Under $500K Investment Properties for Sale in Meriden, CT
Listed for sale 3 days ago
$ 371,000
ROI
30.4
Cash Flow/m
1095- 3 Bed
- 2 Bath
- 1714 sft
53 Holiday Hill Road, Meriden, CT, 06450
Listed for sale 3 days ago
$ 365,900
ROI
20.5Cash Flow/m
72- 2 Bed
- 2 Bath
- 1598 sft
130 Meetinghouse Ridge, Meriden, CT, 06450
Listed for sale 4 days ago
$ 365,000
ROI
30.9Cash Flow/m
1136- 3 Bed
- 2 Bath
- 1590 sft
65 Brooklawn Drive, Meriden, CT, 06450
Listed for sale 4 days ago
$ 299,900
ROI
20.7Cash Flow/m
76- 3 Bed
- 2 Bath
- 1092 sft
292 Tumblebrook Road, Meriden, CT, 06450
Why Invest in Meriden, Connecticut?
Meriden, CT offers strong investment potential in homes under $500k, with median prices around $325k leaving room for solid cash flow. Recent appreciation of 5-8% annually supports long-term growth while cap rates hover around 6-7%. Rental yields average 6.5% with average rents near $1,600/month and renter occupancy at 38%. The competitive market sees homes sell quickly, ideal for investors seeking affordable entry points with reliable returns.
8.5%
Avg. ROI
6.5%
Rental Yield
6.8%
Cap Rate
$450/mo
Avg. Cash Flow
$1600/mo
Avg. Rent
6.2%
1Y Appreciation
Frequently Asked Questions
Median sale prices in Meriden are around $325k, well under $500k, with many single-family homes available. Homes sell competitively after about 44 days on market. This price point offers strong entry for cash-flowing rentals.
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