Three-Unit Multifamily
New
For Sale
$499,900
115 Franklin St, Meriden, CT 06450
Meriden residence includes varied apartment layouts, off-street parking, a clean basement, and gas-fired heating.
Property Size2,796 SF
Days on Market5
Property Features for 115 Franklin St
General Information
Standard status
Active
Size
2,796 SF
Property subtype
Multi Family
Occupancy
100%
Units
Unit Mix
1 x 2BR, 2 x 3BR
Multifamily Units
3
Additional Details
Highway Access
Yes
Building Details
Building Size
2,796 SF
Year Built
1880
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
William Raveis Real Estate
(203) 715-3500
Listed By:
Natuzza Dimasi
(203) 715-3500
Source:
Elliman
Added: Aug 21
Changed: Aug 22
Last Checked: Aug 25 at 9:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of William Raveis Real Estate
Investment Insights
Based on property information with market context.
This Meriden multifamily property contains three apartments arranged across the first, second, and third floors. The unit mix includes one two-bedroom apartment on the first floor and two three-bedroom apartments above. A basement provides additional utility and storage space, while gas heating serves the building.
The property includes parking for at least 10 cars and offers access to major highways. All three apartments are currently rented, and the existing tenants have occupied the property for over 10 years, establishing a documented long-term rental history. The current rents are below today’s market rates.
The property includes parking for at least 10 cars and offers access to major highways. All three apartments are currently rented, and the existing tenants have occupied the property for over 10 years, establishing a documented long-term rental history. The current rents are below today’s market rates.
Key Highlights
- Three‑unit property with one 2‑bedroom and two 3‑bedroom apartments
- Parking available for at least 10 cars
- All three units are currently rented
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,232
Businesses Nearby
Explore this area
Business Placement
Demographics for 06450, CT
36,007
Population
15,800
Households
2.3
Avg Household Size
40
Median Age
23%
College-Educated
88%
High-School Grad
13.9 sq mi
ZIP Area
2,590
Density / Sq Mi
$68,961
Median Household Income
$44,109
Median Earnings
$1,267
Median Rent
$220,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Meriden residence includes varied apartment layouts, off-street parking, a clean basement, and gas-fired heating.
Where is this triplex located?
The property is located at 115 Franklin St Meriden, CT.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Three‑unit property with one 2‑bedroom and two 3‑bedroom apartments; Parking available for at least 10 cars; All three units are currently rented
