$415,000

235 Hanover St Meriden, CT 06451

$4,928
Closing credit¹
0 beds
3 full, 2 partial
2,528 sqft
0.09 acres
$164 / sqft
House

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 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.

Highlights

Home typeOther
HeatingForced Air
StatusActive
Size2,528 sqft
Lot size0.09 Acres
Year built1890
ParkingNone, On Street Parking, Off Street Parking, Driveway
MLS #24085159
ViewCity

Summary

  • MLS Number: 24085159
  • Office Name: Coldwell Banker Realty
  • Office Phone: (203) 481-4571
  • Office Email: joe.scarpellino@cbmoves.com
  • Listing Agent: Joe Scarpellino

IDXCopyright © 2025 Smart MLS. The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/6/2025, 6:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of front of house with a front yard, fence, and brick siding

$415,000

235 Hanover St

$4,928

closing credit¹

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0.5% sale price²

Price information

Property sales

DateEventPrice
Sep 20, 2004
Home Sold
$149,000
Mar 05, 1998
Home Sold
$47,000

Tax history

YearAssessmentProperty 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.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $57,643. Typical income of Meriden, CT residents is between $35k-100k annually. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.

How much money do the neighbors make?

25%
<35k
61%
35k-100k
12%
100k-200k
2%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

36%
Single, No Kids
27%
Single, with Kids
22%
Married, No Kids
15%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

18%
<11 yrs old
10%
12-17 yrs old
27%
18-34 yrs old
38%
35-64 yrs old
7%
65+ yrs old

What do the neighbors do for fun?

  • SoccerSoccer
  • College BasketballCollege Basketball
  • Pro BoxingPro Boxing

Where do the neighbors shop?

  • Forever 21Forever 21
  • DillardsDillards
  • BurlingtonBurlington

Where do the neighbors go to eat?

  • Dominos PizzaDominos Pizza
  • Logan's RoadhouseLogan's Roadhouse
  • PopeyesPopeyes

What do the neighbors drive?

  • MazdaMazda
  • HyundaiHyundai
  • DodgeDodge

What do the neighbors listen to?

  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • RockRock
  • Urban ContemporaryUrban Contemporary
All data provided by Home Junction and Claritas

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Frequently asked questions

About 235 Hanover St

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 $415,000.

While more than 19 listings in Meriden, CT in March 2025 were sold above asking price, there were more than 3 listings sold at asking price, and more than 8 were sold below. In March 2025 in Meriden, CT there were 3.9% more homes for sale than in February.

From Rocket Homes Real Estate and based on county public records data.

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