Two-Family Residential Income
38 Mead Street Stamford, CT 06907
38 Mead Street, Stamford, CT, 06907
$750,000
For Sale
$750,000
Two-unit legal configuration with 4 bedrooms and 2 bathrooms, sold as-is and positioned for a full transformation.
Property Size2,135 SF
Price / SF$351.29
Days on Market77
Property Features for 38 Mead Street
General Information
- Standard status
- Active
- Size
- 2,135 SF
- Property subtype
- Multi-Family / 2 Family
Building Details
- Year Built
- 1910
Listing Agency
The LaRocca Group
(203) 962-1067
Listed by
Cathy Catrini · License #RES.0807663
(203) 962-1067
Source
Compass
Added: May 6 Updated: Jul 20 at 4:39 pm Checked: Jul 20 at 4:39 pm
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 The LaRocca Group
Investment Insights
Based on property information with market context.
This two-family residential income property is being sold as-is and offers a legal setup with two units, totaling 4 bedrooms and 2 bathrooms. The home is described as having solid bones and is suited for a complete transformation, restoration, and customization.
The property at 38 Mead Street is located in Springdale and is noted to be conveniently near shopping, transportation, schools, and parks.
For buyers and investors seeking a renovation project, the existing duplex/multifamily configuration provides a foundation to reimagine the layout and finishes to fit intended use after modernization.
The property at 38 Mead Street is located in Springdale and is noted to be conveniently near shopping, transportation, schools, and parks.
For buyers and investors seeking a renovation project, the existing duplex/multifamily configuration provides a foundation to reimagine the layout and finishes to fit intended use after modernization.
Key Highlights
- 2‑family property with a legal 2‑unit configuration, totaling 4 bedrooms and 2 bathrooms
- Year built 1910
- Interior includes 10 total rooms and 1 fireplace
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 | $62.8k | $29.40 |
| − Vacancy | −$4.1k | −$1.91 |
| EGI | $58.7k | $27.49 |
| − OpEx | −$17.6k | −$8.25 |
| NOI | $41.1k | $19.24 |
2,135 SF · lease $29.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$586.9K
$513.5K – $684.7K
NOI $41,082 @ 7.0% cap · market cap 5.48%
Second Best
Apartment 5plus
$524.9K
$459.3K – $612.4K
NOI $36,744 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$772.0K
$675.5K – $900.6K
NOI $54,037 @ 7.0% cap · market cap 7.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit legal configuration with 4 bedrooms and 2 bathrooms, sold as-is and positioned for a full transformation.
Where is this duplex located?
The property is located at 38 Mead Street Stamford, CT.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 2‑family property with a legal 2‑unit configuration, totaling 4 bedrooms and 2 bathrooms; Year built 1910; Interior includes 10 total rooms and 1 fireplace
