Duplex with Finished
New
For Sale
$1,175,000
34 Caldwell Avenue, Stamford, CT 06902
Multi-Family For Sale, Units on different Floors, Stamford, CT
Property Size3,965 SF
Lot Size0.29 Acres
Price / SF$296.34
Days on Market2
Property Features for 34 Caldwell Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R75
Bedrooms
6
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 5, Basement, Bedroom 2, Bedroom 6, Bedroom 3, Bathroom 3, Bathroom 4, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 1
Basement
Full
Lot features
Lightly Wooded, Level Lot
Elementary school
K.T. Murphy
High school
Westhill
Directions
GPS Friendly.. From cove to VanBuskirk to Caldwell
Subdivision
Cove
Standard status
Active
Size
3,965 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
14198
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Cooling system
Window Unit(s)
Water source
Public
Amenities
Patio
Building Details
Year built
1930
Architectural style
Other
Listing Agency:
BHGRE Shore & Country
(203) 504-5005
Listed By:
Meera Banta · License #REB.0791691
(203) 536-4117
Added: Sep 23
Last Checked: Sep 24 at 7:06AM
MLS# 24208506
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.
Built in 1930, this two-family property contains 3,965 square feet on a 0.29-acre lot. The residence is arranged across two floors, with the first-floor unit offering an updated kitchen, dining and living areas, four bedrooms, 2.5 baths, a patio, and access to a finished basement. The second-floor unit includes two bedrooms, a living room, and a bath. Bedroom and bathroom counts vary within the provided property records and are not summarized here.
The finished basement provides three rooms and a separate entrance. Additional improvements include a one-car garage, a newer roof, separate utilities, hot-water heating, and window-unit cooling. Public water and public sewer serve the property. The home is located near beach access, a train station, shopping, and downtown Stamford, with R75 zoning.
The finished basement provides three rooms and a separate entrance. Additional improvements include a one-car garage, a newer roof, separate utilities, hot-water heating, and window-unit cooling. Public water and public sewer serve the property. The home is located near beach access, a train station, shopping, and downtown Stamford, with R75 zoning.
Key Highlights
- 3,965‑square‑foot two‑family property on 0.29 acres
- R75 zoning with separate utilities
- Finished basement with 3 rooms and a separate entrance
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
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family property with separate utilities, a garage, patio, and a lower level with its own entrance.
Where is this duplex located?
The property is located at 34 Caldwell Avenue 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: 3,965‑square‑foot two‑family property on 0.29 acres; R75 zoning with separate utilities; Finished basement with 3 rooms and a separate entrance
