Two-Unit Duplex with Covered
For Sale
Under Contract
$749,000
65 Roosevelt Avenue, Stamford, CT 06902
Multi-Family For Sale, Units on different Floors, Stamford, CT
Property Size1,972 SF
Lot Size0.13 Acres
Price / SF$379.82
Days on Market49
Property Features for 65 Roosevelt Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 3, Bedroom 2, Basement, Bathroom 2
Patio and Porch features
Deck
Exterior features
Shed,Garden Area,Covered Deck
Basement
Full, Sump Pump, Unfinished
Lot features
Level Lot
Elementary school
Roxbury
High school
Westhill
Directions
West Main Street to Roosevelt Avenue
Subdivision
West Side
Standard status
Active Under Contract
Size
1,972 SF
Lot size
0.13 Acres
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
electricity
Taxes and HOA fees
Tax Year
2027
Tax Annual Amount
10234
Utilities
Sewer type
Public Sewer
Heating system
Other (Heating), Baseboard, Zoned
Cooling system
Window Unit(s)
Water source
Public
Amenities
covered decks
full basement
Building Details
Year built
1952
Architectural style
Other
Buildings
1
Listing Agency:
William Pitt Sotheby's Int'l · Sotheby's International Realty
(203) 968-1500
Listed By:
Barbara Hickey
(203) 912-0578
Added: Sep 8
Changed: Oct 25
Last Checked: Oct 26 at 5:06PM
MLS# 24205120
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 1,972-square-foot duplex, built in 1952, contains two two-bedroom, one-bath units arranged on separate floors. Both residences feature front and rear entrances, spacious eat-in kitchens, and large living rooms. Each kitchen opens to a covered deck with steps leading to the rear yard. The first-floor unit includes a gas stove line, while the second-floor unit has been occupied by the same tenant for 30+ years.
The property sits on a 0.13-acre lot with a long driveway, rear carport, and additional off-street parking. A full basement with hatchway access provides storage and utility space. Heating is provided by oil-fired baseboard and radiators through one boiler with two zones; the property also has two electrical meters, public water, public sewer, and window-unit cooling.
The property sits on a 0.13-acre lot with a long driveway, rear carport, and additional off-street parking. A full basement with hatchway access provides storage and utility space. Heating is provided by oil-fired baseboard and radiators through one boiler with two zones; the property also has two electrical meters, public water, public sewer, and window-unit cooling.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 bath per unit
- 1,972 SF building on a 0.13‑acre lot
- Covered decks connect both kitchens to the rear yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,946
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$758,920
$758.9K
Cap Rate 7%
$542,086
$542.1K
Cap Rate 9%
$421,622
$421.6K
Market Conditions
NOI Build-Up for 1,972 SF
Gross rent
$58.0K $29.40/SF
− Vacancy
−$3.8K −$1.91/SF
EGI
$54.2K $27.49/SF
− OpEx
−$16.3K −$8.25/SF
NOI
$37.9K $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%
$758,920
Cap Rate 7%
$542,086
Cap Rate 9%
$421,622
Alternative Uses
Best Use
Multifamily LT 5
$542.1K
$474.3K – $632.4K
NOI $37,946 @ 7.0% cap · market cap 5.07%
Second Best
Apartment 5plus
$484.8K
$424.2K – $565.7K
NOI $33,939 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$713.0K
$623.9K – $831.9K
NOI $49,912 @ 7.0% cap · market cap 6.66%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,041
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 - R6-zoned duplex with separate entrances, off-street parking, and a level rear yard.
Where is this duplex located?
The property is located at 65 Roosevelt Avenue Stamford, CT.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 1 bath per unit; 1,972 SF building on a 0.13‑acre lot; Covered decks connect both kitchens to the rear yard
