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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 3 days ago
$ 218,000
ROI
22.6
Cash Flow/m
171- 2 Bed
- 2 Bath
- 1080 sft
16 Woodland Ridge #16, Meriden, CT, 06450
$ 354,999
ROI
23.5Cash Flow/m
366- 2 Bed
- 3 Bath
- 1216 sft
33 Main Street #16, Meriden, CT, 06451
Motivated Seller
$ 150,000
ROI
20.1Cash Flow/m
15- 1 Bed
- 1 Bath
- 968 sft
826 Blackstone Village #826, Meriden, CT, 06450
$ 349,999
ROI
28.2Cash Flow/m
824- 2 Bed
- 3 Bath
- 1340 sft
33 Main Street #1, Meriden, CT, 06451
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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