Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    223 Broad St Meriden, CT 06450

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $450,000

    Nine-unit property with income potential near amenities and transportation.

    Lot size:
    0.27 Acres

    Property Features for 223 Broad St

    General Information

    Lot size
    0.27 Acres

    Building Details

    Year built
    1788

    Source: Coldwell Banker Realty Agent Airen Miller

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Meriden Multifamily Investment Opportunity

    The property at 223 Broad Street in Meriden, CT, presents an investment opportunity with 9 units or rooms, three shared kitchens, and three bathrooms. It has potential for 2+ multi-family use, pending zoning approval. The property is being sold AS-IS. A large two-car garage with workrooms is included, along with ample parking for tenants. A new sewer pipe installation to the street is planned for 2025. The location offers proximity to the local mall, easy access to highways, and public transportation.
    Insight Report Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Meriden
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.7979556
    Latitude
    41.5272693

    Nearby Similar for Sale

    • $6,499,999
      4,200 SF

      Updated Investment Portfolio in Connecticut

      Well-maintained investment portfolio spanning 12 Connecticut towns, offered as a package.
      515 Liberty St, Meriden, CT 06450
      View Details
    • $540,000
      5,410 SF

      Mixed-Use Building Near Train Station

      Versatile mixed-use property with industrial, retail, office, and residential spaces.
      109 Hanover St, Meriden, CT 06451
      View Details
    • $514,900
      2,174 SF

      East Side Duplex with Garage

      Duplex with three-bedroom units and a detached two-car garage.
      43 North Pearl St, Meriden, CT 06450
      View Details
    • $380,000
      3,561 SF

      Three-Unit Property in Meriden, CT

      Three-unit residential property in Meriden, Connecticut, ideal for investment.
      201 Colony St, Meriden, CT 06451
      View Details
    • $575,000
      3,247 SF

      Meriden Multifamily Investment Opportunity

      Five-unit residential building in Meriden, part of larger portfolio.
      51 Griswold St, Meriden, CT 06450
      View Details
    • $425,000
      2,556 SF

      Meriden Two-Family Home with Garage

      Two-family home with garage and yard, to be renovated.
      235 Grove St, Meriden, CT 06451
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Nine-unit property with income potential near amenities and transportation.
    Where is this multifamily property located?
    The property is located at 223 Broad St Meriden, CT.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Investment opportunity with 9 units/rooms, offering potential for steady rental income.; - Ideal location with proximity to the local mall, easy access to highways, and public transportation.; - Large 2-car garage with workrooms and ample parking for all tenants.
    (646) 455-7051
    Request Owner's contact information
    223 Broad St Meriden, CT 06450
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    223 Broad St
    Meriden, CT 06450
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    223 Broad St Meriden, CT 06450
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.