Two-Unit Duplex with
New
For Sale
$875,000
48 Euclid, Stamford, CT 06902
Two updated apartments provide separate laundry, central air conditioning, and a private backyard.
Property Size2,469 SF
Price / SF$354.39
Days on Market2
Property Features for 48 Euclid
General Information
Standard status
Active
Size
2,469 SF
Total Parking Spaces
4
Property subtype
2 Family
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/2BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
solid-surface flooring
central air conditioning
in-unit laundry
private backyard
Building Details
Year Built
1939
Buildings
1
Stories
2
Listing Agency:
Berkshire Hathaway NE Prop.
(203) 869-0500
Listed By:
Charles Nedder · License #RES.0767158
(203) 524-4303
Source:
Lockandkeyre
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 30 at 1:01PM
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 Berkshire Hathaway NE Prop.
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Investment Insights
Based on property information with market context.
This renovated duplex contains two apartments with a combined five bedrooms and three full bathrooms. The first-floor residence has two bedrooms, one full bathroom, an updated kitchen, an open living area, storage, and a dedicated laundry area. Upstairs, the three-bedroom apartment includes two full bathrooms, a living room, an eat-in kitchen, a separate laundry room, and pull-down attic access. Both units have central air conditioning and solid-surface flooring.
The property includes 2,469 square feet, a detached one-car garage, and three driveway parking spaces. A private backyard provides outdoor space. Cove Island Park and the waterfront are nearby, with public transportation also accessible.
The property includes 2,469 square feet, a detached one-car garage, and three driveway parking spaces. A private backyard provides outdoor space. Cove Island Park and the waterfront are nearby, with public transportation also accessible.
Key Highlights
- Two apartments with a combined five bedrooms and three full bathrooms
- 2,469 square feet
- Central air conditioning and separate in‑unit laundry in both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,509
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$950,180
$950.2K
Cap Rate 7%
$678,700
$678.7K
Cap Rate 9%
$527,878
$527.9K
Market Conditions
NOI Build-Up for 2,469 SF
Gross rent
$72.6K $29.40/SF
− Vacancy
−$4.7K −$1.91/SF
EGI
$67.9K $27.49/SF
− OpEx
−$20.4K −$8.25/SF
NOI
$47.5K $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%
$950,180
Cap Rate 7%
$678,700
Cap Rate 9%
$527,878
Alternative Uses
Best Use
Multifamily LT 5
$678.7K
$593.9K – $791.8K
NOI $47,509 @ 7.0% cap · market cap 5.43%
Second Best
Apartment 5plus
$607.0K
$531.2K – $708.2K
NOI $42,493 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$892.7K
$781.1K – $1.04M
NOI $62,491 @ 7.0% cap · market cap 7.14%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
347
Businesses Nearby
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Business Placement
Demographics for 06902, CT
69,192
Population
30,142
Households
2.3
Avg Household Size
36
Median Age
44%
College-Educated
85%
High-School Grad
10.0 sq mi
ZIP Area
6,919
Density / Sq Mi
$92,527
Median Household Income
$48,285
Median Earnings
$2,139
Median Rent
$515,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two updated apartments provide separate laundry, central air conditioning, and a private backyard.
Where is this duplex located?
The property is located at 48 Euclid Stamford, CT.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Two apartments with a combined five bedrooms and three full bathrooms; 2,469 square feet; Central air conditioning and separate in‑unit laundry in both residences
