242 W Main St Meriden, CT 06451
Estimated payment $10,421/month
About This Home
This exceptional income producing investment is comprised of 2 buildings next to each other. Over $700,000 has been invested into the property since 2017. New roofs on both buildings in 2024. The building is comprised of 1, 2, 3 and 4 bed units. Large parking lot. The first floor of main building is 2 retail stores.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,055
Year Built
- Built in 1890
Home Design
- 1,748 Sq Ft Home
- Brick Exterior Construction
- Brick Foundation
- Vinyl Siding
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Schools
- John Barry Elementary School
- Orville H. Platt High School
Additional Features
- 9,148 Sq Ft Lot
- No Hot Water
Community Details
- 2 Units
Listing and Financial Details
- Assessor Parcel Number 1168869
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2024 | $4,119 | $106,960 | $38,570 | $68,390 |
| 2023 | $3,970 | $106,960 | $38,570 | $68,390 |
| 2022 | $3,746 | $106,960 | $38,570 | $68,390 |
| 2021 | $3,203 | $73,570 | $33,040 | $40,530 |
| 2020 | $3,194 | $73,570 | $33,040 | $40,530 |
| 2019 | $3,166 | $73,570 | $33,040 | $40,530 |
| 2018 | $3,179 | $73,570 | $33,040 | $40,530 |
| 2017 | $3,094 | $73,570 | $33,040 | $40,530 |
| 2016 | $3,360 | $86,660 | $35,280 | $51,380 |
| 2015 | $3,360 | $86,660 | $35,280 | $51,380 |
| 2014 | $3,278 | $86,660 | $35,280 | $51,380 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/01/2025 08/01/25 | Price Changed | $1,900,000 | -9.5% | $1,087 / Sq Ft | |
| 07/28/2025 07/28/25 | Price Changed | $2,100,000 | -15.2% | $1,201 / Sq Ft | |
| 06/03/2025 06/03/25 | Price Changed | $2,475,000 | -8.3% | $1,416 / Sq Ft | |
| 05/28/2025 05/28/25 | For Sale | $2,700,000 | +1700.0% | $1,545 / Sq Ft | |
| 09/01/2021 09/01/21 | Sold | $150,000 | -14.2% | $86 / Sq Ft | View Prior Sale |
| 04/22/2021 04/22/21 | Pending | -- | -- | -- | |
| 03/12/2021 03/12/21 | For Sale | $174,900 | -- | $100 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $150,000 | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $169,900 | -- | |
| Warranty Deed | $90,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $127,400 | Commercial | |
| Previous Owner | $25,510 | No Value Available | |
| Previous Owner | $96,200 | No Value Available | |
| Previous Owner | $80,000 | No Value Available |
Source: SmartMLS
MLS Number: 24099320
APN: MERI-000603-000163-000004
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.
- 56 N First St
- 0 Pine St
- 9 Hickory St
- 44 4th St
- 70 Maple St
- 85 Goodwill Ave
- 14 North St
- 50 S 2nd St
- 235 Hanover St
- 49 Prospect St
- 33 W Main St Unit 11
- 33 W Main St Unit 4
- 33 W Main St Unit 1
- 2 Springdale Ave
- 127 Winthrop Terrace
- 60 Capitol Ave
- 18 Madison Ave
- 50 Bartlett St
- 18 Lockwood Street Extension
- 16 Park Place
- 35 Linsley Ave Unit 1
- 76 N First St
- 32 Cook Ave Unit D23
- 32 Cook Ave Unit 104
- 32 Cook Ave Unit D28
- 32 Cook Ave Unit 110
- 32 Cook Ave Unit B8
- 81 W Main St Unit 13
- 81 W Main St Unit 8
- 281 Hanover St Unit 4
- 81 Springdale Ave Unit 3
- 81 Springdale Ave Unit 2
- 65 Springdale Ave
- 80 Hanover St
- 136 S Colony St Unit 2
- 61 Colony St Unit 2B
- 8-48 Nutmeg Dr
- 38 Centennial Ave
- 135 Willow St
- 161 Reservoir Ave Unit 2