Renovated Two-Family
73 Rippowam Road Stamford, CT 06902
For Sale
$980,000
Renovated duplex with two 2-bedroom, 1-bath units, each offering updated kitchens and hardwood flooring.
Property Size1,771 SF
Price / SF$553.36
Days on Market185
Property Features for 73 Rippowam Road
General Information
- Standard status
- Active
- Size
- 1,771 SF
- Property subtype
- Multi-Family / 2 Family
Building Details
- Year Built
- 1930
Listing Agency:
Lasko Real Estate, LLC
(203) 363-4180
Listed By:
Mildred Reyes · License #REB.0792066
(203) 363-4180
Source:
Compass
Added: Jan 20
Changed: Jul 22
Last Checked: Jul 23 at 10:32AM
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 Lasko Real Estate, LLC
Investment Insights
Based on property information with market context.
This renovated two-family duplex includes two separate 2-bedroom, 1-bath units, with each apartment featuring a living room, updated kitchens, hardwood floors, and generous closet space. The front unit includes an ample kitchen with stainless steel appliances, while the second unit’s kitchen features quartz countertops and stylish finishes.
The property includes a paved driveway with parking for up to four vehicles. Located in the Shippan Point community, it is described as being steps from the beach and close to West Beach, Brennan’s Restaurant, and public transportation, with downtown Stamford and shopping and dining nearby.
The property includes a paved driveway with parking for up to four vehicles. Located in the Shippan Point community, it is described as being steps from the beach and close to West Beach, Brennan’s Restaurant, and public transportation, with downtown Stamford and shopping and dining nearby.
Key Highlights
- Renovated two‑family (duplex) home with two 2‑bedroom, 1‑bath units
- Each unit includes an updated kitchen and hardwood floors
- Unit laundry: washer/dryer for all units
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $52.1k | $29.40 |
| − Vacancy | −$3.4k | −$1.91 |
| EGI | $48.7k | $27.49 |
| − OpEx | −$14.6k | −$8.25 |
| NOI | $34.1k | $19.24 |
1,771 SF · lease $29.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$486.8K
$426.0K – $568.0K
NOI $34,078 @ 7.0% cap · market cap 3.48%
Second Best
Apartment 5plus
$435.4K
$381.0K – $508.0K
NOI $30,480 @ 7.0% cap · market cap 3.11%
Theoretical Best
Office A
$640.3K
$560.3K – $747.1K
NOI $44,824 @ 7.0% cap · market cap 4.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Renovated duplex with two 2-bedroom, 1-bath units, each offering updated kitchens and hardwood flooring.
Where is this duplex located?
The property is located at 73 Rippowam Road Stamford, CT.
What is the asking price?
The asking price for this property is $980,000.
What are key features of this property?
This property features: Renovated two‑family (duplex) home with two 2‑bedroom, 1‑bath units; Each unit includes an updated kitchen and hardwood floors; Unit laundry: washer/dryer for all units
