235 Hanover
Meriden, CT 06451
- – beds
- 5 baths
- 2,528 sqft
- 3,920 sqft lot
- $164 per sqft
- 1890 build
- – on site
Attention Investors: Fully Occupied Mixed Use Property! We are seeking investors for a Value-Added Mixed-Use property currently generating an impressive 10.6 Capitalization Rate (CAP). All tenants are currently on month-to-month leases and are paying below-market rents. The new owner has the potential to significantly enhance the property's CAP to 13 or even higher by implementing market-based rents. The property consists of three spacious residential studio apartments on the upper level and two commercial retail spaces on the ground level. It is strategically situated in Meriden's vibrant downtown area, conveniently located near the new train station, town green, public library, and major highways. Each apartment is equipped with electric baseboard heating, ensuring comfortable living. Each unit has its own separate electric meter, along with a house meter. There are ample parking options, including four parking spaces behind the building for both residential and retail units, as well as on-street parking.
Last checked:
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Last updated Apr 2, 2025
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MLS# 24085159 —
The Building
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Year Built:1890
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Year Built Source:Public Records
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New Construction Type:No/Resale
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Style:Units on different Floors
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Roof Information:Asphalt Shingle
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Attic:No
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Exterior Siding:Aluminum
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Foundation Type:Concrete
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Basement Description:None
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Exterior Features:Sidewalk
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SqFt Total:2528
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SqFt Est Heated Above Grade:2528
Interior
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Laundry Room:None
Room Dimensions
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Living Area SqFt Per Public Record:2528
Location
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Directions:GPS
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Neighborhood:N/A
The Property
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Parcel Number:1176233
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Property Type:Multi-Family For Sale
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Property Subtype:Other
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Zoning:C-4
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Acres:0.09
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Acres Source:Public Records
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Flood Zone:No
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Lot Description:Corner Lot, City Views
Listing Agent
- Contact info:
- Agent phone:
- (203) 481-4571
Taxes
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Tax Year:July 2024-June 2025
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Property Taxes:5513
Baths
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Total Baths:5
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Full Baths:3
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Half Baths:2
The Listing
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Virtual Showing:No
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Home Warranty Offered:No
Heating & Cooling
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Heat Type:Hot Air
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Heat Fuel Type:Electric
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Cooling System:None
Utilities
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Water Source:Public Water Connected
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Sewage System:Public Sewer Connected
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Sewer Usage Fee Annual:1200
Schools
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Elementary School:Per Board of Ed
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Intermediate School:Per Board of Ed
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Middle Or Junior School:Per Board of Ed
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High School:Per Board of Ed
The Community
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Nearby Amenities:Basketball Court, Commuter Bus, Library, Medical Facilities, Park
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Swimming Pool:No
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Direct Waterfront:No
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Waterfront Description:Not Applicable
Parking
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Garage & Parking:None, On Street Parking, Off Street Parking, Driveway
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Parking Total Spaces:4
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/2/25
Apr 2, 2025
|
Listed / Active | SMART_MLS | $415,000 |
