Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    51 Locke Street Ansonia, CT 6401

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $600,000

    Pristine, updated three-family home in a quiet neighborhood.

    Type:3 Family
    Property size:
    2,812 SF
    Price / SF:
    $213/SF
    Added:
    Apr 6, 2026
    Days on Market:
    17
    Last Refresh:
    Apr 20 at 7:27 pm

    Property Features for 51 Locke Street

    General Information

    Standard status
    Active
    Size
    2,812 SF
    Property subtype
    3 Family

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    Sebastian Barneby

    Listing agent Sebastian Barneby

    Listing office Anchor Point

    Listing date Apr 6, 2026

    Source Lockandkeyre

    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 Anchor Point

    Overview

    Turnkey Three-Family Home

    This 2,800 sq. ft. three-family home is located in a quiet neighborhood. The property features two three-bedroom apartments and one two-bedroom apartment, offering versatile living arrangements. Each unit includes generous layouts, ample natural light, and updated finishes. The building has undergone extensive upgrades, including new mechanicals, a recently installed roof, energy-efficient windows, and modern electrical panels. New exterior staircases enhance safety and curb appeal. A newly paved driveway and parking lot, along with a two-car detached garage, provide off-street parking. This home is suitable for owner-occupants seeking supplemental income or investors looking for a reliable rental property. The property offers modern updates and solid construction.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Ansonia
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.0739436
    Latitude
    41.3518782

    Nearby Similar for Sale

    • $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
    • $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
    • $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
    • $569,000
      3,256 SF

      Updated Multifamily Home in Ansonia

      Light-filled, updated multifamily home near downtown Ansonia.
      61 Garden 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
    • $75,000

      Ansonia Restaurant Business For Sale

      Fully equipped restaurant with seating and take-out potential.
      143 N Main Street, Ansonia, CT 06401
      View Details
    • $289,999
      3,864 SF

      Two-Family Home in Ansonia, CT

      Two-family home built in 1987, great investment opportunity.
      25 Elizabeth 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
    • $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

    FAQs

    What type of property is this?
    Triplex - Pristine, updated three-family home in a quiet neighborhood.
    Where is this triplex located?
    The property is located at 51 Locke Street Ansonia, CT.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: Turnkey 3‑family home featuring two 3‑bedroom and one 2‑bedroom apartments.; Recently updated with **new roof, energy‑efficient windows, and modern electrical panels**.; All new mechanicals throughout the building.
    (203) 751-0243
    We can help!
    Listing Contact
    Sebastian Barneby
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!