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Property profile & analytics
FOR SALE
Investment properties
44 Washington St Middletown, CT 06457
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US15-0125769
For Sale
1 / 2
$474,900
44 Washington St, Middletown, CT 06457
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1784
Construction
FRAME
Total area
4,108 SF
Lot
0.21 ac (9,148 SF)
Zoning code
B-1
APN
MTWN M:22 L:0545
UPID
US15-0125769
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
Current use
Occupant on record · Public records
-
Next Rock Consulting Consultant
-
Lyndsay Stutz- Our Home Realty Advisors Real Estate Agency
-
Sarah McMillan, Our Home Realty Advisors Real Estate Agency
-
Our Home Realty Advisors Real Estate Agency
-
Kathleen Mullins- Our Home Realty Advisors Real Estate Agency
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
Carlos G Tapia · 2 yrs held
Carlos G Tapia
since 2024
Last sale
$450,000
3 recorded transactions
Zoning & alternative use
B-1 · 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
$7,508
Tax year 2023
Assessed value
$213,910
Assessed 2023
Previous assessed
$213,910
+0.0% YoY
Effective rate
3.51%
On assessed value
Assessed land
$83,770
Assessed improvement
$130,140
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Sale
Year built
1784
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
3
Units
3
Total area
4,108 SF
Lot
0.21 ac (9,148 SF)
Zoning code
B-1
APN
MTWN M:22 L:0545
UPID
US15-0125769
Jurisdiction
MIDDLETOWN
Zoning & alternative use
B-1 · Middletown, CT
Zoning B-1 · permitted uses
B-1 · 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
1784
Construction
FRAME
Heating
HOT WATER
Stories
3
Buildings
1
Units
3
Lot
0.21 ac
Current owner
From public records · entity-resolved
Carlos G Tapia
Individual
Mailing address
44 WASHINGTON ST, MIDDLETOWN, CT 06457-2843
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 19, 2024
$450,000
Carlos G Tapia
Douglas Smith
Warranty Deed
—
May 7, 2010
$400,000
Green Grass Re LLC
Tine,diane F
Warranty Deed
$375,000 · Liberty Bank
Feb 29, 1996
—
Diane F Tine
—
Deed Of Trust
related
$190,000 · New Haven Savings Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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