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Property profile & analytics
OFF-MARKET Estimated value $520,000
Investment properties

184 High St Middletown, CT 06457-3267

7,066 SF 0.2 ac lot Built 1924
Entity Owned 4-yr Hold Free & Clear
Property ID
US15-0977926
Property summary
AI-generated overview

This exceptional 10,878 square foot rooming house presents a unique investment opportunity within the heart of Wesleyan University's campus in Middletown, Connecticut. Situated on a 0.2-acre lot at 184 High Street, this property enjoys a highly desirable location directly across from the site of Wesleyan's new $255 million science building. Currently configured as a 19-room rooming house, the property offers significant potential for redevelopment and increased rental income. The entire 10,878 square feet is currently vacant, providing a blank canvas for a future owner to renovate and reposition the property to meet current market demands. Given its proximity to the university and the anticipated increase in student and faculty population due to the new science building, this property is poised for strong rental returns. The property's location in Middlesex County, Connecticut, within the Wesleyan University Campus submarket, ensures a consistent stream of potential tenants. This is a rare opportunity to acquire a privately owned property within the Wesleyan University campus, offering exceptional long-term investment prospects. The existing structure provides a solid foundation for a variety of uses, subject to local zoning regulations. This property is being offered as a single-tenant building.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1924
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 7,066 SF
Lot 0.2 ac (8,712 SF)
Zoning code DVD
APN MTWN M:24 L:0158
UPID US15-0977926
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
$450k
CAP Approach CAP
by Request
Comparable Approach Comparable
$547k
Blend (final) Blend
$520k
Owner & transaction history
184 High Middletown LLC · 4 yrs held
184 High Middletown LLC
since 2022
Last sale
$520,000
1 recorded transaction
2022
$520,000
Zoning & alternative use
DVD · Middletown, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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