Side-by-Side Duplex with
For Sale
$975,000
511 Fairfield, Stamford, CT 06902
Two residential units provide three bedrooms, laundry hookups, and a partially finished basement in one unit.
Property Size1,920 SF
Lot Size0.24 Acres
Price / SF$304.69
Days on Market67
Property Features for 511 Fairfield
General Information
Standard status
Active
Size
1,920 SF
Total Parking Spaces
2
Lot size
0.24 Acres
Property subtype
2 Family
Lease Term
Listing ID: 24198263, Standard Status: Active, MLS Status: Active, Property Subtype: 2 Family, 11 days on market
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 3BR/1.5BA
Multifamily Units
2
Amenities
washer/dryer hookups
Building Details
Building Size
1,920 SF
Year Built
1920
Listing Agency:
Thomas Real Estate
(203) 299-1818
Listed By:
Jonas Thomas · License #REB.0756730
(203) 838-2959
Source:
Iverty
Added: Aug 10
Changed: Oct 13
Last Checked: Oct 14 at 11:54PM
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 Thomas Real Estate
Investment Insights
Based on property information with market context.
This 1920-built duplex contains 3,200 square feet arranged as two side-by-side residential units. Each unit has three bedrooms, one full bath, and one half bath. The left-side unit includes a partially finished basement, while both units have washer and dryer hookups. A detached two-car garage is also included, and the property is offered in as-is condition.
The property occupies a .24-acre lot at 511-513 S Fairfield Ave S in Stamford. The location provides access to highways, trains, beaches, shopping centers, restaurants, and downtown Stamford. The existing structure presents a two-unit layout with garage space and basement utility that can support renovation planning.
The property occupies a .24-acre lot at 511-513 S Fairfield Ave S in Stamford. The location provides access to highways, trains, beaches, shopping centers, restaurants, and downtown Stamford. The existing structure presents a two-unit layout with garage space and basement utility that can support renovation planning.
Key Highlights
- Two side‑by‑side units, each with 3 bedrooms, 1 full bath, and 1 half bath
- 3,200 square feet on a .24‑acre lot
- Detached 2‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,575
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,231,500
$1.2M
Cap Rate 7%
$879,643
$879.6K
Cap Rate 9%
$684,167
$684.2K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$94.1K $29.40/SF
− Vacancy
−$6.1K −$1.91/SF
EGI
$88.0K $27.49/SF
− OpEx
−$26.4K −$8.25/SF
NOI
$61.6K $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%
$1,231,500
Cap Rate 7%
$879,643
Cap Rate 9%
$684,167
Alternative Uses
Best Use
Multifamily LT 5
$879.6K
$769.7K – $1.03M
NOI $61,575 @ 7.0% cap · market cap 6.32%
Second Best
Apartment 5plus
$786.8K
$688.4K – $917.9K
NOI $55,073 @ 7.0% cap · market cap 5.65%
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $80,993 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,136
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 provide three bedrooms, laundry hookups, and a partially finished basement in one unit.
Where is this duplex located?
The property is located at 511 Fairfield Stamford, CT.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Two side‑by‑side units, each with 3 bedrooms, 1 full bath, and 1 half bath; 3,200 square feet on a .24‑acre lot; Detached 2‑car garage
