235 Hanover Street, Meriden, CT 06451

Local realty services provided by:Better Homes and Gardens Real Estate Gaetano Marra Homes
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235 Hanover Street,Meriden, CT 06451
$399,000
  • - Beds
  • 5 Baths
  • 2,528 sq. ft.
  • Multi-family
  • Active
Listed by:joe scarpellino
Office:coldwell banker realty
MLS#:24085159
Source:CT

Price summary

  • Price:$399,000
  • Price per sq. ft.:$157.83

About this home

Attention Investors: Fully Occupied Mixed Use Property! We are seeking investors for a Value-Added Mixed-Use property currently generating an impressive 11.1 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

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Home facts

  • Year built:1890
  • Listing Id #:24085159
  • Added:430 day(s) ago
  • Updated:July 27, 2025 at 11:24 AM

Rooms and interior

  • Total bathrooms:5
  • Full bathrooms:3
  • Half bathrooms:2
  • Living area:2,528 sq. ft.

Heating and cooling

  • Heating:Hot Air

Structure and exterior

  • Roof:Asphalt Shingle
  • Year built:1890
  • Building area:2,528 sq. ft.
  • Lot area:0.09 Acres

Schools

  • High school:Per Board of Ed
  • Middle school:Per Board of Ed
  • Elementary school:Per Board of Ed

Utilities

  • Water:Public Water Connected

Finances and disclosures

  • Price:$399,000
  • Price per sq. ft.:$157.83
  • Tax amount:$5,427 (July 2025-June 2026)
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