Sold
Last Sold Price
2,528 sqft$150/sqft
235 Hanover St, Meriden, CT 06451
Non-ResidentialProperty Type
1890Year Built
$150/sq ftPrice per sq ft
4 carsParking Spaces

Description

Attention 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...Attention 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.
Listing closed: 11/05/2025 12:00 AM • Source: SMARTMLS, MLS#: 24083340

Recent comparable sales

Median sold price

$320,000

Avg days on market

112

Sale-to-list ratio

95.6%

Meriden, CT

9 comparable properties found

a view of a house with a yard and garage
1

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Unavailable
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Square Feet
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Sold 07/10/26

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$215,000 | 181 Hanover Street, Meriden, CT 06451
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Sold 03/17/25

Unavailable
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Sold 03/21/25

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$350,000 | 24 4th Street, Meriden, CT 06451
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Sold 09/13/24

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Square Feet
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Acres
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Sold 05/21/26

Unavailable
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Square Feet
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Acres
$320,000 | 74 Columbus Avenue, Meriden, CT 06451
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Sold 05/29/25

4
Bedrooms
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Square Feet
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Acres

Location

Sold By ASJ Realty Partners, Alan D Stewart Jr

Add your commute

Payment Calculator

$2,384 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,931

Property Taxes

$452

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 235 Hanover Street

Property Details
  • Taxes: $5,427 / year
  • Lot Size: 0.09 AC / 3,920 SF
  • Location: Downtown, Urban
  • Garage Parking Info: Driveway
Building Information
  • Stories: 2
  • Residences: 5
  • Year Built: 1890
  • Lot Size: 0.09 AC / 3,920 SF
Summary
Property and Location
  • Directions: GPS
  • Flood Zone: No
  • Latitude: 41.535156
  • Longitude: -72.810329
  • State: Connecticut
Parking
  • Parking Spaces Uncovered: 4
  • Parking Total Spaces: 4
HOA and Fees
  • Home Owner's Assocation: No
  • Sewer Usage Fee Annual: $884
  • Tax Year: July 2025-June 2026
  • Property Tax: $5,427
Interior and Exterior Features
Exterior Features
  • Exterior Features: Sidewalk
  • Number of Docks: 0
  • Number of Overhead Doors: 0
Interior Features
  • Cooling System: None
  • Heat Type: Hot Air
  • Rooms Total: 0
Property
Property and Assessments
  • ADA Compliant: No
  • Additional Space Available: No
  • Construction Description: Frame
  • Foundation Type: Concrete, Slab
  • Road Frontage Description: Municipal Street, Paved Road
  • Roof: Asphalt Shingle
  • Sq Ft Source: Public Records
  • SubdividableU: No
  • Year Built: 1890
  • Bank Owned Property: No
  • Living Area SQFT Per Public Records: 2528
Lot Information
  • Documents Available: None
  • Lot Description: Corner Lot, Dry, Cleared
  • Parcel Number: 1176233
  • Sq Ft Total: 2528.0
  • Zoning: C-4
Utilities
  • Heat Fuel Type: Electric
  • Sewage System: Public Sewer Connected
  • Utilities Available: Electric, Telephone, Cable Available
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Occupied By: Tenant
  • Total Number of Units: 5
Building Details
  • Number of Restrooms: 5
  • Number of Stories: 2
  • Number of Tenants: 3
Unit 1
  • Unit Average Sq Ft: 425
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Modified Date: 05-29-2025
  • Unit Monthly Rent: $900
  • Unit Number Of: 3
  • Unit Num Vacant: 1
  • Unit Type: Efficiency
Unit 2
  • Unit Average Sq Ft: 425
  • Unit Entry Order: 2
  • Unit Modified Date: 05-29-2025
  • Unit Monthly Rent: $1,100
  • Unit Number Of: 3
  • Unit Num Vacant: 1
  • Unit Type: Efficiency
Unit 3
  • Unit Average Sq Ft: 425
  • Unit Entry Order: 3
  • Unit Half Baths: 1
  • Unit Modified Date: 05-29-2025
  • Unit Monthly Rent: $900
  • Unit Number Of: 2
  • Unit Num Vacant: 1
  • Unit Type: Retail

Property History for 235 Hanover Street

DateEvent & SourcePriceAppreciation
Nov 5, 2025

Closed (Public Record)

Public Record #1921523829

$380,000
Nov 5, 2025

Closed (Public Record)

Public Record #1921523829

$380,000

+4.5% / yr

Sep 20, 2004

Closed (Public Record)

Public Record #153629428

$149,000
DateEvent & SourcePrice
11/05/2025

Closed (Public Record)

Public Record #1921523829

$380,000
11/05/2025

Closed (Public Record)

Public Record #1921523829

$380,000

+4.5% / yr

09/20/2004

Closed (Public Record)

Public Record #153629428

$149,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 235 Hanover Street

Taxable ValueLand$64,960Additions$78,190Total$143,150
Tax Record2024$5,427 ($452 / month)
Home Facts
Baths3Total Finished SqFt2,528 SqFtAbove Grade Finished SqFt2,528 SqFtUnfinished Basement SqFt1,252 SqFtStories1Lot Size3,751 SqFtStyleMiscellaneous CommercialYear Built1890Year Renovated1970ZoningC-4CountySOUTH CENTRAL CONNECTICUAPNMERI M:604 B:164 L:28

Schools near 235 Hanover Street

This home is within Meriden School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
Casimir Pulaski School
PublicPK to 5

Lincoln Middle School
Public6 to 8

Orville H. Platt High School
Public9 to 12

Stars-Meriden School District
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 235 Hanover Street, Meriden, CT 06451
$380,000
2,528
$227,000
7
2,974
6,534
$127,000
3
2,730
3,049
$207,500
2
2,177
5,227
$240,000
2
1,254
1,742
$49,000
1,256
1,742

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services: Darien MLS, Smart MLS and Greenwich Multiple Listing Service. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Darien MLS, Smart MLS and Greenwich Multiple Listing Service is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.