




A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Investment property for sale in Killingly at 14 Palmer Street, Killingly, CT, 06239 with 5% annual appreciation on a $400,000 basis while $1,763/mo rent supports operations. 27% in year one. Equity gained on principal adds $2,581/yr, and five-year appreciation sums $110,513 alongside rental yield of 5.29%. Five-year ROI measures 57.29% and total cumulative return in cash totals $75,964. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,763/mo property income versus a $1,958/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1932
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 06239, Danielson, CT area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,234 (100%) |
| Owner Occupied HU | 3,286 (62.8%) |
| Renter Occupied HU | 1,671 (31.9%) |
| Vacant Housing Units | 277 ( 5.3%) |
| Median Home Value | $314,831 |
| Average Home Value | $382,427 |
Residential
4,614
Single Family
4,407
Multi-Family
207
Businesses
292
Date | Event | Price |
|---|---|---|
| 2025-06-30 | Sold | $400,000 |
| 2025-05-30 | Pending sale | $374,900 |
| 2025-05-26 | Listed for sale | $374,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-31 | $4092.00 | 67.91% | $171,120 | 125.31% |
| 2023-10-31 | $2437.00 | 6.28% | $75,950 | N/A |
| 2022-10-31 | $2293.00 | N/A | $75,950 | N/A |



What's Special
None
Listed by: Jim R. Black • Real Broker CT, LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24095091
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.