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    231 School St Manchester, CT 06040

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    For Sale
    $350,000

    Two-family home in quiet neighborhood with expansion potential.

    Lot size:
    0.16 Acres

    Property Features for 231 School St

    General Information

    Lot size
    0.16 Acres

    Building Details

    Year built
    1916

    Source: Berkshire Hathaway NE Prop. Agent Xuemei Xu

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

    Overview

    Two-Family Home with Expansion Potential

    This two-family home presents an opportunity for investors and owner-occupants, situated in a quiet and convenient neighborhood. The property features laundry within the units and ample parking space in the backyard. The first floor includes a new boiler installed in 2022. A newer roof was installed in 2017. The property includes a large kitchen with an eating area. The spacious attic offers potential for expansion. The property is conveniently located close to the town center, restaurants, and shopping areas, with easy access to highways. Rents are below the current market. The property is being sold in as-is condition.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Manchester
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.5095132
    Latitude
    41.7676544

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    FAQs

    What type of property is this?
    Duplex - Two-family home in quiet neighborhood with expansion potential.
    Where is this duplex located?
    The property is located at 231 School St Manchester, CT.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: - Investment/owner-occupant opportunity: two-family home.; - Convenient location: close to town center, restaurants, shopping, and highways.; - Newer roof: installed in 2017.
    (860) 841-4071
    Request Owner's contact information
    231 School St Manchester, CT 06040
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    Manchester, CT 06040
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    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
    231 School St Manchester, CT 06040
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