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    Property profile & analytics

    537 Broad St Meriden, CT 06450-5621

    • Apartment buildings
    • 7,980 SF
    • 0.22 lot acres
    OFF-MARKET
    Value Estimation
    $325,000
    Location Intelligence
    Property ID
    US15-0182905
    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

    • Apartment buildings

    Property Details for 537 Broad St

    Year built
    1920
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.22 lot acres
    Property size
    7,980 SF
    Zone code
    R-2
    Property type
    Apartment buildings
    APN
    MERI M:217 B:110 L:5
    APU
    MERIM217B110L5

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $300,000

    • CAP approach

      CAP return
      Estimation
      6%
      $375,000
      6.5%
      $365,000
      7%
      $405,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $335,000
      Geo Method
      $380,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $395,000
      Retail
      $370,000
      Mixed-Use
      $360,000
      Hospitality
      $390,000
      Educational
      $300,000
      Residential Income
      $320,000
      Energy
      $325,000
      Income-Based Land
      $335,000
      Food Service
      $405,000

    Location Insight

    • Map
    • Local Demand
    City
    Meriden
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.7912
    Latitude
    41.5343
    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
    $12,201
    $76,230
    $240,590
    $316,820
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3.51 Acres

      75 Cp St

      APARTMENT HOUSE (5+ UNITS) • 3.51 Acres
      75 Cp St, Meriden, CT 06450-3221
      View Details
    • Value Estimation
      $460,000
      5,039 SF

      766 Broad St

      APARTMENT HOUSE (5+ UNITS) • 5,039 SF
      766 Broad St, Meriden, CT 06450-4373
      View Details
    • Value Estimation by Request
      47,460 SF

      14 Broad St

      APARTMENT HOUSE (5+ UNITS) • 47,460 SF
      14 Broad St, Meriden, CT 06450-6535
      View Details
    • Value Estimation by Request
      78,276 SF

      657 Main St

      APARTMENT HOUSE (5+ UNITS) • 78,276 SF
      657 Main St, Meriden, CT 06450-6033
      View Details
    • Value Estimation
      $295,000
      5,013 SF

      216 Main St

      APARTMENT HOUSE (5+ UNITS) • 5,013 SF
      216 Main St, Meriden, CT 06450-9401
      View Details
    • Value Estimation
      $455,000
      3,964 SF

      404 Ctr St

      APARTMENT HOUSE (5+ UNITS) • 3,964 SF
      404 Ctr St, Meriden, CT 06450-3345
      View Details

    Similar Nearby for Sale

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      Six-unit multifamily property near downtown Meriden, strong cash flow.
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    • $450,000

      Meriden Multifamily Investment Opportunity

      Nine-unit property with income potential near amenities and transportation.
      223 Broad St, Meriden, CT 06450
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      Meriden Multifamily Home For Sale

      Multifamily home with two units, convenient location, and ample parking.
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    Similar Nearby for Lease

    • $1,650 /Mo

      Spacious Apartment with Modern Kitchen

      Freshly painted 2nd-floor apartment with hardwood floors and parking.
      687 Broad St, Meriden, CT 06450
      View Details
    • $4,000 /Mo

      Spacious Remodeled Apartment with Backyard

      Split-level apartment with six bedrooms, three bathrooms, and backyard.
      358 Pomeroy Ave, Meriden, CT 06450
      View Details
    • $1,650 /Mo

      Apartment with Skylights and Updates

      Inviting apartment featuring vaulted ceilings, skylights, and updated kitchen.
      204 Broad St, Meriden, CT 06450
      View Details
    • $4,350 /Mo

      Remodeled Apartment Near Norwalk Hospital

      Remodeled first-floor unit near hospital, restaurants, shops, and train.
      14 Fairview Ave, Norwalk, CT 06450
      View Details
    • $1,350 /Mo

      Meriden Second-Floor One Bedroom Unit

      Convenient, affordable one-bedroom unit near downtown Meriden.
      113 East Main St, Meriden, CT 06450
      View Details
    • $1,395 /Mo

      Spacious Three-Bedroom Apartment in Meriden

      Three-bedroom apartment with eat-in kitchen, convenient location in Meriden.
      76 Twiss St, Meriden, CT 06450
      View Details

    Property Visit Statistics

    • Visits by month
      1.0k
    • Visitors by month
      820
    • Avg Time on site
      24 min
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    537 Broad St
    Meriden, CT 06450-5621
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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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