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.
Location, location, location! Updated 2 Family located in Meriden's Downtown District! The first floor of this building is broken into two one bedroom units and another upstairs rental that has three bedrooms. All long term tenants. Replacement windows, clean bathrooms, vinyl siding, and much more. Tons of off-street parking and a nice deck that leads to the private backyard. This property won't last long so make your appointment ASAP! This property MUST be purchased with the 246 West main, next door. (MLS 170378331) 10.8% Cap Rate!
Smart MLS #170105499
Feb 1, 2019
Listing Removed
—
Jul 3, 2018
Listed
$200,000
$114/sq ft
Smart MLS #N347930
Apr 13, 2015
Listing Removed
—
Apr 14, 2014
Listed
$175,000
$100/sq ft
Smart MLS #G646595
Jul 27, 2013
Listing Removed
—
Apr 1, 2013
Listed
$799,900
$458/sq ft
Smart MLS #G632910
Mar 17, 2013
Listing Removed
—
Sep 17, 2012
Listed
$189,000
$108/sq ft
Smart MLS #W1042696
Mar 6, 2008
Listing Removed
—
Oct 6, 2007
Listed
$899,000
$514/sq ft
Public Records
Dec 4, 2006
Sold
$169,900
$97/sq ft
Smart MLS #N249146
Jul 14, 2006
Listed
$169,900
$97/sq ft
Public Records
Aug 2, 2000
Sold
$90,000
$51/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$3,970 (+6.0%)
$38,570 + $68,390
$106,960
2022
$3,746 (+17.0%)
$38,570 + $68,390
$106,960
2021
$3,203 (+0.3%)
$33,040 + $40,530
$73,570
2020
$3,194 (+0.9%)
$33,040 + $40,530
$73,570
2019
$3,166 (−0.4%)
$33,040 + $40,530
$73,570
2018
$3,179 (+2.7%)
$33,040 + $40,530
$73,570
2017
$3,094 (−10.1%)
$33,040 + $40,530
$73,570
2016
$3,440
$35,280 + $51,380
$86,660
Tax history for 242 W Main St
Year
Property tax
Land + Additions
Assessment*
2023
$3,970 (+6.0%)
$38,570 + $68,390
$106,960
2022
$3,746 (+17.0%)
$38,570 + $68,390
$106,960
2021
$3,203 (+0.3%)
$33,040 + $40,530
$73,570
2020
$3,194 (+0.9%)
$33,040 + $40,530
$73,570
2019
$3,166 (−0.4%)
$33,040 + $40,530
$73,570
2018
$3,179 (+2.7%)
$33,040 + $40,530
$73,570
2017
$3,094 (−10.1%)
$33,040 + $40,530
$73,570
2016
$3,440
$35,280 + $51,380
$86,660
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
2
Baths
2
Stories
2
Lot width
—
Lot depth
—
Lot size
9,148 Sq. Ft.
Year renovated
—
Sq. Ft.
1,748
Year built
1890
Style
Multi-Family (2-4 Unit)
County
New Haven County
APN
1168869
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 13, 2023.
C-1
Central Commercial District
The purpose of this district shall be to provide for and encourage a variety of retail businesses, business and professional offices, service businesses, entertainment and cultural establishments and limited light industry and related activities, such as parking and pedestrian spaces, all designed to serve the City and the region and to encourage the concentration of retail and service uses to achieve continuity of frontage devoted to such purposes which will strengthen and complement one another; further, it is a purpose of this district to protect the major public investment made and to be made toward revitalization of the central business area, a vital part of the City's tax base, by conserving the value of land and buildings.
Permitted uses
Include but are not limited to:
Automotive sales
Bank
Laundromat
General retail
Restaurant
Housing-Multiple units
Hotel / motel
Office
Library
Museum / gallery
Property details
Interior
Interior Information
Total Rooms: 8
Bathroom Information
# of Baths (Full): 2
Bedroom Information
Beds Total: 4
Room Information
Basement Description: None
Multi-Unit Information
Total Rooms Multi Family: 8
Total Number of Units: 2
Exterior
Exterior Features
Exterior Siding: Vinyl Siding
Building Information
Foundation Type: Brick
Construction Description: Brick
Property Information
Property Type: Multi-Family For Sale
Property Sub Type: 2 Family
Living Area SQFT Per Public Record: 1748
Financial
Assessments Information
Assessed Value: $106,960
Utilities
Utility Information
Water Source: Public Water Connected
Sewage System: Public Sewer Connected
Hot Water Description: No Hot Water
Heat Type: Hot Air
Heat Fuel Type: No Fuel
Location
School Information
High School: Orville H. Platt
Elementary School: John Barry
Location Information
State: Connecticut
Directions: Head south on I-91, take Exit 18 to I-691 west, then take Exit 6, turn right onto Lewis Ave, then left on W Main St.
County: New Haven
Public facts
Beds: 2
Baths: 2.0
Sq. Ft.: 1,748
Stories: 2.0
Lot Size: 9,148 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1890
Year Renovated: —
County: New Haven County
APN: 1168869
Home facts updated by county records on Jul 13, 2023
Other
Documents & Disclosures
Supplement Count Public: 1
Around this home
Schools
John Barry School
Public PreK-5 • Assigned • 0.5mi
7/10
Lincoln Middle School
Public 6-8 • Assigned • 0.7mi
6/10
Orville H. Platt High School
Public 9-12 • Assigned • 0.8mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 99° expected this year, 17 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
4/10 Air Factor
3 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Meriden, CT • 06451
Average low and high temperatures (°F)
32
19
35
20
51
32
60
41
68
50
80
60
84
65
80
59
76
55
62
45
52
36
38
23
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9 hours in
June and 4.4 hours in December, placing it below the
U.S. average for solar exposure.
9 hrs
4.4 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$749,000 – $907,000
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