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    Property profile & analytics

    22-24 4th Ave Taftville, CT 06380

    • Residential income homes
    • 3,696 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimation
    $290,000
    Location Intelligence
    Property ID
    US15-0106484
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Residential income homes

    Property Details for 22-24 4th Ave

    Year built
    1875
    Lot size
    0.16 lot acres
    Property size
    3,696 SF
    Zone code
    MF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    NORW M:47 B:1 L:51
    APU
    NORWM47B1L51

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $250,000

    • CAP approach

      CAP return
      Estimation
      6%
      $370,000
      6.5%
      $360,000
      7%
      $340,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $340,000
      Geo Method
      $420,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $350,000
      Retail
      $310,000
      Mixed-Use
      $330,000
      Hospitality
      $340,000
      Educational
      $415,000
      Residential Income
      $390,000
      Energy
      $400,000
      Income-Based Land
      $315,000
      Food Service
      $410,000

    Location Insight

    • Map
    • Local Demand
    City
    Taftville
    County
    New London
    State
    Connecticut
    Longitude
    -72.0515
    Latitude
    41.5682
    CBSA code
    35980
    CBSA name
    NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,566
    $21,600
    $87,500
    $109,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $230,000
      3,003 SF

      57-59 Merchants Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,003 SF
      57-59 Merchants Ave, Taftville, CT 06380
      View Details
    • Value Estimation
      $345,000
      2,652 SF

      98 2nd Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,652 SF
      98 2nd Ave, Taftville, CT 06380-1311
      View Details
    • Value Estimation
      $195,000
      2,338 SF

      26-28 B St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,338 SF
      26-28 B St, Taftville, CT 06380
      View Details
    • Value Estimation
      $315,000
      4,080 SF

      21-23 Merchants Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,080 SF
      21-23 Merchants Ave, Taftville, CT 06380
      View Details
    • Value Estimation
      $335,000
      9,588 SF

      601 Norwich Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 9,588 SF
      601 Norwich Ave, Taftville, CT 06380-2803
      View Details
    • Value Estimation
      $95,000
      2,254 SF

      18-20 A St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,254 SF
      18-20 A St, Taftville, CT 06380
      View Details

    Similar Nearby for Sale

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      Well-Maintained Five-Unit Building

      Five-unit building with renovated units and separate utilities.
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      New construction duplex, ideal for owner-occupancy near amenities.
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      Triplex with newer features, ideal for owner-occupancy and rental income.
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    Similar Nearby for Lease

    • $1,750 /Mo

      Updated 2-Bedroom Apartment with Heat

      Clean, updated 2-bedroom apartment with included heat and laundry hookups.
      2 N 4Th Ave, Taftville, CT 06380
      View Details
    • $2,000 /Mo

      Renovated Duplex Apartment For Rent

      Renovated 4-bedroom, 2-bath duplex with laundry and parking.
      12 S A St, Taftville, CT 06380
      View Details
    • $2,300 /Mo

      Spacious Four-Bedroom Unit For Rent

      Large first-floor unit with in-unit laundry and parking.
      324 Norwich Ave, Norwich, CT 06380
      View Details
    • $1,375 /Mo

      Spacious Three-Bedroom Unit Available

      Oversized 3-bedroom unit with ample parking and yard space.
      50 Hunters Ave, Taftville, CT 06380
      View Details
    • $2,300 /Mo

      Updated Duplex in Norwich

      Modern 3-bedroom duplex with updated features and convenient location.
      70 Providence St, Taftville, CT 06380
      View Details
    • $1,600 /Mo

      Renovated Townhouse Unit For Rent

      Renovated townhouse unit in central location available for rent.
      79 S B St, Taftville, CT 06380
      View Details
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    Taftville, CT 06380
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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
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