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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 5 days ago
$ 229,000
ROI
22.9
Cash Flow/m
197- 2 Bed
- 2 Bath
- 1152 sft
158 Paddock Avenue #1803, Meriden, CT, 06450
$ 369,900
ROI
24.6Cash Flow/m
502- 2 Bed
- 3 Bath
- 1340 sft
33 Main Street #8, Meriden, CT, 06451
Currently Rented
$ 185,000
ROI
27.0Cash Flow/m
374- 2 Bed
- 1 Bath
- 848 sft
1001 Old Colony Road #7-15, Meriden, CT, 06451
$ 199,900
ROI
24.6Cash Flow/m
269- 2 Bed
- 2 Bath
- 1088 sft
181 Hicks Street #2D, 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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