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    Property profile & analytics

    230 Wethersfield Ave Hartford, CT 06114-1113

    • Investment properties
    • 0.18 lot acres
    OFF-MARKET
    Value Estimation
    $540,000
    Last Sale
    Aug 03, 2023
    $523,000
    Location Intelligence
    Property ID
    US15-0761882
    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

    • Abbate Joseph Plumbing & Heating / Bathroom Remodeler / Boiler Supplier

    Property Details for 230 Wethersfield Ave

    Lot size
    0.18 lot acres
    Zone code
    MX-1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    HTFD M:273 B:564 L:015
    APU
    HTFDM273B564L015

    Description

    This exceptional investment opportunity encompasses a 6,480 square foot commercial property situated on a 0.18-acre lot at 230 Wethersfield Avenue in Hartford, Connecticut. The property consists of two buildings sold together: a well-established rooming house and a newer industrial building. The rooming house, totaling 3,230 square feet, comprises eight residential units currently at 100% occupancy. Three units share a kitchen and bathroom. The newer industrial building offers significant versatility. It features three overhead doors, a spacious warehouse area, a well-appointed office with a reception area, ample storage, and a dedicated meeting room. This building is adaptable to a wide range of uses, including an office building, beauty salon, auto service center, or any other business requiring substantial space and convenient access. The combined properties generate a consistent income stream from a diverse tenant base. Priced at $999,000, this property presents a compelling opportunity for investors seeking a strong return on investment or business owners looking for a strategically located, multi-functional space to own outright. The property's location in the heart of Hartford provides excellent access to transportation and a thriving local market. Don't miss this chance to acquire a valuable and income-producing asset.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $550,000

    • CAP approach

      CAP return
      Estimation
      6%
      $455,000
      6.5%
      $505,000
      7%
      $505,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $515,000
      Geo Method
      $585,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $440,000
      Retail
      $435,000
      Mixed-Use
      $545,000
      Hospitality
      $570,000
      Educational
      $440,000
      Residential Income
      $465,000
      Energy
      $440,000
      Income-Based Land
      $545,000
      Food Service
      $460,000

    Location Insight

    • Map
    • Local Demand
    City
    Hartford
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.6733
    Latitude
    41.7496
    CBSA code
    25540
    CBSA name
    HARTFORD-WEST HARTFORD-EAST HARTFORD, 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
    $19,272
    $36,120
    $243,390
    $279,510
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
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      $280,000
      3,029 SF

      539 Franklin Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,029 SF
      539 Franklin Ave, Hartford, CT 06114-3019
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    • Value Estimation
      $285,000
      3,857 SF

      544-546 Franklin Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,857 SF
      544-546 Franklin Ave, Hartford, CT 06114
      View Details
    • Value Estimation
      $275,000
      3,840 SF

      487-489 Franklin Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,840 SF
      487-489 Franklin Ave, Hartford, CT 06114
      View Details
    • Value Estimation
      $255,000
      0.46 Acres

      20 Julius St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.46 Acres
      20 Julius St, Hartford, CT 06114-3726
      View Details
    • Value Estimation
      $420,000
      5,733 SF

      104 Preston St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,733 SF
      104 Preston St, Hartford, CT 06114-2500
      View Details

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    230 Wethersfield Ave
    Hartford, CT 06114-1113
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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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