Duplex with Finished
New
For Sale
$1,175,000
34 Caldwell Ave, Stamford, CT 06902
Separate utilities, a one-car garage, and access to the beach, rail service, shopping, and downtown support the property’s two-unit configuration.
Property Size3,965 SF
Lot Size0.29 Acres
Days on Market4
Property Features for 34 Caldwell Ave
General Information
Standard status
Active
Size
3,965 SF
Total Parking Spaces
1
Lot size
0.29 Acres
Property subtype
Multi Family
Units
Unit Mix
1 x 4BR/2.5BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
Patio
Building Details
Building Size
3,965 SF
Year Built
1930
Buildings
1
Listing Agency:
Kinard Realty Group
Listed By:
Meera Banta · License #REB.0791691
(203) 536-4117
Source:
Elliman
Added: Sep 24
Changed: Sep 26
Last Checked: Sep 26 at 9:42AM
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 Kinard Realty Group
Investment Insights
Based on property information with market context.
Built in 1930, this two-family property has a four-bedroom first-floor residence with an updated kitchen, dining room, living room, 2.5 baths, and patio. The second-floor residence includes two bedrooms, a living room, and a bath. A finished basement adds three rooms, a bath, and a separate entrance. The building also has a one-car garage, separate utilities, and a new roof. The second-floor tenants have occupied the property for more than 10 years.
The property occupies a 0.29-acre level lot in the Cove area. Beach access, a train station, shopping, and downtown are accessible from the location. Walk Score is 88, Transit Score is 62, and Bike Score is 47.
The property occupies a 0.29-acre level lot in the Cove area. Beach access, a train station, shopping, and downtown are accessible from the location. Walk Score is 88, Transit Score is 62, and Bike Score is 47.
Key Highlights
- Two‑family property on a 0.29‑acre level lot
- First‑floor residence has 4 bedrooms, 2.5 baths, and a patio
- Second‑floor residence includes 2 bedrooms, a living room, and a bath
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
$76,296
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
6.49%
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%
$1,525,920
$1.5M
Cap Rate 7%
$1,089,943
$1.1M
Cap Rate 9%
$847,733
$847.7K
Market Conditions
NOI Build-Up for 3,965 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
$116.6K $29.40/SF
− Vacancy
−$7.6K −$1.91/SF
EGI
$109.0K $27.49/SF
− OpEx
−$32.7K −$8.25/SF
NOI
$76.3K $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%
$1,525,920
Cap Rate 7%
$1,089,943
Cap Rate 9%
$847,733
Alternative Uses
Best Use
Multifamily LT 5
$1.09M
$953.7K – $1.27M
NOI $76,296 @ 7.0% cap · market cap 6.49%
Second Best
Apartment 5plus
$974.8K
$853.0K – $1.14M
NOI $68,239 @ 7.0% cap · market cap 5.81%
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,355 @ 7.0% cap · market cap 8.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
679
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Separate utilities, a one-car garage, and access to the beach, rail service, shopping, and downtown support the property’s two-unit configuration.
Where is this duplex located?
The property is located at 34 Caldwell Ave Stamford, CT.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: Two‑family property on a 0.29‑acre level lot; First‑floor residence has 4 bedrooms, 2.5 baths, and a patio; Second‑floor residence includes 2 bedrooms, a living room, and a bath
