NOT LISTED FOR SALE

19 Spring St Middletown, CT 06457

-- Bed
-- Bath
6,351 Sq Ft
4,356 Sq Ft Lot

Last Sold June 08, 2023

Last sale price $500,000 $79 Per Sq Ft

66 Days on Market

About This Home

As of June 2023

19 Spring Street is a fully occupied multi-family investment property located in Middletown, Connecticut. This six-family apartment building is comprised of six one-bedroom units over three floors. Tenant rents are currently well below market and due for an increase. Four of the six tenants have lived at the property for a minimum of six years. The sellers reside locally and have taken good care of the property. The building is located on the edge of Middletown's award-winning downtown with a grocery store, fitness center, public library and so much more, all within a few blocks. Financials available upon request. There is a possible development opportunity with the neighboring commercial property at 7 Spring St also being for sale by different owners MLS# 170543968

Last Agent to Sell the Property

Brendan Kelly

Harding Commercial Real Estate License #REB.0795159 Listed on: 03/08/2023

Last Buyer's Agent

Brendan Kelly

Harding Commercial Real Estate License #REB.0795159 Listed on: 03/08/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,349

Year Built

  • Built in 1925

Lot Details

  • 4,356 Sq Ft Lot

Parking

  • Paved Parking

Home Design

  • Concrete Foundation
  • Masonry Siding
  • Masonry

Interior Spaces

  • 6,351 Sq Ft Home
  • City Views

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Gas
  • Gas Available at Street

Community Details

  • No Home Owners Association
  • 6 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,349

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Sq Ft Est Heated Above Grade: 6351
  • Public Record Living Room Sq Ft: 6351
  • Total Sq Ft: 6351
  • Year Built: 1925
  • Property Sub Type: 5 Family+
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 8632
  • Directions: GPS friendly
  • Special Features: None

Interior Features

  • Basement Description: Full With Walk-Out
  • Attic: No

Exterior Features

  • Exterior Siding: Brick
  • Foundation Type: Concrete
  • Swimming Pool: No
  • Construction Description: Masonry

Garage/Parking

  • Garage Parking Info: Paved

Utilities

  • Heat Type: Gas on Gas
  • Heat Fuel Type: Gas In Street
  • Hot Water Description: Natural Gas
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Acres: 0.1000
  • Lot Description: City Views
  • Zoning: B-1

Tax Info

  • Tax Year: July 2022-June 2023
  • Property Tax: 8349
  • Mil Rate Base: 35.700
  • Mil Rate Tax District: 8.300
  • Assessor Parcel Number: 1015075

Multi Family

  • Total Num Of Units: 6

MLS Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property History

Date Event Price List to Sale Price per Sq Ft
06/08/2023 06/08/23 Sold $500,000 -13.0% $79 / Sq Ft
05/13/2023 05/13/23 Pending -- -- --
03/20/2023 03/20/23 For Sale $575,000 +15.0% $91 / Sq Ft
03/12/2023 03/12/23 Off Market $500,000 -- --
03/08/2023 03/08/23 For Sale $575,000 -- $91 / Sq Ft
Source: SmartMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,348 $240,320 $20,130 $220,190
2024 $8,844 $240,320 $20,130 $220,190
2023 $8,435 $240,320 $20,130 $220,190
2022 $8,349 $189,760 $17,500 $172,260
2021 $8,349 $189,760 $17,500 $172,260
2020 $8,434 $190,810 $17,500 $173,310
2019 $8,472 $190,810 $17,500 $173,310
2018 $8,338 $190,810 $17,500 $173,310
2017 $8,824 $208,120 $17,500 $190,620
2016 $8,575 $208,120 $17,500 $190,620
2015 $8,242 $208,120 $17,500 $190,620
2014 $8,325 $208,120 $17,500 $190,620
Source: Public Records

Agents Affiliated with this Home

  • Brendan Kelly

    Seller's Agent in 2023

    Brendan Kelly

    Harding Commercial Real Estate

    (860) 463-3326

    11 Total Sales

    Brendan Kelly
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Map

Source: SmartMLS

MLS Number: 170554744

SmartMLS
Connecticut Middlesex County Middletown 06457

19 Spring St, Middletown, CT

Not Listed for Sale

MultiFamily

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