Two-Family Duplex with Rental
New
For Sale
$949,000
93 George Street, Stamford, CT 06902
Two-family property with one unit leased month-to-month and convenient access to downtown Stamford amenities.
Property Size2,900 SF
Price / SF$327.24
Days on Market7
Property Features for 93 George Street
General Information
Standard status
Active
Size
2,900 SF
Property subtype
2 Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Building Details
Year Built
1950
Buildings
1
Listing Agency:
Coldwell Banker Realty
(203) 957-1108
Listed By:
Mary Valenton
(203) 957-1108
Source:
Lockandkeyre
Added: Aug 9
Changed: Aug 14
Last Checked: Aug 14 at 6:03AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
Built in 1950, this 2,900-square-foot duplex contains two residential units and offers a flexible ownership configuration. Unit 2 is occupied under a month-to-month rental arrangement, while the property can accommodate continued leasing or owner occupancy of that unit.
The home is located at 93 George Street in Stamford, Connecticut, near Downtown Stamford, Metro-North, shopping, restaurants, parks, healthcare, major commuter routes, and other local amenities. Its two-unit layout supports separate residential use within one property and provides an established tenancy at closing.
The home is located at 93 George Street in Stamford, Connecticut, near Downtown Stamford, Metro-North, shopping, restaurants, parks, healthcare, major commuter routes, and other local amenities. Its two-unit layout supports separate residential use within one property and provides an established tenancy at closing.
Key Highlights
- Two‑unit residential property at 93 George Street, Stamford, CT 06902
- 2,900 square feet across the duplex
- Unit 2 is rented month‑to‑month
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
$55,803
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
5.88%
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%
$1,116,060
$1.1M
Cap Rate 7%
$797,186
$797.2K
Cap Rate 9%
$620,033
$620.0K
Market Conditions
NOI Build-Up for 2,900 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
$85.3K $29.40/SF
− Vacancy
−$5.5K −$1.91/SF
EGI
$79.7K $27.49/SF
− OpEx
−$23.9K −$8.25/SF
NOI
$55.8K $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%
$1,116,060
Cap Rate 7%
$797,186
Cap Rate 9%
$620,033
Alternative Uses
Best Use
Multifamily LT 5
$797.2K
$697.5K – $930.1K
NOI $55,803 @ 7.0% cap · market cap 5.88%
Second Best
Apartment 5plus
$713.0K
$623.9K – $831.8K
NOI $49,910 @ 7.0% cap · market cap 5.26%
Theoretical Best
Office A
$1.05M
$917.5K – $1.22M
NOI $73,400 @ 7.0% cap · market cap 7.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
422
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 - Two-family property with one unit leased month-to-month and convenient access to downtown Stamford amenities.
Where is this duplex located?
The property is located at 93 George Street Stamford, CT.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Two‑unit residential property at 93 George Street, Stamford, CT 06902; 2,900 square feet across the duplex; Unit 2 is rented month‑to‑month
