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    23 Randolph Ave Meriden, CT 06451

    For Sale
    $415,000

    Well-maintained multifamily property in Meriden with strong rental income.

    Lot size:
    0.12 Acres

    Property Features for 23 Randolph Ave

    General Information

    Lot size
    0.12 Acres

    Building Details

    Year built
    1890

    Source: Coldwell Banker Realty Agent Thao Tran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Meriden Multifamily Investment Opportunity

    This well-maintained multifamily property is located in Meriden. Each unit features a spacious layout. Updated windows and gutters are present. The units are currently rented at full market value, providing reliable cash flow. This property is suitable for both owner-occupants and investors. It offers consistent income with minimal maintenance. The property is conveniently located near downtown Meriden, shopping, restaurants, schools, and major highways, facilitating easy commuting. This turnkey investment opportunity could be a solid addition to any real estate portfolio.
    Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Meriden
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.8085836
    Latitude
    41.5377507

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    FAQs

    What type of property is this?
    Multifamily property - Well-maintained multifamily property in Meriden with strong rental income.
    Where is this multifamily property located?
    The property is located at 23 Randolph Ave Meriden, CT.
    What is the asking price?
    The asking price for this property is $415,000.
    What are key features of this property?
    This property features: - Strong and reliable cash flow from fully rented units at full market value.; - Well-maintained property requiring minimal maintenance.; - Spacious layouts in each unit.
    (202) 710-2303
    Request Owner's contact information
    23 Randolph Ave Meriden, CT 06451
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    23 Randolph Ave Meriden, CT 06451
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