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Property profile & analytics
OFF-MARKET
Residential income homes
27 Long Ln Middletown, CT 06457-4081
Individually Owned
10-yr Hold
Property ID
US15-1194550
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1900
Total area
2,881 SF
Lot
0.32 ac (13,939 SF)
Zoning code
M
APN
MTWN M:25 L:0079
UPID
US15-1194550
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Matthew Combe · 10 yrs held
Matthew Combe
since 2015
7 recorded transactions
Zoning & alternative use
M · Middletown, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2023Property tax & assessments
Tax year 2023
Tax billed
$9,805
Tax year 2023
Assessed value
$279,350
Assessed 2023
Previous assessed
$279,350
+0.0% YoY
Effective rate
3.51%
On assessed value
Assessed land
$62,010
Assessed improvement
$217,340
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1900
Heating
FORCED AIR
Buildings
1
Stories
3
Units
4
Rooms
11
Bathrooms
5
Total area
2,881 SF
Lot
0.32 ac (13,939 SF)
Zoning code
M
APN
MTWN M:25 L:0079
UPID
US15-1194550
Jurisdiction
MIDDLETOWN
Zoning & alternative use
M · Middletown, CT
Zoning M · permitted uses
M · Middletown, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Middletown. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1900
Heating
FORCED AIR
Stories
3
Buildings
1
Units
4
Rooms
11
Bathrooms
5
Lot
0.32 ac
Current owner
From public records · entity-resolved
Matthew Combe
Individual
Mailing address
27 LONG LN, MIDDLETOWN, CT 06457-4081
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2015
$205,000
Matthew Combe
Brian D Penney
Warranty Deed
$164,000 · Primary Residential Mortgage INC
Aug 31, 2005
$218,500
Brian D Penney
Mcwilliams,mark E
Warranty Deed
$214,900 · Liberty Bank
Apr 1, 2003
—
Mark E Mcwilliams
—
Deed Of Trust
related
$100,000 · Washington Mutual Bank
Feb 6, 2002
—
Mark E Mcwilliams
—
Deed Of Trust
related
$94,500 · Washington Mutual Bank
Jan 5, 2000
$64,350
Mark E Williams
Unvrsl Prtfolio Buyers
Warranty Deed
$51,480 · Washington Mutual Bank
Sep 27, 1988
—
John H Philbrick
—
Deed Of Trust
related
$170,000 · Mid Conn Bank
—
—
Matthew Combe
—
Deed Of Trust
related
$20,000 · Dutch Point Cu
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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