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For sale
  • Price cut: $16K (5/21)
    $399,000

    235 Hanover Street, Meriden, CT 06451

    --beds
    2,528sqft
    : 
    Multi Family
    Built in 1890
    -- sqft lot
    $398,200 Zestimate®
    $158/sqft
    $-- HOA

    What's special

    Commercial retail spacesElectric baseboard heatingSpacious residential studio apartmentsOn-street parkingAmple parking optionsSeparate electric meter
    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 well as on-street parking.
    127 days
    on Zillow
    |
    508
    |
    31
    |

    Zillow last checked: 7 hours ago

    Listing updated: July 27, 2025 at 12:01am

    Listed by:

    Joe Scarpellino,

    Coldwell Banker Realty

    Source: Smart MLS,MLS#: 24085159MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 235 Hanover Street.

    Next available tour time:Today at 12:30pm

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 5
    • Full bathrooms: 3
    • 1/2 bathrooms: 2
    Heating
    • Forced Air, Electric
    Cooling
    • None
    Appliances
    • Included: Electric Water Heater, Water Heater
    • Laundry: None
    Features
    • Basement: None
    • Attic: None
    • Has fireplace: No
    Interior area
    • Total structure area: 2,528
    • Total interior livable area: 2,528 sqft
    • Finished area above ground: 2,528

    Property

    Parking
    • Total spaces: 4
    • Parking features: None, On Street, Off Street, Driveway, Private
    • Has uncovered spaces: Yes
    Features
    • Exterior features: Sidewalk
    • Has view: Yes
    • View description: City
    Lot
    • Size: 3,920.4 Square Feet
    • Features: Corner Lot
    Details
    • Parcel number: 1176233
    • Zoning: C-4

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Units on different Floors
    • Property subtype: Multi Family
    Materials
    • Aluminum Siding
    • Foundation: Concrete Perimeter
    • Roof: Asphalt
    Condition
    • New construction: No
    • Year built: 1890

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Basketball Court, Near Public Transport, Library, Medical Facilities, Park
    HOA
    • Has HOA: No
    Location
    • Region: Meriden

    Financial & listing details

    • Price per square foot: $158/sqft
    • Tax assessed value: $143,150
    • Annual tax amount: $5,427
    • Date on market: 4/2/2025
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