Renovated Two-Family
New
For Sale
$799,000
71 Alvord Lane, Stamford, CT 06902
Multi-Family For Sale, Units on different Floors, Stamford, CT
Property Size1,980 SF
Lot Size0.14 Acres
Price / SF$403.54
Days on Market2
Property Features for 71 Alvord Lane
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 3, Basement
Basement
Concrete, Partially Finished, Partial
Lot features
Level Lot
Elementary school
Westover Magnet
High school
Westhill
Directions
Drive southwest on Atlantic St. Right to Washington Bld. Turn left to take the I 95 South ramp toward New York City. Take exit 6 toward West Ave. Right to West Ave. Left to West Main St/US 1.
Subdivision
West Side
Standard status
Active
Size
1,980 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
9252
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Cooling system
Window Unit(s)
Water source
Public
Amenities
washer/dryer
Building Details
Year built
1960
Architectural style
Other
Listing Agency:
Beycome of Connecticut
(804) 656-5007
Listed By:
Steven Koleno · License #3469487
(844) 239-2663
Added: Sep 17
Changed: Sep 18
Last Checked: Sep 18 at 9:06PM
MLS# 24208030
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.
Investment Insights
Based on property information with market context.
This 1,980-square-foot duplex on a 0.14-acre lot was renovated three years ago and includes two residential units. The first unit offers one bedroom, a study or den, and one full bathroom; the second has two bedrooms, an additional flexible room, and one full bathroom. Separate electric and gas meters, individual thermostats, and dedicated washers and dryers support independent unit operation. The property also has a newer roof, siding, high-efficiency boiler, and appliances.
A partially finished walk-out lower level provides natural light through two windows, storage, and an additional full bath area that is not reflected in public tax records. The private rear parking area accommodates multiple vehicles. Public water and sewer serve the property, with hot-water heating and window-unit cooling. Access is available to Old Greenwich Metro-North Station, I-95 Exit 6, ShopRite, and Home Depot.
A partially finished walk-out lower level provides natural light through two windows, storage, and an additional full bath area that is not reflected in public tax records. The private rear parking area accommodates multiple vehicles. Public water and sewer serve the property, with hot-water heating and window-unit cooling. Access is available to Old Greenwich Metro-North Station, I-95 Exit 6, ShopRite, and Home Depot.
Key Highlights
- Two‑family duplex with 1,980 square feet of property size
- Renovated three years ago with newer roof, siding, boiler, and appliances
- Unit 1 includes 1 bedroom plus a study/den and 1 full bath
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,100
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Updated duplex with separate utilities, private parking, and flexible lower-level space.
Where is this duplex located?
The property is located at 71 Alvord Lane 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: Two‑family duplex with 1,980 square feet of property size; Renovated three years ago with newer roof, siding, boiler, and appliances; Unit 1 includes 1 bedroom plus a study/den and 1 full bath
