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    30 Wall Street Coventry, CT 06238

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    For Sale
    $375,000

    MULTI_FAMILY - Coventry, CT

    Property size:
    1,936 SF
    Lot size:
    0.34 Acres
    Price / SF:
    $193/SF
    Added:
    May 5, 2026
    Days on Market:
    4
    Last Refresh:
    May 8 at 5:06 pm

    Property Features for 30 Wall Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    VR
    Bedrooms
    5
    Bathrooms
    2
    Rooms
    Bedroom 3, Bathroom 1, Bedroom 5, Basement, Bedroom 1, Bedroom 4, Bedroom 2, Bathroom 2
    Basement
    Partial
    Standard status
    Active
    Size
    1,936 SF
    Lot size
    0.34 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    4947

    Utilities

    Water source
    Private

    Building Details

    Year built
    1840
    Architectural style
    Other

    We can help!

    Listing Contact
    Mary Mercer

    Listing agent Mary Mercer

    Listing office Better Homes and Gardens Real Estate Executive Real Estate 17 School St, Glastonbury, CT

    Listing date May 5, 2026

    MLS# 24172779 Listing URL

    Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Rare multi‑family property in the heart of Coventry Village, ideal for investors or owner‑occupants.
    • Unbeatable location: 8 minutes to UConn and steps from Main Street shops and restaurants.
    • Separate units with stainless steel appliances and in‑unit laundry for turn‑key readiness.
    • Spacious layout with 5 bedrooms and 2 full baths.
    • Generous 0.34‑acre lot suitable for gardening or recreation.
    • Walking distance to Coventry Lake, Patriot's Park, and the Mill Brook Park Trail.

    Overview

    Coventry Multi-Family Investment Opportunity

    Located in the heart of Coventry Village, this multi-family property at 30 Wall Street offers a versatile investment or owner-occupancy opportunity. The property features separate units equipped with stainless steel appliances and in-unit laundry. Its location provides convenient access for tenants, being just 8 minutes from UConn and steps away from the shops and restaurants of Main Street. The property includes 5 bedrooms and 2 full baths. The home features 12 spacious rooms and original character throughout, including hardwood floors and forced-air heating. Situated on a 0.34-acre lot, the property offers space for gardening or recreation. Residents can enjoy nearby natural and historical attractions, including Coventry Lake, Patriot's Park, and the Mill Brook Park Trail, all within walking distance. The property size is 1936 square feet. The zoning is VR. Located in Tolland County, the property is a cornerstone of Coventry living.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center Kitchen & Bath Showroom

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Coventry
    County
    Tolland
    State
    Connecticut
    Longitude
    -72.303863
    Latitude
    41.767579

    FAQs

    What type of property is this?
    Multifamily property - Rare multi-family property near UConn and Coventry's Main Street.
    Where is this multifamily property located?
    The property is located at 30 Wall Street Coventry, CT.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: Rare multi‑family property in the heart of Coventry Village, ideal for investors or owner‑occupants.; Unbeatable location: 8 minutes to UConn and steps from Main Street shops and restaurants.; Separate units with stainless steel appliances and in‑unit laundry for turn‑key readiness.
    (860) 966-0223
    We can help!
    Listing Contact
    Mary Mercer
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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