#24093670, David Tobin, Listing Office: William Raveis Real Estate

235 Hanover St Meriden, CT 06451
Property details
About 235 Hanover St
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.
Highlights
Summary
- Partial Bathrooms: 2
- Full Bathrooms: 3
- Basement: No
- Attached Garage: No
- Private Pool: No
- Parking: None, On Street Parking, Off Street Parking, Driveway
- View: City
- Exterior: Sidewalk
- Heating: Forced Air
- Cooling: None
- List Price: $399,000
- Price/SqFt: $157
- Annual Tax Amount: $5,513
- Tax Year: 2024
- Lot: Corner Lot, City Lot
- Directions: GPS
- Year Built: 1890
- Living Area: 2,528 SqFt
- Lot Size: 0.09 Acres
- MLS Number: 24085159
- Office Name: Coldwell Banker Realty
- Office Phone: (203) 481-4571
- Office Email: joe.scarpellino@cbmoves.com
- Listing Agent: Joe Scarpellino
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Last updated on: 5/29/2025, 8:20:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$399,000
235 Hanover St
$4,738
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
Date | Event | Price |
---|---|---|
Sep 20, 2004 | Home Sold | $149,000 |
Mar 05, 1998 | Home Sold | $47,000 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2024 | $143,150 | $5,513 |
2023 | $143,150 | $5,314 |
2022 | $143,150 | $5,013 |
2021 | $114,870 | $5,000 |
2020 | $114,870 | $4,987 |
2018 | $114,870 | $4,964 |
2017 | $114,870 | $4,831 |
History based on county public records data.
Nearby schools
7
Benjamin Franklin School
Public District PK-5
0.5 mi
•426 W Main St
7
John Barry School
Public District PK-5
0.8 mi
•124 Columbia St
6
Casimir Pulaski School
Public District KG-5
0.8 mi
•100 Clearview Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $57,643. Residents of Meriden, CT typically earn between $35k-100k each year. Most families are single, no kids. The majority of residents in this area have high school diploma education.
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Frequently asked questions
About 235 Hanover St
The listing price of 235 Hanover St property is $399,000.
The property 235 Hanover St is a house located in Meriden, Connecticut, 06451.
Active Listing: 235 Hanover St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 235 Hanover St are: Benjamin Franklin School (GreatSchools Rating 7/10), John Barry School (GreatSchools Rating 7/10), Casimir Pulaski School (GreatSchools Rating 6/10), Lincoln Middle School (GreatSchools Rating 4/10), Washington Middle School (GreatSchools Rating 4/10), Thomas Edison Magnet Middle School (GreatSchools Rating 4/10), Orville H. Platt High School (GreatSchools Rating 3/10), H. C. Wilcox Technical High School (GreatSchools Rating 5/10), Francis T. Maloney High School (GreatSchools Rating 3/10).
According to the records, the last property tax for 2024 is $5,513 (source: MLS/based on county public records data).
The last sale was on September 20, 2004 for $149,000 (source: MLS/tax record).
The property at 235 Hanover St has 0 bedroom and 3 full and 2 half bathrooms.
The property 235 Hanover St is 2,528 SqFt (source: MLS/tax record).
The year of construction for 235 Hanover St is 1890.
This home is located at 235 Hanover St in Meriden, CT and zip code 06451. This 2,528 square foot home, which was built in 1890, sits on a 0.09 acre lot. Features: 0 bedroom, 5 bathrooms. It has been listed on Rocket Homes since April 2, 2025 and is currently priced at $399,000.
Meriden, CT housing market in April 2025 saw over 29 listings sold above listed price, more than 8 sold at listed price and over 13 sold below. The inventory of homes for sale in Meriden, CT between March and April 2025 increased by 4.1%.