Multi Family Investment Properties for Sale in Meriden, CT

Property at 19 North Street, Meriden, CT
Rental Income
$ 339,900
ROI
23.5ROI percentage
Cash Flow/m
Dollar sign353
  • 4 Bed
  • 2 Bath
  • 2131 sft
19 North Street, Meriden, CT, 06451
Property at 74 Twiss Street, Meriden, CT
$ 350,000
ROI
27.8ROI percentage
Cash Flow/m
Dollar sign788
  • 4 Bed
  • 2 Bath
  • 1350 sft
74 Twiss Street, Meriden, CT, 06450
Property at 49 Baker Avenue, Meriden, CT
$ 395,000
ROI
21.5ROI percentage
Cash Flow/m
Dollar sign196
  • 6 Bed
  • 2 Bath
  • 1728 sft
49 Baker Avenue, Meriden, CT, 06451
Property at 34 Union Street, Meriden, CT
$ 399,900
ROI
21.2ROI percentage
Cash Flow/m
Dollar sign163
  • 5 Bed
  • 2 Bath
  • 2006 sft
34 Union Street, 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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