Ruth Zeiss
Responds Quickly
William Raveis Real Estate
(347) 431-0778
82 Total Sales
1 in Meriden
$360,000 Price
235 Hanover St Meriden, CT 06451
Meriden Area
--
Bed
5
Baths
2,528
Sq Ft
3,920
Sq Ft Lot
About This Home
As of November 2025Attention 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.
Last Agent to Sell the Property
Coldwell Banker Realty Brokerage Phone: (203) 623-4422 License #RES.0803802 Listed on: 04/02/2025
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,427
Year Built
- Built in 1890
Lot Details
- 3,920
Home Design
- 2,528 Sq Ft Home
- Concrete Foundation
- Frame Construction
- Asphalt Shingled Roof
- Aluminum Siding
Parking
- 4 Parking Spaces
- Private Driveway
Additional Features
- 3,920 Sq Ft Lot
- Property is near public transit
- Electric Water Heater
Community Details
- 5 Units
- Gross Income $55,800
Listing and Financial Details
- Assessor Parcel Number 1176233
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Meriden, CT
-
Ruth Zeiss
-
Shane Kropo
Shane Kropo
RE/MAX RISE
(475) 405-3727
94 Total Sales
1 in Meriden
$245,000 Price
-
Chloe White
Chloe White
KW Legacy Partners
(959) 208-4542
213 Total Sales
2 in Meriden
$243K - $450K Price Range
-
Clayton Janer
Clayton Janer
Clayton Property Brokers L.L.C
(475) 267-1426
76 Total Sales
1 in Meriden
$250,000 Price
-
Jeff Coleman
Jeff Coleman
Hagel & Assoc. Real Estate
(860) 560-1020
152 Total Sales
5 in Meriden
$182K - $400K Price Range
-
Cynthia Rabb
Cynthia Rabb
eXp Realty
(959) 335-6380
76 Total Sales
2 in Meriden
$118K - $194K Price Range
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/05/2025 11/05/25 | Sold | $380,000 | -4.8% | $150 / Sq Ft |
| 10/31/2025 10/31/25 | Pending | -- | -- | -- |
| 05/21/2025 05/21/25 | Price Changed | $399,000 | -3.9% | $158 / Sq Ft |
| 04/02/2025 04/02/25 | For Sale | $415,000 | -- | $164 / Sq Ft |
Source: SmartMLS
Agents Affiliated with this Home
-
Joe Scarpellino
Seller's Agent in 2025
Joe Scarpellino
Coldwell Banker Realty
(203) 623-4422
107 Total Sales
-
Alan Stewart Jr.
Buyer's Agent in 2025
Alan Stewart Jr.
ASJ Realty Partners
(203) 275-6084
150 Total Sales
Map
Source: SmartMLS
MLS Number: 24085159
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Nearby Homes
Your Personal Tour Guide
Ask me questions while you tour the home.