Two-Family Residential Income
For Sale
$950,000
32 Hackett Circle North, Stamford, CT 06906
Well-maintained two-family home with separate utilities, central air, and in-unit laundry in each unit.
Property Size2,210 SF
Price / SF$429.86
Days on Market90
Property Features for 32 Hackett Circle North
General Information
Standard status
Active
Size
2,210 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Amenities
central air conditioning
in-unit washer and dryer
separately metered utilities
hardwood floors
updated kitchens
covered porch
workshop
off-street parking
level yard
Building Details
Year Built
1967
Tenancy
Multi
Listing Agency:
Keller Williams Prestige Prop.
Listed By:
Aaron Ramkalawan
(917) 207-4306
Source:
Themialeteam
Added: Jul 22
Changed: Oct 11
Last Checked: Oct 6 at 12:54AM
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 Keller Williams Prestige Prop.
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Investment Insights
Based on property information with market context.
This two-family residential income property is well-maintained and configured with two separate units. Each unit includes a bright living/family room, a large eat-in kitchen, three bedrooms, and a full bath. Both units feature central air conditioning and in-unit washer and dryer, with separately metered gas and electric utilities for each unit.
The first-floor unit offers refinished hardwood floors and an updated eat-in kitchen with direct access to a covered rear porch. The second-floor unit includes hardwood flooring, a renovated kitchen, an oversized primary bedroom, and excellent storage. A full basement provides separate storage areas, workshop space, and additional utility access.
Outside, the property includes off-street parking and a level yard. It is located within walking distance of Downtown Stamford restaurants, shops, entertainment, parks, and the Metro-North train station, with quick access to I-95.
The first-floor unit offers refinished hardwood floors and an updated eat-in kitchen with direct access to a covered rear porch. The second-floor unit includes hardwood flooring, a renovated kitchen, an oversized primary bedroom, and excellent storage. A full basement provides separate storage areas, workshop space, and additional utility access.
Outside, the property includes off-street parking and a level yard. It is located within walking distance of Downtown Stamford restaurants, shops, entertainment, parks, and the Metro-North train station, with quick access to I-95.
Key Highlights
- Well‑maintained 2‑family home built in 1967, offering flexible owner‑occupant or investment living.
- Each unit features an approx. 1,200+ sq. ft. layout with 3 bedrooms, a full bath, and a bright living/family room.
- In‑unit laundry and central air in both units, with separately metered gas and electric utilities.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,525
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$850,500
$850.5K
Cap Rate 7%
$607,500
$607.5K
Cap Rate 9%
$472,500
$472.5K
Market Conditions
NOI Build-Up for 2,210 SF
Gross rent
$65.0K $29.40/SF
− Vacancy
−$4.2K −$1.91/SF
EGI
$60.8K $27.49/SF
− OpEx
−$18.2K −$8.25/SF
NOI
$42.5K $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%
$850,500
Cap Rate 7%
$607,500
Cap Rate 9%
$472,500
Alternative Uses
Best Use
Multifamily LT 5
$607.5K
$531.6K – $708.8K
NOI $42,525 @ 7.0% cap · market cap 4.48%
Second Best
Apartment 5plus
$543.4K
$475.4K – $633.9K
NOI $38,035 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$799.1K
$699.2K – $932.3K
NOI $55,936 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,588
Businesses Nearby
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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
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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 - Well-maintained two-family home with separate utilities, central air, and in-unit laundry in each unit.
Where is this duplex located?
The property is located at 32 Hackett Circle North Stamford, CT.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Well‑maintained 2‑family home built in 1967, offering flexible owner‑occupant or investment living.; Each unit features an approx. 1,200+ sq. ft. layout with 3 bedrooms, a full bath, and a bright living/family room.; In‑unit laundry and central air in both units, with separately metered gas and electric utilities.
