Waterfront Duplex
For Sale
$1,200,000
Pending
82-84 Harbor Drive, Stamford, CT 06902
Two-family property near beaches, parks, waterfront recreation, dining, shopping, and Metro-North access.
Property Size2,964 SF
Days on Market48
Property Features for 82-84 Harbor Drive
General Information
Standard status
Pending
Size
2,964 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1973
Listing Agency:
RE/MAX Heritage
Listed By:
Mohammed Shahjahan · License #851343
(203) 252-6953
Source:
Foreverhomesrealestate
Added: Sep 5
Changed: Oct 10
Last Checked: Oct 20 at 5:54PM
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 RE/MAX Heritage
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Investment Insights
Based on property information with market context.
Built in 1973, this two-family property contains 2,964 square feet and is located at 82-84 Harbor Drive in Stamford. The duplex configuration supports separate residential units within a single investment property, with the surrounding setting offering access to coastal recreation and neighborhood amenities.
The property is near West Beach, Cummings Park, Long Island Sound, waterfront walking areas, and recreational facilities. Dining, shopping, and the Harbor Point district are also nearby, while downtown Stamford and the Metro-North station are a short drive away. The location provides access to beaches, parks, and commuting connections within the broader Stamford waterfront area.
The property is near West Beach, Cummings Park, Long Island Sound, waterfront walking areas, and recreational facilities. Dining, shopping, and the Harbor Point district are also nearby, while downtown Stamford and the Metro-North station are a short drive away. The location provides access to beaches, parks, and commuting connections within the broader Stamford waterfront area.
Key Highlights
- Two‑family duplex property at 82‑84 Harbor Drive
- 2,964 square feet
- Built in 1973
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,034
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,140,680
$1.1M
Cap Rate 7%
$814,771
$814.8K
Cap Rate 9%
$633,711
$633.7K
Market Conditions
NOI Build-Up for 2,964 SF
Gross rent
$87.1K $29.40/SF
− Vacancy
−$5.7K −$1.91/SF
EGI
$81.5K $27.49/SF
− OpEx
−$24.4K −$8.25/SF
NOI
$57.0K $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 Rate 5%
$1,140,680
Cap Rate 7%
$814,771
Cap Rate 9%
$633,711
Alternative Uses
Best Use
Multifamily LT 5
$814.8K
$712.9K – $950.6K
NOI $57,034 @ 7.0% cap · market cap 4.75%
Second Best
Apartment 5plus
$728.7K
$637.7K – $850.2K
NOI $51,012 @ 7.0% cap · market cap 4.25%
Theoretical Best
Office A
$1.07M
$937.7K – $1.25M
NOI $75,019 @ 7.0% cap · market cap 6.25%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
752
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 - Two-family property near beaches, parks, waterfront recreation, dining, shopping, and Metro-North access.
Where is this duplex located?
The property is located at 82-84 Harbor Drive Stamford, CT.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Two‑family duplex property at 82‑84 Harbor Drive; 2,964 square feet; Built in 1973
