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21 Division St - Greenwich Side by Side in Appreciating Byram 2 Unit Apartment Building Offered at $1,950,000 at a 6% Cap Rate Greenwich, CT 06830
Investment Highlights
- Desirable Mirror Side by Side Units
- Close to Metro North Train
- Each Have Central Air, Laundry, and 2-Car Garages
Executive Summary
Cap is Proforma - Well-maintained side-by-side two-family in Byram featuring two mirror-image units, each offering 2 bedrooms and 1.1 baths. Spacious layouts include living rooms, eat-in kitchens with breakfast areas, and private outdoor space. Each unit offers hardwood floors, central air, in-unit laundry, and a 2-car tandem garage with driveway. Benefit from Greenwich's extremely low property taxes while living in one unit and offsetting costs with rental income from the other. Ideally located in Byram, one of Greenwich's fastest-growing areas, just minutes to Metro-North for an easy NYC commute, with continued upside and long-term value.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$132,000
|
$38.92
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$3,960
|
$1.17
|
| Effective Gross Income |
$128,040
|
$37.75
|
| Taxes |
$6,717
|
$1.98
|
| Operating Expenses |
$13,843
|
$4.08
|
| Total Expenses |
$20,560
|
$6.06
|
| Net Operating Income |
$107,480
|
$31.69
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $132,000 |
| Annual Per SF | $38.92 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $3,960 |
| Annual Per SF | $1.17 |
| Effective Gross Income | |
|---|---|
| Annual | $128,040 |
| Annual Per SF | $37.75 |
| Taxes | |
|---|---|
| Annual | $6,717 |
| Annual Per SF | $1.98 |
| Operating Expenses | |
|---|---|
| Annual | $13,843 |
| Annual Per SF | $4.08 |
| Total Expenses | |
|---|---|
| Annual | $20,560 |
| Annual Per SF | $6.06 |
| Net Operating Income | |
|---|---|
| Annual | $107,480 |
| Annual Per SF | $31.69 |
Property Facts
| Price | $1,950,000 | Property Type | Multifamily |
| Price Per Unit | $975,000 | Building Size | 3,392 SF |
| Sale Type | Investment | No. Stories | 3 |
| Cap Rate | 6% | Year Built | 1995 |
| No. Units | 2 | Parking Ratio | 1.77/1,000 SF |
| Zoning | R6 - R6 - The Greenwich Multifamily Zone | ||
| Price | $1,950,000 |
| Price Per Unit | $975,000 |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 2 |
| Property Type | Multifamily |
| Building Size | 3,392 SF |
| No. Stories | 3 |
| Year Built | 1995 |
| Parking Ratio | 1.77/1,000 SF |
| Zoning | R6 - R6 - The Greenwich Multifamily Zone |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 1 | $5,000 | 1,696 |
| 2+1.5 | 1 | $6,000 | 1,696 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | GREE-000007-000000-001863-S000000 | Total Assessment | $756,630 (2025) |
| Land Assessment | $529,060 (2025) | Annual Taxes | $6,717 ($1.98/SF) |
| Improvements Assessment | $227,570 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
GREE-000007-000000-001863-S000000
Land Assessment
$529,060 (2025)
Improvements Assessment
$227,570 (2025)
Total Assessment
$756,630 (2025)
Annual Taxes
$6,717 ($1.98/SF)
Tax Year
2026
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21 Division St - Greenwich Side by Side in Appreciating Byram
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