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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Meriden, CT
Listed for sale 6 days ago
$ 249,900
ROI
23.8
Cash Flow/m
279- 2 Bed
- 2 Bath
- 1086 sft
560 Yale Avenue #4, Meriden, CT, 06450
Listed for sale 7 days ago
$ 290,000
ROI
24.7Cash Flow/m
399- 2 Bed
- 2 Bath
- 1070 sft
246 Metacomet Drive #246, Meriden, CT, 06450
$ 219,000
ROI
23.3Cash Flow/m
215- 2 Bed
- 2 Bath
- 1084 sft
1655 North Colony Road #15, Meriden, CT, 06450
$ 260,000
ROI
23.4Cash Flow/m
261- 2 Bed
- 2 Bath
- 1294 sft
153 Sterling Village #153, Meriden, CT, 06450
Why Invest in Meriden, Connecticut?
Meriden, CT offers strong opportunities for condo investors seeking steady rental income in a competitive market. Recent data shows home values appreciating around 5-6% annually, supporting solid returns. Average rents near $1,900 provide reliable cash flow with cap rates around 6-7%. Renter occupancy remains high at approximately 40%, driven by local employment stability. Low vacancy and quick sales make condos a smart choice for passive income here.
8.2%
Avg. ROI
6.1%
Rental Yield
6.5%
Cap Rate
$185/mo
Avg. Cash Flow
$1917/mo
Avg. Rent
5.4%
1Y Appreciation
Frequently Asked Questions
Yes, condos offer strong rental yields around 6% with appreciating values at 5% annually. High renter occupancy and quick market turnover make them reliable. Focus on properties near major employers for best cash flow.
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