Duplex with Three-Car Detached
For Sale
$935,000
355 Hope Street, Stamford, CT 06906
MULTI_FAMILY - Stamford, CT
Property Size2,888 SF
Lot Size0.26 Acres
Price / SF$323.75
Days on Market51
Property Features for 355 Hope Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 2, Bedroom 5, Bedroom 1, Bathroom 1, Bedroom 2, Bedroom 6, Bedroom 3, Bedroom 4
Parking
10
Patio and Porch features
Porch
Exterior features
Porch
Basement
Unfinished, Full
Lot features
Level Lot
Elementary school
Per Board of Ed
High school
Per Board of Ed
Directions
Church to Hope Street.
Subdivision
Glenbrook
Standard status
Active
Size
2,888 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
9574
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Water source
Public
Building Details
Year built
1920
Architectural style
Other
Listing Agency:
William Pitt Sotheby's Int'l · Sotheby's International Realty
(203) 968-1500
Listed By:
Ed Villeda
Added: Jul 1
Changed: Aug 16
Last Checked: Aug 20 at 10:06AM
MLS# 24188355
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 features two large three-bedroom units and separate utilities, making it straightforward to manage as an income property. The home is configured with a porch and is heated with hot water heat. Built in 1920, the interior is in need of updates, offering a clean slate for renovation and future rent optimization.
The property sits on a 0.26-acre lot with ample on-site parking and includes a detached three-car garage. The garage also has a full walk-up loft, which can be used for storage or other flexible purposes. Public water and public sewer services are available.
Zoned R6, this 2-family property is designed for tenants who want space and practical utilities separation, while giving owners room to personalize and improve the interior over time.
The property sits on a 0.26-acre lot with ample on-site parking and includes a detached three-car garage. The garage also has a full walk-up loft, which can be used for storage or other flexible purposes. Public water and public sewer services are available.
Zoned R6, this 2-family property is designed for tenants who want space and practical utilities separation, while giving owners room to personalize and improve the interior over time.
Key Highlights
- Two‑family duplex with two large three‑bedroom units
- Separate utilities for both units
- 0.26‑acre lot with abundant on‑site parking
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
$55,572
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
5.94%
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%
$1,111,440
$1.1M
Cap Rate 7%
$793,886
$793.9K
Cap Rate 9%
$617,467
$617.5K
Market Conditions
NOI Build-Up for 2,888 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
$84.9K $29.40/SF
− Vacancy
−$5.5K −$1.91/SF
EGI
$79.4K $27.49/SF
− OpEx
−$23.8K −$8.25/SF
NOI
$55.6K $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%
$1,111,440
Cap Rate 7%
$793,886
Cap Rate 9%
$617,467
Alternative Uses
Best Use
Multifamily LT 5
$793.9K
$694.7K – $926.2K
NOI $55,572 @ 7.0% cap · market cap 5.94%
Second Best
Apartment 5plus
$710.1K
$621.3K – $828.4K
NOI $49,704 @ 7.0% cap · market cap 5.32%
Theoretical Best
Office A
$1.04M
$913.7K – $1.22M
NOI $73,096 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,379
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family duplex with separate utilities and R6 zoning, plus a detached three-car garage with walk-up loft.
Where is this duplex located?
The property is located at 355 Hope Street Stamford, CT.
What is the asking price?
The asking price for this property is $935,000.
What are key features of this property?
This property features: Two‑family duplex with two large three‑bedroom units; Separate utilities for both units; 0.26‑acre lot with abundant on‑site parking
