Renovated Duplex with Separate
For Sale
$799,000
71 Alvord, Stamford, CT 06902
Updated two-family property with separate meters, in-unit laundry, and private rear parking.
Property Size1,960 SF
Price / SF$403.54
Days on Market27
Property Features for 71 Alvord
General Information
Standard status
Active
Size
1,960 SF
Property subtype
2 Family
Lease Term
Listing ID: 24208030, Standard Status: Active, MLS Status: Active, Property Subtype: 2 Family, 6 days on market
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 1BR+den/1BA, 1 x 2BR+flex/1BA
Multifamily Units
2
Amenities
separate electric and gas meters
individual thermostats
in-unit washer/dryer
private parking
walk-out lower level
Building Details
Building Size
1,960 SF
Year Built
1960
Buildings
1
Listing Agency:
Beycome of Connecticut
(804) 656-5007
Listed By:
Steven Koleno · License #REB.0792869
(844) 239-2663
Source:
Iverty
Added: Sep 17
Changed: Oct 11
Last Checked: Oct 12 at 8:38PM
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 Beycome of Connecticut
Investment Insights
Based on property information with market context.
Built in 1960 and renovated three years ago, this 1,980-square-foot duplex includes two separately metered units with individual thermostats and dedicated washers and dryers. Improvements include a newer roof, siding, high-efficiency boiler, and appliances. The first unit offers 1 bedroom, a study or den, and 1 full bath. The second has 2 bedrooms, an additional flexible room, and 1 full bath.
A partially finished walk-out lower level provides natural light through two windows, substantial storage, and an additional full bath area that is not reflected in public tax records. The property also includes a private rear parking area accommodating multiple vehicles, with additional space for outdoor activities and entertaining. Access is available to Old Greenwich Metro-North Station, I-95 Exit 6, ShopRite, Home Depot, and everyday conveniences.
A partially finished walk-out lower level provides natural light through two windows, substantial storage, and an additional full bath area that is not reflected in public tax records. The property also includes a private rear parking area accommodating multiple vehicles, with additional space for outdoor activities and entertaining. Access is available to Old Greenwich Metro-North Station, I-95 Exit 6, ShopRite, Home Depot, and everyday conveniences.
Key Highlights
- Renovated three years ago with a newer roof, siding, high‑efficiency boiler, and appliances
- 1,980‑square‑foot duplex with two separately metered units
- Unit 1: 1 bedroom, study/den, and 1 full bath; Unit 2: 2 bedrooms, flexible extra room, and 1 full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,100
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$762,000
$762.0K
Cap Rate 7%
$544,286
$544.3K
Cap Rate 9%
$423,333
$423.3K
Market Conditions
NOI Build-Up for 1,980 SF
Gross rent
$58.2K $29.40/SF
− Vacancy
−$3.8K −$1.91/SF
EGI
$54.4K $27.49/SF
− OpEx
−$16.3K −$8.25/SF
NOI
$38.1K $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%
$762,000
Cap Rate 7%
$544,286
Cap Rate 9%
$423,333
Alternative Uses
Best Use
Multifamily LT 5
$544.3K
$476.3K – $635.0K
NOI $38,100 @ 7.0% cap · market cap 4.77%
Second Best
Apartment 5plus
$486.8K
$426.0K – $568.0K
NOI $34,077 @ 7.0% cap · market cap 4.26%
Theoretical Best
Office A
$715.9K
$626.4K – $835.2K
NOI $50,114 @ 7.0% cap · market cap 6.27%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,158
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Updated two-family property with separate meters, in-unit laundry, and private rear parking.
Where is this duplex located?
The property is located at 71 Alvord Stamford, CT.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Renovated three years ago with a newer roof, siding, high‑efficiency boiler, and appliances; 1,980‑square‑foot duplex with two separately metered units; Unit 1: 1 bedroom, study/den, and 1 full bath; Unit 2: 2 bedrooms, flexible extra room, and 1 full bath
