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    Property profile & analytics

    39 Chestnut St Manchester, CT 06040-5112

    • Residential income homes
    • 3,882 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimation
    $540,000
    Last Sale
    Sep 16, 2024
    $550,000
    Location Intelligence
    Property ID
    US15-1346032
    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 39 Chestnut St

    Year built
    1915
    Lot size
    0.16 lot acres
    Property size
    3,882 SF
    Zone code
    RB
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    MANC M:78 B:1100 L:39
    APU
    MANCM78B1100L39

    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%
      $540,000
      6.5%
      $495,000
      7%
      $555,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $560,000
      Geo Method
      $505,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $530,000
      Retail
      $400,000
      Mixed-Use
      $545,000
      Hospitality
      $490,000
      Educational
      $510,000
      Residential Income
      $415,000
      Energy
      $555,000
      Income-Based Land
      $470,000
      Food Service
      $420,000

    Location Insight

    • Map
    • Local Demand
    City
    Manchester
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.5249
    Latitude
    41.7731
    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
    2024
    $8,943
    $28,100
    $203,100
    $231,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $225,000
      3,180 SF

      17 Locust St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,180 SF
      17 Locust St, Manchester, CT 06040-5121
      View Details
    • Value Estimation
      $300,000
      3,480 SF

      16 Lyness St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,480 SF
      16 Lyness St, Manchester, CT 06040-4872
      View Details
    • Value Estimation
      $95,000
      4,659 SF

      12 Arch St

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,659 SF
      12 Arch St, Manchester, CT 06040-4930
      View Details
    • Value Estimation
      $580,000
      3,520 SF

      149 Bissell St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,520 SF
      149 Bissell St, Manchester, CT 06040-5390
      View Details
    • Value Estimation
      $335,000
      2,944 SF

      55 Winter St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,944 SF
      55 Winter St, Manchester, CT 06040-5070
      View Details
    • Value Estimation
      $220,000
      4,050 SF

      103 Rdg St

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,050 SF
      103 Rdg St, Manchester, CT 06040-4933
      View Details

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    Similar Nearby for Lease

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      Updated 1 bed, 1 bath apartment for rent.
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      Spacious Three-Bedroom Apartment For Rent

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      Manchester Multifamily Unit For Rent

      Multifamily unit available for rent in Manchester, Connecticut.
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    • $2,000 /Mo

      Residential Property for Rent

      Residential property available for rent in Manchester, CT.
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      View Details
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    39 Chestnut St
    Manchester, CT 06040-5112
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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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