Two-Unit Home with Tandem
For Sale
Under Contract
$1,125,000
44 Elm Tree Place, Stamford, CT 06906
Multi-Family For Sale, Units on different Floors, Stamford, CT
Property Size2,664 SF
Lot Size0.24 Acres
Price / SF$422.30
Days on Market69
Property Features for 44 Elm Tree Place
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 5, Bathroom 1, Bedroom 1, Bedroom 2, Basement
Parking
5
Patio and Porch features
Porch
Exterior features
Porch
Basement
Full
Lot features
Level Lot
Elementary school
Per Board of Ed
High school
Per Board of Ed
Directions
Glenbrook Rd to Kirkham Pl, Kirkham Pl. Drive to Elm Tree Pl
Subdivision
Glenbrook
Standard status
Active Under Contract
Size
2,664 SF
Lot size
0.24 Acres
Additional Details
Individually Metered Utilities
electricity
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
12803
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Cooling system
Window Unit(s)
Water source
Public
Amenities
in-unit laundry
Building Details
Year built
1922
Architectural style
Other
Buildings
1
Listing Agency:
William Pitt Sotheby's Int'l · Sotheby's International Realty
(203) 968-1500
Listed By:
Ed Villeda
Added: Aug 27
Changed: Oct 28
Last Checked: Nov 3 at 1:06AM
MLS# 24202193
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.
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Investment Insights
Based on property information with market context.
This 2,664-square-foot duplex, built in 1922, contains two separate residences. The first-floor unit has two bedrooms, one full bathroom, a living room, dining area, and kitchen. The second-floor unit includes three bedrooms, one full bathroom, living and dining areas, a kitchen, and a finished attic bonus room currently used as a bedroom. Additional unfinished attic space and a full unfinished basement provide storage areas.
Each unit has its own laundry, gas furnace, heat, hot water, and electric service, along with a third owner’s meter. The property includes a detached four-car tandem garage, porch, and an oversized 0.24-acre lot with off-street parking. Public water and public sewer serve the property, which is zoned R6. Shopping, dining, groceries, schools, parks, and major commuter routes are nearby.
Each unit has its own laundry, gas furnace, heat, hot water, and electric service, along with a third owner’s meter. The property includes a detached four-car tandem garage, porch, and an oversized 0.24-acre lot with off-street parking. Public water and public sewer serve the property, which is zoned R6. Shopping, dining, groceries, schools, parks, and major commuter routes are nearby.
Key Highlights
- 2,664‑square‑foot duplex on a 0.24‑acre lot
- First‑floor 2‑bedroom unit and second‑floor 3‑bedroom unit
- Finished attic bonus room plus additional unfinished attic space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,261
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,025,220
$1.0M
Cap Rate 7%
$732,300
$732.3K
Cap Rate 9%
$569,567
$569.6K
Market Conditions
NOI Build-Up for 2,664 SF
Gross rent
$78.3K $29.40/SF
− Vacancy
−$5.1K −$1.91/SF
EGI
$73.2K $27.49/SF
− OpEx
−$22.0K −$8.25/SF
NOI
$51.3K $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 Rate 5%
$1,025,220
Cap Rate 7%
$732,300
Cap Rate 9%
$569,567
Alternative Uses
Best Use
Multifamily LT 5
$732.3K
$640.8K – $854.4K
NOI $51,261 @ 7.0% cap · market cap 4.56%
Second Best
Apartment 5plus
$655.0K
$573.1K – $764.2K
NOI $45,849 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$963.2K
$842.8K – $1.12M
NOI $67,426 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,073
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes private laundry, separate utilities, and flexible living, dining, kitchen, and bedroom areas.
Where is this duplex located?
The property is located at 44 Elm Tree Place Stamford, CT.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: 2,664‑square‑foot duplex on a 0.24‑acre lot; First‑floor 2‑bedroom unit and second‑floor 3‑bedroom unit; Finished attic bonus room plus additional unfinished attic space
