Condo Investment Properties for Sale in Meriden, CT
Listed for sale 7 days ago
$ 234,900
ROI
21.4
Cash Flow/m
107- 2 Bed
- 2 Bath
- 1296 sft
1655 North Colony Road #6003, Meriden, CT, 06450
$ 199,900
ROI
25.1Cash Flow/m
297- 2 Bed
- 1 Bath
- 1029 sft
84 Kent Court #84, Meriden, CT, 06450
$ 226,000
ROI
20.4Cash Flow/m
38- 2 Bed
- 1 Bath
- 1144 sft
560 Yale Avenue #3, Meriden, CT, 06450
$ 199,900
ROI
21.4Cash Flow/m
88- 2 Bed
- 2 Bath
- 1568 sft
837 Blackstone Village #837, 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.
Find Your Perfect Investment Property in Meriden, Connecticut
Explore investment opportunities by strategy, performance, or property type
