Duplex with Finished
For Sale
$900,000
51 Lincoln Avenue, Stamford, CT 06902
Two residential units, a finished basement, and a large driveway create a flexible multifamily property.
Property Size2,520 SF
Price / SF$357.14
Days on Market150
Property Features for 51 Lincoln Avenue
General Information
Standard status
Active
Size
2,520 SF
Property subtype
Multi-Family / 2 Family
Zoning
R6
Taxes and HOA fees
Annual Taxes
$8,104
Amenities
No
Baseboard, Hot Water
16
Shed, Deck
Not Applicable
Building Details
Year Built
1928
Tenancy
Multi
Listing Agency:
Guy Bocicaut Real Estate
(203) 855-8200
Listed By:
Abdul Kader · License #RES.0785014
(203) 855-8200
Source:
Compass
Added: Apr 4
Changed: Aug 30
Last Checked: Aug 30 at 5:45PM
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 Guy Bocicaut Real Estate
Investment Insights
Based on property information with market context.
Located at 51 Lincoln Avenue, this 2,520-square-foot duplex was built in 1928 and includes two separate 3-bedroom, 1-bath units. A finished basement adds another 2 bedrooms and 1 bath, expanding the property’s overall configuration. Baseboard and hot-water heating are listed among the interior features, while the exterior includes a deck and shed.
The property is near Downtown Stamford, shopping, and dining, with a large driveway providing on-site parking. R6 zoning supports its residential multifamily classification.
The property is near Downtown Stamford, shopping, and dining, with a large driveway providing on-site parking. R6 zoning supports its residential multifamily classification.
Key Highlights
- Two 3‑bedroom, 1‑bath residential units
- Finished basement with 2 bedrooms and 1 bath
- 2,520 square feet on a property built in 1928
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$48,491
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$969,820
$969.8K
Cap Rate 7%
$692,729
$692.7K
Cap Rate 9%
$538,789
$538.8K
Market Conditions
NOI Build-Up for 2,520 SF
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.
Gross rent
$74.1K $29.40/SF
− Vacancy
−$4.8K −$1.91/SF
EGI
$69.3K $27.49/SF
− OpEx
−$20.8K −$8.25/SF
NOI
$48.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$969,820
Cap Rate 7%
$692,729
Cap Rate 9%
$538,789
Alternative Uses
Best Use
Multifamily LT 5
$692.7K
$606.1K – $808.2K
NOI $48,491 @ 7.0% cap · market cap 5.39%
Second Best
Apartment 5plus
$619.6K
$542.1K – $722.8K
NOI $43,370 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$911.2K
$797.3K – $1.06M
NOI $63,782 @ 7.0% cap · market cap 7.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,263
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units, a finished basement, and a large driveway create a flexible multifamily property.
Where is this duplex located?
The property is located at 51 Lincoln Avenue Stamford, CT.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Two 3‑bedroom, 1‑bath residential units; Finished basement with 2 bedrooms and 1 bath; 2,520 square feet on a property built in 1928
