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    Property profile & analytics

    51 Spg St Middletown, CT 06457-2276

    • Residential income homes
    • 2,272 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimation
    $300,000
    Last Sale
    Jun 13, 2022
    $325,000
    Location Intelligence
    Property ID
    US15-0875544
    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 51 Spg St

    Year built
    1900
    Lot size
    0.11 lot acres
    Property size
    2,272 SF
    Zone code
    RPZ
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    MTWN M:22 L:0071
    APU
    MTWNM22L0071

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $315,000

    • CAP approach

      CAP return
      Estimation
      6%
      $270,000
      6.5%
      $295,000
      7%
      $255,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $240,000
      Geo Method
      $235,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $295,000
      Retail
      $270,000
      Mixed-Use
      $250,000
      Hospitality
      $260,000
      Educational
      $250,000
      Residential Income
      $300,000
      Energy
      $250,000
      Income-Based Land
      $280,000
      Food Service
      $240,000

    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    Middlesex
    State
    Connecticut
    Longitude
    -72.6557
    Latitude
    41.5661
    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
    $6,613
    $42,780
    $145,630
    $188,410
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      15.10 Acres

      Westlake Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 15.10 Acres
      Westlake Dr, Middletown, CT 06457
      View Details
    • Value Estimation
      $355,000
      2,860 SF

      32 Grand St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,860 SF
      32 Grand St, Middletown, CT 06457-2772
      View Details
    • Value Estimation
      $400,000
      2,836 SF

      44 Grn St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,836 SF
      44 Grn St, Middletown, CT 06457-2777
      View Details
    • Value Estimation
      $460,000
      3,042 SF

      40 Grn St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,042 SF
      40 Grn St, Middletown, CT 06457-2776
      View Details
    • Value Estimation
      $305,000
      2,476 SF

      29 Grn St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,476 SF
      29 Grn St, Middletown, CT 06457-2773
      View Details
    • Value Estimation
      $235,000
      3,900 SF

      166 College St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,900 SF
      166 College St, Middletown, CT 06457-3689
      View Details

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    Similar Nearby for Lease

    • $1,195 /Mo

      Charming 1-Bedroom Apartment For Rent

      Second-floor unit with hardwood floors and fresh paint.
      565 E Main St, Middletown, CT 06457
      View Details
    • $1,300 /Mo

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      One-bedroom apartment with utilities included and in-unit laundry.
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      View Details
    • $1,850 /Mo

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      View Details
    • $1,700 /Mo

      Middletown 2-Bedroom Apartment for Rent

      Recently remodeled 2-bedroom apartment near Wesleyan University and Downtown Middletown.
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      View Details
    • $2,100 /Mo

      Downtown Three-Bedroom Apartment for Rent

      Three-bedroom apartment in historic downtown building, utilities included.
      360 Main St, Middletown, CT 06457
      View Details
    • $1,300 /Mo

      One Bedroom Apartment For Rent

      Second floor, one-bedroom apartment with included utilities.
      696 Main St, Middletown, CT 06457
      View Details
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    51 Spg St
    Middletown, CT 06457-2276
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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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