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Property profile & analytics
OFF-MARKET
Estimated value
$1,500,000
Apartment buildings
142 Main St Middletown, CT 06457-3744
Entity Owned
2-yr Hold
Property ID
US15-0111185
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,704 SF
Lot
0.21 ac (9,167 SF)
Zoning code
MXC
APN
MTWN M:26 L:0390
UPID
US15-0111185
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.38M
Blend (final)
Blend
$1.50M
Owner & transaction history
Alpha Middletown II LLC · 2 yrs held
Alpha Middletown II LLC
since 2024
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
MXC · Middletown, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
iddletown is hereby divided into the following zones: R-15, R-30, R-45, R-60, R-1 RPZ Residential Pre-zoning M Multi-Family Dwelling Units Zoning Code of the City of Middletown, Connecticut I-5 MXR Mixed Use Residential MXC Mixed Use Commercial MXI Mixed Use Industry PRD Planned Residential Development B-1 Central Business B-2 General Business I-1 Service In…
Zone name
Mixed Use Commercial
General category
MIXED_USE
Zone area
175.98 ac
Source
Zoning Code
Top alternative use upside
Commercial (general)
$1.4M
+4.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Middletown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middletown submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,500,000
ML approach
$1,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,350,000
Current use
COMMERCIAL (GENERAL)
$1,405,000
Change: +4% · Conversion: Moderate
Blend value · Realmo final
$1.50M
Range $1.35M – $1.65M · ±10% · vs last sale $1.50M (Jun 25 2024)
Last sale anchor
$1.50M
Jun 25 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$118 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$34,370
Tax year 2024
Assessed value
$933,980
Assessed 2024
Previous assessed
$933,980
+0.0% YoY
Effective rate
3.68%
On assessed value
Assessed land
$266,000
Assessed improvement
$667,980
Applied tax rate
250.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
3
Units
19
Total area
12,704 SF
Lot
0.21 ac (9,167 SF)
Zoning code
MXC
APN
MTWN M:26 L:0390
UPID
US15-0111185
Jurisdiction
MIDDLETOWN
Zoning & alternative use
MXC · Middletown, CTZoning MXC · permitted uses
MXC · Middletown, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
iddletown is hereby divided into the following zones: R-15, R-30, R-45, R-60, R-1 RPZ Residential Pre-zoning M Multi-Family Dwelling Units Zoning Code of the City of Middletown, Connecticut I-5 MXR Mixed Use Residential MXC Mixed Use Commercial MXI Mixed Use Industry PRD Planned Residential Development B-1 Central Business B-2 General Business I-1 Service Industrial I-2 Restricted Industrial I-3 Special Industrial TD Transitional Developme
Zone name
Mixed Use Commercial
General category
MIXED_USE
Zone area
175.98 ac
Source
Zoning Code
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
Yes
Stories
3
Buildings
1
Units
19
Lot
0.21 ac
Current owner
From public records · entity-resolved
Alpha Middletown II LLC
Entity
Mailing address
142 S MAIN ST, MIDDLETOWN, CT 06457-3744
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2025
—
Alpha Middletown II LLC
—
Deed
related
$1,800,000 · Northwest Community Bank
Jun 25, 2024
$1,500,000
Alpha Middletown II LLC
South Main Aparments LLC
Warranty Deed
$2,203,700 · Genesis Capital LLC
Aug 11, 2016
$1,265,000
South Main Apartments
Amds Management LLC
Warranty Deed
$950,000 · Peoples United Bank
Nov 4, 2010
$1,000,000
Amds Mgmt LLC
Tico Mgmt LLC
Warranty Deed
$750,000 · Sovereign Bank
Sep 5, 2007
$1,150,000
Tico Management LLC
142 S Main LLC
Warranty Deed
—
Aug 11, 2005
—
142 S Main LLC
—
Deed Of Trust
related
$52,500 · Eva Maria Realty LLC
Jun 10, 2005
$950,000
142 S Main LLC
Eva Maria Rlty LLC
Warranty Deed
$760,000 · Independence Community Bank
Jan 16, 2003
$467,000
Eva Maria Realty LLC
Mill Park Assoc
Warranty Deed
$330,000 · Peoples Bank
—
—
Amds Mangement LLC
—
Deed Of Trust
related
$757,500 · Savings Bk/danbury
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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