Two-Unit Residential Income
355 Hope Street, Stamford, CT 06906
New
MULTI_FAMILY - Stamford, CT
Property size:
2,888 SFLot size:
0.26 AcresPrice / SF:
$323/SF- Added:
- Jul 1, 2026
- Days on Market:
- 5
- Last Refresh:
- Jul 5 at 9:06 pm
Property Features for 355 Hope Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R6
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Basement, Bedroom 3, Bedroom 6, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 5, Bedroom 4, Bathroom 2
- Parking
- 10
- Patio and Porch features
- Porch
- Exterior features
- Porch
- Basement
- Unfinished, Full
- 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 agent Ed Villeda
Listing office William Pitt Sotheby's Int'l 3 Roxbury Road, Stamford, CT (203) 968-1500
Listing date Jul 1, 2026
MLS# 24188355
Listing URL
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.
HighLights
- 2‑family home at 355 Hope Street with two large 3‑bedroom units
- Separate utilities for the two units
- Rental potential noted: $2,000/mo for the first floor and $2,500/mo for the second floor
- Detached 3‑car garage with full walk‑up loft
- Oversized lot with abundant parking
- Public water and public sewer; porch; built in 1920
Overview
This two-family residence includes two large three-bedroom units with separate utilities, offering straightforward separation between the homes. The detached three-car garage features a full walk-up loft, providing additional flexible space that can be used for storage or other accessory needs. The interior is reported to need updates, creating an opportunity for a buyer to renovate and tailor finishes to rental standards.
The property is located at 355 Hope Street in Stamford, Connecticut, within Fairfield County, and is identified with R6 zoning. It is described as being near the Glenbrook train station, supporting convenient access for commuting. The overall lot is noted as oversized and includes abundant parking.
For investors or owner-occupants seeking a manageable income property, the separate utilities can simplify billing and tenant turnover between units. The garage and walk-up loft add practical utility beyond typical off-street parking, which may help support tenant needs for storage. With interior improvements needed, the building may appeal to buyers who plan to upgrade the units and bring the property up to date for continued residential income.
The property is located at 355 Hope Street in Stamford, Connecticut, within Fairfield County, and is identified with R6 zoning. It is described as being near the Glenbrook train station, supporting convenient access for commuting. The overall lot is noted as oversized and includes abundant parking.
For investors or owner-occupants seeking a manageable income property, the separate utilities can simplify billing and tenant turnover between units. The garage and walk-up loft add practical utility beyond typical off-street parking, which may help support tenant needs for storage. With interior improvements needed, the building may appeal to buyers who plan to upgrade the units and bring the property up to date for continued residential income.
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 Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Stamford
- County
- Fairfield
- State
- Connecticut
- Longitude
- -73.523432
- Latitude
- 41.071944
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two-family home with separate utilities, two 3-bedroom units, and a detached 3-car garage on an oversized lot.
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: 2‑family home at 355 Hope Street with two large 3‑bedroom units; Separate utilities for the two units; Rental potential noted: $2,000/mo for the first floor and $2,500/mo for the second floor
