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Property profile & analytics
OFF-MARKET
Residential income homes
558 Main St, Meriden, CT 06450-6030
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US15-1214776
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1908
Total area
4,596 SF
Lot
0.45 ac (19,602 SF)
Zoning code
R-2
APN
MERI M:209 B:100 L:19
UPID
US15-1214776
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
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
Michael Ieraci · 4 yrs held
Michael Ieraci
since 2022
Last sale
$420,500
7 recorded transactions
Zoning & alternative use
R-2 · Meriden, 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 Meriden submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Meriden 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 2024Property tax & assessments
Tax year 2024
Tax billed
$8,847
Tax year 2024
Assessed value
$229,740
Assessed 2024
Previous assessed
$229,740
+0.0% YoY
Effective rate
3.85%
On assessed value
Assessed land
$68,460
Assessed improvement
$161,280
Applied tax rate
302.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1908
Heating
HOT WATER
Buildings
1
Stories
3
Units
4
Rooms
14
Bathrooms
4
Total area
4,596 SF
Lot
0.45 ac (19,602 SF)
Zoning code
R-2
APN
MERI M:209 B:100 L:19
UPID
US15-1214776
Jurisdiction
MERIDEN
Zoning & alternative use
R-2 · Meriden, CT
Zoning R-2 · permitted uses
R-2 · Meriden, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Meriden. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1908
Heating
HOT WATER
Stories
3
Buildings
1
Units
4
Rooms
14
Bathrooms
4
Lot
0.45 ac
Current owner
From public records · entity-resolved
Michael Ieraci
Individual
Mailing address
129 E GREENBRIAR RD, MERIDEN, CT 06450-6819
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 7, 2022
$420,500
Michael Ieraci
Jonathan Frederick
Warranty Deed
—
Apr 7, 2022
—
Jonathan Frederick
Fredericks Property Mgmt
Quit Claim Deed
related
—
Feb 24, 2011
—
Jonathan Frederick
—
Deed Of Trust
related
$234,000 · Wells Fargo Mortgage
Jul 3, 2006
$300,000
Jonathan Frederick
Mkj LLC
Warranty Deed
$240,000 · Wells Fargo Mortgage
Sep 24, 2004
$235,000
David Durant
Rydzy,mark A
Grant Deed
$188,000 · Nation One Mortgage Co INC
Sep 24, 2004
—
David Durant
—
Deed Of Trust
related
$35,250 · Nation One Mortgage Co INC
Dec 30, 1999
$135,000
Mark A Rydzy
Milici,carol A
Warranty Deed
$121,500 · Accubanc Mortgage Corp
Dec 19, 1997
$116,000
Carol Rodgers
Feitel,robert
Warranty Deed
$88,500 · Chase Manhattan Mortgage Corp
Dec 19, 1997
—
Carol Rodgers
—
Deed Of Trust
related
$29,000 · Ct Housing Fin Auth
Feb 2, 1996
$90,000
Robert H Feitel SR.
Mcmahon,lois E
Warranty Deed
$72,000 · Alliance Mortgage
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.
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