Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Ansonia Mixed-Use Investment Opportunity Title is generated by Realmo AI

    232 Main St, Ansonia, CT 06401

    View on Map
    Claim this Listing
    For Sale
    $1,250,000

    Well-maintained 8-unit mixed-use property with commercial and residential units.

    Type:Commercial
    Added:
    Mar 31, 2026
    Days on Market:
    63
    Last Refresh:
    Mar 31 at 4:42 am

    Property Features for 232 Main St

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1860

    We can help!

    Listing Contact
    Zachary T. Pinto

    Listing agent Zachary T. Pinto License #RES.0827718

    Listing office Alpha Capital Realty, LLC

    Listing date Mar 31, 2026

    Source Elliman

    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 Alpha Capital Realty, LLC

    HighLights

    • Mixed‑use property with 1 commercial storefront and 7 residential units (five 2‑bedroom, two 1‑bedroom) offers diverse income streams.
    • Recent upgrades include a new roof, HVAC system, windows, and water heaters, minimizing near‑term maintenance costs.
    • Strong potential for increased rental income through light updates and lease adjustments to market rates.
    • Well‑maintained property ensures tenant satisfaction and reduces management concerns.
    • Located in the heart of Ansonia, providing convenient access to amenities.
    • Proximity to downtown and public transit enhances tenant appeal.

    Overview

    Located in Ansonia, 232 Main Street is a mixed-use property featuring a total of 8 units. The property includes 1 commercial storefront and 7 residential apartments, consisting of five 2-bedroom units and two 1-bedroom units. Recent upgrades include a new roof, HVAC system, windows, and water heaters. The property is located near downtown and public transit. The walk score is 57, indicating it is somewhat walkable, and the bike score is 15, indicating it is somewhat bikeable. There is potential for upside through light updates and lease adjustments.
    Location Intelligence

    Current Use by Public Records

    Legacy Lounge Bar & Pub

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Ansonia
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.0791437
    Latitude
    41.3430609

    Nearby Similar for Sale

    • $1,100,000
      6,588 SF

      Remodeled Ansonia Club and Restaurant

      Club, restaurant, and bar extensively remodeled in 2023.
      370 E Main Street, Ansonia, CT 06401
      View Details
    • $990,000
      5,508 SF

      Ansonia Multifamily Investment Opportunity

      Six-unit building with detached garage and income potential.
      22 Woodbridge Avenue, Ansonia, CT 06401
      View Details
    • $650,000
      2,968 SF

      Renovated Three-Family Property

      Well-maintained three-family with updated units and desirable amenities.
      18 Columbia Street, Ansonia, CT 06401
      View Details
    • $619,900
      3,060 SF

      Turn-Key Three-Family Home

      Meticulously maintained 3-family home with excellent tenants in Ansonia.
      110 Beaver Street, Ansonia, CT 06401
      View Details
    • $430,000
      1,760 SF

      Well-Maintained Multifamily Investment Opportunity

      Ansonia multifamily property with strong income potential and recent updates.
      19 Jackson Street, Ansonia, CT 06401
      View Details
    • $1,100,000
      6,588 SF

      Remodeled Club, Restaurant, and Bar

      Extensively remodeled club, restaurant, and bar with full kitchen.
      370 E Main Street, Ansonia, CT 06401
      View Details
    • $600,000
      2,800 SF

      Turnkey Three-Family Home

      Pristine, updated three-family home in a quiet, desirable location.
      51 Locke St, Ansonia, CT 06401
      View Details
    • $600,000
      2,812 SF

      Turnkey Three-Family Home

      Pristine, updated three-family home in a quiet neighborhood.
      51 Locke Street, Ansonia, CT 06401
      View Details
    • $1,100,000
      6,588 SF

      Remodeled Club, Restaurant, and Bar

      Extensively remodeled club, restaurant, and bar with full kitchen.
      370 E Main Street, Ansonia, CT 06401
      View Details
    • $585,000
      2,940 SF

      Updated Multifamily Property For Sale

      Well-maintained, updated two-unit property with ample living space.
      19-21 Ells Street, Ansonia, CT 06401
      View Details
    • $569,000

      Updated Multifamily Home with Amenities

      Light-filled, updated multifamily home near downtown with modern amenities.
      61 Garden St, Ansonia, CT 06401
      View Details
    • $650,000

      Renovated Three-Family Near Griffin Hospital

      Well-maintained three-family with updated units and desirable amenities.
      18 Columbia St, Ansonia, CT 06401
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Well-maintained 8-unit mixed-use property with commercial and residential units.
    Where is this mixed-use property located?
    The property is located at 232 Main St Ansonia, CT.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: Mixed‑use property with 1 commercial storefront and 7 residential units (five 2‑bedroom, two 1‑bedroom) offers diverse income streams.; Recent upgrades include a new roof, HVAC system, windows, and water heaters, minimizing near‑term maintenance costs.; Strong potential for increased rental income through light updates and lease adjustments to market rates.
    (203) 816-7926
    We can help!
    Listing Contact
    Zachary T. Pinto
    Real Estate License ID: RES.0827718
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    232 Main St, Ansonia, CT 06401
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!