Duplex with Two-Car
For Sale
$788,800
Pending
60 Stephen Street, Stamford, CT 06902
Multi-Family For Sale, Units on different Floors, Stamford, CT
Property Size2,408 SF
Lot Size0.10 Acres
Days on Market49
Property Features for 60 Stephen Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 5, Bathroom 1, Bathroom 2, Bedroom 1, Basement, Bedroom 2, Bedroom 4, Bedroom 3
Parking
4
Basement
Full
Lot features
City Views
Elementary school
Stillmeadow
High school
Westhill
Directions
Off W. Broad St. Walking Distance from Downtown Macy, Target, U Conn, Hospital. Google GPS.
Subdivision
West Side
Standard status
Pending
Size
2,408 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
9319
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Water source
Public
Building Details
Year built
1925
Architectural style
Other
Listing Agency:
BHGRE Shore & Country
(203) 504-5005
Listed By:
Mei Ling Cheung
(914) 752-8788
Added: Sep 4
Changed: Oct 19
Last Checked: Oct 22 at 7:06PM
MLS# 24204563
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 2,408-square-foot duplex on a 0.1-acre lot was built in 1925 and includes two residential units arranged across the first, second, and third floors. The upper unit has 3 bedrooms, an office, a bonus room, and an eat-in kitchen with quartz countertops and newer appliances. The first-floor unit includes 2 bedrooms, an office, an eat-in kitchen, and a living room. Both units have gas heat and cooking, while separate utilities support individual occupant billing.
Property improvements include a newer roof approximately 3 years old, updated 200 amp electrical service, 3 electric meters, and 2 gas meters. A 2-car garage and additional off-street parking are included. The property is served by public water and public sewer, is zoned R5, and is located at 60 Stephen Street in Stamford, near downtown, the train station, bus service, shopping, parks, restaurants, and UConn.
Property improvements include a newer roof approximately 3 years old, updated 200 amp electrical service, 3 electric meters, and 2 gas meters. A 2-car garage and additional off-street parking are included. The property is served by public water and public sewer, is zoned R5, and is located at 60 Stephen Street in Stamford, near downtown, the train station, bus service, shopping, parks, restaurants, and UConn.
Key Highlights
- 2,408‑square‑foot duplex on a 0.1‑acre lot
- Two residential units with 3 bedrooms upstairs and 2 bedrooms on the first floor
- Updated 200 amp service with 3 electric meters and 2 gas meters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,335
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$926,700
$926.7K
Cap Rate 7%
$661,929
$661.9K
Cap Rate 9%
$514,833
$514.8K
Market Conditions
NOI Build-Up for 2,408 SF
Gross rent
$70.8K $29.40/SF
− Vacancy
−$4.6K −$1.91/SF
EGI
$66.2K $27.49/SF
− OpEx
−$19.9K −$8.25/SF
NOI
$46.3K $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%
$926,700
Cap Rate 7%
$661,929
Cap Rate 9%
$514,833
Alternative Uses
Best Use
Multifamily LT 5
$661.9K
$579.2K – $772.3K
NOI $46,335 @ 7.0% cap · market cap 5.87%
Second Best
Apartment 5plus
$592.0K
$518.0K – $690.7K
NOI $41,443 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$870.7K
$761.8K – $1.02M
NOI $60,947 @ 7.0% cap · market cap 7.73%
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
5,122
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 residential units feature separate kitchens, utilities, and metering, with tenant-paid utilities and updated electrical service.
Where is this duplex located?
The property is located at 60 Stephen Street Stamford, CT.
What is the asking price?
The asking price for this property is $788,800.
What are key features of this property?
This property features: 2,408‑square‑foot duplex on a 0.1‑acre lot; Two residential units with 3 bedrooms upstairs and 2 bedrooms on the first floor; Updated 200 amp service with 3 electric meters and 2 gas meters
