Two-Unit Duplex with Updated
For Sale
$750,000
72 West Broad Street, Stamford, CT 06902
Updated kitchens and baths support separate living spaces in this two-unit property.
Property Size1,945 SF
Price / SF$379.94
Days on Market13
Property Features for 72 West Broad Street
General Information
Standard status
Active
Size
1,945 SF
Property subtype
2 Family
Building Details
Building Size
1,945 SF
Year Built
1945
Listing Agency:
William Raveis Real Estate
(203) 921-8045
Listed By:
Elaine Parruccini · License #RES.0242953
(203) 921-8045
Source:
Iverty
Added: Jul 30
Changed: Aug 11
Last Checked: Aug 11 at 6:38AM
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 William Raveis Real Estate
Investment Insights
Based on property information with market context.
This 1,974-square-foot duplex, built in 1945, contains two residential units with a two-bedroom, one-bath layout in each. Both kitchens and bathrooms have been updated. The property also includes a one-car garage, basement, driveway parking, and additional off-street parking. A three-season porch and walk-up attic provide added space on the second floor.
Located at 72 West Broad Street in Stamford, the property is described as walkable to downtown, Metro North, Gaynor Brenann Golf Course, and Stamford Hospital. The current owner occupies one unit and uses the other for company, offering an existing owner-occupancy arrangement for consideration.
Located at 72 West Broad Street in Stamford, the property is described as walkable to downtown, Metro North, Gaynor Brenann Golf Course, and Stamford Hospital. The current owner occupies one unit and uses the other for company, offering an existing owner-occupancy arrangement for consideration.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 bath in each unit
- 1,974 square feet; built in 1945
- Updated kitchens and bathrooms
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
$37,984
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
5.06%
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%
$759,680
$759.7K
Cap Rate 7%
$542,629
$542.6K
Cap Rate 9%
$422,044
$422.0K
Market Conditions
NOI Build-Up for 1,974 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
$58.0K $29.40/SF
− Vacancy
−$3.8K −$1.91/SF
EGI
$54.3K $27.49/SF
− OpEx
−$16.3K −$8.25/SF
NOI
$38.0K $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%
$759,680
Cap Rate 7%
$542,629
Cap Rate 9%
$422,044
Alternative Uses
Best Use
Multifamily LT 5
$542.6K
$474.8K – $633.1K
NOI $37,984 @ 7.0% cap · market cap 5.06%
Second Best
Apartment 5plus
$485.3K
$424.7K – $566.2K
NOI $33,973 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$713.7K
$624.5K – $832.7K
NOI $49,962 @ 7.0% cap · market cap 6.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,127
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
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 kitchens and baths support separate living spaces in this two-unit property.
Where is this duplex located?
The property is located at 72 West Broad Street Stamford, CT.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 1 bath in each unit; 1,974 square feet; built in 1945; Updated kitchens and bathrooms
