Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    281 Hanover St Meriden, CT 06451-5406

    • Residential income homes
    • 2,995 SF
    • 0.18 lot acres
    OFF-MARKET
    Value Estimation
    $235,000
    Last Sale
    Apr 20, 2022
    $250,000
    Location Intelligence
    Property ID
    US15-1243728
    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 281 Hanover St

    Year built
    1890
    Construction
    FRAME
    Lot size
    0.18 lot acres
    Property size
    2,995 SF
    Zone code
    C-1
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    MERI M:604 B:167 L:17
    APU
    MERIM604B167L17

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $220,000

    • CAP approach

      CAP return
      Estimation
      6%
      $275,000
      6.5%
      $260,000
      7%
      $255,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $290,000
      Geo Method
      $220,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $280,000
      Retail
      $285,000
      Mixed-Use
      $240,000
      Hospitality
      $255,000
      Educational
      $295,000
      Residential Income
      $330,000
      Energy
      $245,000
      Income-Based Land
      $265,000
      Food Service
      $315,000

    Location Insight

    • Map
    • Local Demand
    City
    Meriden
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.8121
    Latitude
    41.5347
    CBSA code
    35300
    CBSA name
    NEW HAVEN-MILFORD, 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
    2024
    $6,985
    $72,870
    $108,500
    $181,370
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $620,000
      5,995 SF

      80 Sams Rd

      APARTMENT HOUSE (UNDER 5 UNITS) • 5,995 SF
      80 Sams Rd, Meriden, CT 06451-7503
      View Details
    • Value Estimation
      $215,000
      3,598 SF

      233 Cook Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,598 SF
      233 Cook Ave, Meriden, CT 06451-5524
      View Details
    • Value Estimation
      $230,000
      3,783 SF

      123 Lincoln St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,783 SF
      123 Lincoln St, Meriden, CT 06451-3153
      View Details
    • Value Estimation
      $225,000
      3,550 SF

      35 1st St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,550 SF
      35 1st St, Meriden, CT 06451-4001
      View Details
    • Value Estimation
      $275,000
      2,895 SF

      16 1st St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,895 SF
      16 1st St, Meriden, CT 06451-4019
      View Details
    • Value Estimation
      $70,000
      2,516 SF

      52 Prospect St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,516 SF
      52 Prospect St, Meriden, CT 06451-3033
      View Details

    Similar Nearby for Sale

    • $775,000

      Meriden Multifamily Investment Opportunity

      Eight-unit apartment building with off-street parking and potential laundry room.
      236 W Main St, Meriden, CT 06451
      View Details
    • $950,000

      Meriden Eight-Unit Investment Property

      Eight-unit investment property near Meriden's new train station.
      117 Lincoln St, Meriden, CT 06451
      View Details
    • $785,000

      Mixed-Use Property with Retail Space

      Mixed-use property featuring apartments and a leased flower shop.
      230 W Main St, Meriden, CT 06451
      View Details
    • $399,000
      2,528 SF

      Fully Occupied Mixed-Use Investment

      Mixed-use property in downtown Meriden with high CAP potential.
      235 Hanover St, Meriden, CT 06451
      View Details
    • $425,000
      2,556 SF

      Meriden Two-Family Home with Garage

      Two-family home with garage and yard, to be renovated.
      235 Grove St, Meriden, CT 06451
      View Details
    • $349,900
      1,960 SF

      Two-Family Home with In-Law Apartment

      Colonial with in-law apartment and rental income potential.
      65 Prospect St, Meriden, CT 06451
      View Details

    Similar Nearby for Lease

    • $1,650 /Mo

      Renovated Two-Bedroom Apartment Available

      First-floor, renovated 2-bedroom apartment with modern finishes and parking.
      81 Springdale Ave, Meriden, CT 06451
      View Details
    • $1,200 /Mo

      Meriden Apartment For Rent

      Spacious 1-bedroom apartment near downtown Meriden, 748 sq. ft.
      281 Hanover St, Meriden, CT 06451
      View Details
    • $1,600 /Mo

      Meriden Apartment with Included Utilities

      Two-bedroom apartment in Meriden with heat and hot water included.
      32 Cook Ave, Meriden, CT 06451
      View Details
    • $1,700 /Mo

      Remodeled Apartment with Ample Storage

      Remodeled 2nd-floor apartment featuring a walk-in closet and parking.
      84 Alcove St, Meriden, CT 06451
      View Details
    • $1,450 /Mo

      Apartment Near City Conveniences

      Comfortable apartment with easy access to shopping and transportation.
      81 W Main St, Meriden, CT 06451
      View Details
    • $1,375 /Mo

      Inviting Apartment in Convenient Location

      Bright 1-bedroom apartment near shopping, dining, and transportation.
      62 Wood St, Meriden, CT 06451
      View Details

    Property Visit Statistics

    • Visits by month
      0
    • Visitors by month
      2.1k
    • Avg Time on site
      13 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    281 Hanover St
    Meriden, CT 06451-5406
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.