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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Multi Family Investment Properties for Sale in Meriden, CT
Listed for sale 6 days ago
$ 325,000
ROI
24.7
Cash Flow/m
447- 5 Bed
- 2 Bath
- 2254 sft
66 Vine Street, Meriden, CT, 06451
Rental Income
$ 315,000
ROI
22.9Cash Flow/m
275- 3 Bed
- 2 Bath
- 1466 sft
160 Springdale Avenue, Meriden, CT, 06451
Currently Rented
Rental Income
$ 389,000
ROI
26.4Cash Flow/m
719- 9 Bed
- 3 Bath
- 3504 sft
44 Prescott Street, Meriden, CT, 06450
Fix & Flip
Rental Income
$ 339,900
ROI
25.8Cash Flow/m
571- 6 Bed
- 2 Bath
- 2578 sft
27 Windsor Avenue, Meriden, CT, 06451
Why Invest in Meriden, Connecticut?
Multi-family properties in Meriden, CT offer strong investment potential with steady rental demand. Home values have appreciated around 5-8% annually, supporting solid equity growth[1][3]. Average rents hover near $1,600 monthly, yielding competitive cap rates for investors[2]. Renter-occupied housing remains high amid a competitive market with homes selling quickly. Proximity to Hartford and manufacturing hubs ensures reliable cash flow from long-term tenants.
7.2%
Avg. ROI
6.1%
Rental Yield
6.8%
Cap Rate
$420/mo
Avg. Cash Flow
$1600/mo
Avg. Rent
6.5%
1Y Appreciation
Frequently Asked Questions
High renter occupancy and 5-8% appreciation drive returns. Steady manufacturing jobs ensure tenant stability. Cap rates around 6.8% offer reliable cash flow.
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