Two-Unit Duplex with
For Sale
$585,000
Pending
59 Horton Street, Stamford, CT 06902
Multi-Family For Sale, Units on different Floors, Stamford, CT
Property Size1,625 SF
Lot Size0.11 Acres
Days on Market54
Property Features for 59 Horton Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 4, Bedroom 1
Basement
Full
Lot features
Corner Lot
Elementary school
Per Board of Ed
High school
Per Board of Ed
Directions
Use GPS
Subdivision
Cove
Standard status
Pending
Size
1,625 SF
Lot size
0.11 Acres
Additional Details
Individually Metered Utilities
gas, electricity
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
9312
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Baseboard
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1928
Architectural style
Other
Buildings
1
Listing Agency:
RE/MAX Right Choice · RE/MAX International
(203) 614-8711
Listed By:
Chris Carozza · License #RES.0768259
(203) 912-6819
Added: Sep 11
Changed: Oct 25
Last Checked: Nov 2 at 11:06PM
MLS# 24206466
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.
Built in 1928, this 1,625-square-foot duplex contains two residences arranged on separate floors. Each unit includes two bedrooms and one full bathroom, with independent gas and electric metering. The property also provides a walkout basement and a one-car garage on a 0.11-acre lot.
Heating is provided by natural-gas baseboard systems, with a dedicated furnace serving each unit. The first-floor apartment receives hot water from the boiler, while the upper unit has an electric water heater; water service to the second-floor unit is currently turned off and winterized. Public water and public sewer serve the property, with window-unit cooling.
The home is located on Horton Street in Stamford's Cove neighborhood, near Cove Island Park, beaches, shopping, restaurants, downtown Stamford, Metro-North, and I-95. Zoning is R5.
Heating is provided by natural-gas baseboard systems, with a dedicated furnace serving each unit. The first-floor apartment receives hot water from the boiler, while the upper unit has an electric water heater; water service to the second-floor unit is currently turned off and winterized. Public water and public sewer serve the property, with window-unit cooling.
The home is located on Horton Street in Stamford's Cove neighborhood, near Cove Island Park, beaches, shopping, restaurants, downtown Stamford, Metro-North, and I-95. Zoning is R5.
Key Highlights
- Two‑family duplex with 1,625 square feet of property area
- Each unit has 2 bedrooms and 1 full bathroom
- Separate gas and electric meters for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,269
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$625,380
$625.4K
Cap Rate 7%
$446,700
$446.7K
Cap Rate 9%
$347,433
$347.4K
Market Conditions
NOI Build-Up for 1,625 SF
Gross rent
$47.8K $29.40/SF
− Vacancy
−$3.1K −$1.91/SF
EGI
$44.7K $27.49/SF
− OpEx
−$13.4K −$8.25/SF
NOI
$31.3K $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%
$625,380
Cap Rate 7%
$446,700
Cap Rate 9%
$347,433
Alternative Uses
Best Use
Multifamily LT 5
$446.7K
$390.9K – $521.2K
NOI $31,269 @ 7.0% cap · market cap 5.35%
Second Best
Apartment 5plus
$399.5K
$349.6K – $466.1K
NOI $27,967 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$587.6K
$514.1K – $685.5K
NOI $41,129 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
466
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 - Each residence offers two bedrooms, one full bathroom, and separate gas and electric meters.
Where is this duplex located?
The property is located at 59 Horton Street Stamford, CT.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Two‑family duplex with 1,625 square feet of property area; Each unit has 2 bedrooms and 1 full bathroom; Separate gas and electric meters for each residence
