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    Two-Home Colonial Compound Title is generated by Realmo AI

    159 Barry Avenue, Ridgefield, CT 06877

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    For Sale
    $1,060,000

    MULTI_FAMILY - Ridgefield, CT

    Property size:
    2,079 SF
    Lot size:
    0.85 Acres
    Price / SF:
    $509/SF
    Added:
    Jun 4, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 5 at 2:06 am

    Property Features for 159 Barry Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    RAA
    Bedrooms
    6
    Bathrooms
    3
    Rooms
    Bathroom 2, Bedroom 3, Bedroom 6, Bedroom 2, Bathroom 1, Bedroom 1, Basement, Bedroom 5, Bathroom 3, Bedroom 4
    Patio and Porch features
    Patio
    Exterior features
    Porch,Patio
    Basement
    Unfinished, Full
    Standard status
    Active
    Size
    2,079 SF
    Lot size
    0.85 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    10810

    Utilities

    Heating system
    Other (Heating), Baseboard, Hot Water(Heating)
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1931

    We can help!

    Listing Contact
    Heather Salaga

    Listing agent Heather Salaga

    Listing office Houlihan Lawrence 395 Main Street, Ridgefield, CT

    Listing date Jun 4, 2026

    MLS# 24181197 Listing URL

    Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Two separate homes on one Ridgefield property with a long private gravel driveway set back from the road
    • Primary residence offers 3–4 bedrooms and 2 full bathrooms
    • Detached secondary residence adds 2 bedrooms and 1 full bathroom for flexible living options
    • 1931‑built homes with public water; level, usable outdoor space including a fenced patio area
    • Heating includes baseboard and hot water; cooling provided by window unit(s)
    • Exterior features include a porch and patio

    Overview

    Welcome to 159 Barry Avenue, a distinctive Antique Colonial compound offering two separate homes on one Ridgefield property. The primary residence features 3/4 bedrooms and 2 full bathrooms, while the detached secondary home includes 2 bedrooms and 1 full bathroom. The residences are set well back from the road beyond a long private gravel driveway, with the property surrounded by mature trees and plantings. Outdoor space includes level, usable areas designed for day-to-day enjoyment and entertaining, including a fenced patio area serving the primary residence.

    The property sits on approximately 0.85 acres and is described as being just minutes to Ridgefield’s village center, including access to downtown restaurants, shops, parks, schools, and cultural attractions, along with commuting routes toward lower Fairfield County, Westchester County, and New York City. Zoning is listed as RAA.

    This setup is well suited for buyers looking for separate living quarters on one site, whether for multi-generational use, visiting guests, or a home office arrangement. With a detached second home, the property also supports tenant or rental scenarios where privacy and separation between households matter. If you’re seeking a flexible, character-forward alternative to a single residence, this two-home compound provides a practical way to combine privacy, outdoor space, and independent layouts under one roofline of ownership.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ridgefield
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.517877
    Latitude
    41.284512

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    FAQs

    What type of property is this?
    Single family property - Antique Colonial property with two separate residences, offering flexible living arrangements on a private, tree-lined setting.
    Where is this single family property located?
    The property is located at 159 Barry Avenue Ridgefield, CT.
    What is the asking price?
    The asking price for this property is $1,060,000.
    What are key features of this property?
    This property features: Two separate homes on one Ridgefield property with a long private gravel driveway set back from the road; Primary residence offers 3–4 bedrooms and 2 full bathrooms; Detached secondary residence adds 2 bedrooms and 1 full bathroom for flexible living options
    (203) 770-8591
    We can help!
    Listing Contact
    Heather Salaga
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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