505 New Britain Rd Berlin, CT 06037
Estimated payment $2,956/month
Highlights
- Property is near public transit
- Attic
- Concrete Flooring
- Berlin High School Rated A-
- Public Transportation
- 2-minute walk to Deming Park
About This Home
Rare Mixed-Use Investment Opportunity in Prime Berlin Location! Don't miss this exceptional chance to own a mixed-use investment property in a high-traffic area of Berlin! This versatile building features four units-including one commercial space on the main level, currently leased as a barber shop, and three residential units The property also includes a full walk-out basement, currently used for storage, offering additional potential. Notable Updates/Features-Full Walk-Out Basement (storage or potential additional use), Roof (Asphalt) 2016, Flat Roof 2023, Water Heater 2020, Forced Hot Air 2000, Electrical Service Upgraded 2000 Excellent visibility in a high-traffic area. Close to train station, restaurants, shops, and all major amenities. Quick access to Route 9, Route 72, and the Berlin Turnpike. Whether you're an investor seeking income-generating property or a business owner looking to offset costs with rental income, this property offers incredible potential. The price reflects the cosmetic updates needed-making this a value-add opportunity with strong upside. Cross Listed MLS#24132857
Listing Agent
Berkshire Hathaway NE Prop. Brokerage Phone: (860) 841-5880 License #RES.0804290 Listed on: 10/15/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,163
Year Built
- Built in 1900
Lot Details
- 4,356 Sq Ft Lot
Home Design
- Side-by-Side
- Concrete Foundation
- Stone Foundation
- Frame Construction
- Asphalt Shingled Roof
- Vinyl Siding
Interior Spaces
- 3,487 Sq Ft Home
- Concrete Flooring
- Attic or Crawl Hatchway Insulated
Bedrooms and Bathrooms
- 4 Bedrooms
Partially Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Basement Storage
Location
- Property is near public transit
- Property is near shops
Schools
- Berlin High School
Utilities
- Window Unit Cooling System
- Heating System Uses Natural Gas
Community Details
- 4 Units
- Public Transportation
Listing and Financial Details
- Assessor Parcel Number 450860
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 |
|---|---|---|---|---|
| 2025 | $7,163 | $233,700 | $57,700 | $176,000 |
| 2024 | $7,060 | $233,700 | $57,700 | $176,000 |
| 2023 | $6,908 | $233,700 | $57,700 | $176,000 |
| 2022 | $7,414 | $216,100 | $53,900 | $162,200 |
| 2021 | $7,332 | $216,100 | $53,900 | $162,200 |
| 2020 | $7,332 | $216,100 | $53,900 | $162,200 |
| 2019 | $7,332 | $216,100 | $53,900 | $162,200 |
| 2018 | $7,023 | $216,100 | $53,900 | $162,200 |
| 2017 | $5,124 | $162,100 | $53,900 | $108,200 |
| 2016 | $4,994 | $162,100 | $53,900 | $108,200 |
| 2015 | $4,920 | $162,100 | $53,900 | $108,200 |
| 2014 | $4,688 | $162,100 | $53,900 | $108,200 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/19/2025 11/19/25 | Price Changed | $449,900 | -3.2% | $129 / Sq Ft |
| 11/04/2025 11/04/25 | Price Changed | $464,900 | -3.1% | $133 / Sq Ft |
| 10/15/2025 10/15/25 | For Sale | $479,900 | -- | $138 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $280,000 | None Available | |
| Warranty Deed | $280,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $200,000 | Commercial | |
| Closed | $200,000 | Commercial |
Source: SmartMLS
MLS Number: 24132852
APN: BERL-000091-000048-000012
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