$58.3K $29.40/SF
− Vacancy
−$3.8K −$1.91/SF
EGI
$54.5K $27.49/SF
− OpEx
−$16.3K −$8.25/SF
NOI
$38.1K $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%
$762,760
Cap Rate 7%
$544,829
Cap Rate 9%
$423,756
Alternative Uses
Best Use
Multifamily LT 5
$544.8K
$476.7K – $635.6K
NOI $38,138 @ 7.0% cap · market cap 5.62%
Second Best
Apartment 5plus
$487.3K
$426.4K – $568.5K
NOI $34,111 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$716.6K
$627.1K – $836.1K
NOI $50,165 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,041
Businesses Nearby
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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
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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 - Separate floor plans include eat-in kitchens, with additional finished space and a kitchenette on the lower level.
Where is this duplex located?
The property is located at 29 Madison Place Stamford, CT.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: Two units across separate floors in a 1,982‑square‑foot duplex; First‑floor unit includes one bedroom and access to a partially finished lower level with bathroom and kitchenette; Upper unit has two bedrooms, washer and dryer hookups, and access to a full attic
