Two-Unit Residential Income
355 Hope Street Stamford, CT 06906
355 Hope Street, Stamford, CT, 06906
$935,000
For Sale
$935,000
A two-family home with two 3-bedroom units, separate utilities, and an oversized lot with abundant parking.
Property Size2,888 SF
Price / SF$323.75
Days on Market17
Property Features for 355 Hope Street
General Information
- Standard status
- Active
- Size
- 2,888 SF
- Property subtype
- 2 Family
Building Details
- Year Built
- 1920
Listing Agency
William Pitt Sotheby's Int'l
(203) 249-4585
Listed by
Ed Villeda
(203) 249-4585
Source
Lockandkeyre
Added: Jul 1 Checked: Jul 17 at 5:56 am
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 William Pitt Sotheby's Int'l
Investment Insights
Based on property information with market context.
This two-family duplex features two large 3-bedroom units with separate utilities. The property is set on an oversized lot with abundant parking and includes a detached 3-car garage with a full walk-up loft, which can support additional storage or flex use. The house needs interior updates, providing an opportunity to renovate and improve the property’s overall condition.
The home is located at 355 Hope Street in Stamford, CT, near the Glenbrook train station, supporting convenient commuter access.
The existing layout provides independent unit living and the option to make use of the attached detached garage loft area, while the exterior parking and detached structure add practicality for daily operations and tenants.
The home is located at 355 Hope Street in Stamford, CT, near the Glenbrook train station, supporting convenient commuter access.
The existing layout provides independent unit living and the option to make use of the attached detached garage loft area, while the exterior parking and detached structure add practicality for daily operations and tenants.
Key Highlights
- Two‑family home built in 1920 with two large 3‑bedroom units
- Separate utilities for each unit
- Rental income listed as $2,000/mo for the first floor and $2,500/mo for the second floor
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $84.9k | $29.40 |
| − Vacancy | −$5.5k | −$1.91 |
| EGI | $79.4k | $27.49 |
| − OpEx | −$23.8k | −$8.25 |
| NOI | $55.6k | $19.24 |
2,888 SF · lease $29.40/SF/yr · vacancy 6.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - A two-family home with two 3-bedroom units, separate utilities, and an oversized lot with abundant parking.
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 home built in 1920 with two large 3‑bedroom units; Separate utilities for each unit; Rental income listed as $2,000/mo for the first floor and $2,500/mo for the second floor
