Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    14 Cherry Street #E Milford, CT 6460

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Second-floor apartment near train, Milford Center, and highways.

    Type:Multi-Family
    Property size:
    550 SF
    Added:
    Aug 26, 2025
    Days on Market:
    219
    Last Refresh:
    Mar 31 at 1:16 am

    Property Features for 14 Cherry Street #E

    General Information

    Standard status
    Active
    Size
    550 SF
    Property subtype
    Multi-Family

    Building Details

    Year Built
    1995

    We can help!

    Listing Contact
    (203) 640-5675

    Listing agent (203) 640-5675

    Listing office Coldwell Banker Realty

    Listing date Aug 26, 2025

    Source Kw

    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 Coldwell Banker Realty

    Overview

    Milford Apartment Near Train Station

    This second-floor apartment is located within a quiet complex within walking distance of the train station and Milford Center. The location provides convenient access to I-95 and the Merritt Parkway for commuting. The unit features new wall-to-wall carpeting and oak cabinets in the kitchen. Appliances include a stove, refrigerator, washer, and dryer. The property is intended for residential use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Milford
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.056
    Latitude
    41.2265

    Nearby Similar for Sale

    • $1,500,000
      7,000 SF

      Milford Commercial Property For Sale

      Commercial property with body shop and dealer's license near I-95.
      998 Bridgeport Avenue, Milford, CT 06460
      View Details
    • $699,000
      930 SF

      Waterfront Commercial Opportunity in Milford

      High-exposure site with water setting and flexible future use potential.
      499 New Haven Avenue, Milford, CT 06460
      View Details
    • $950,000
      1,102 SF

      Milford Restaurant/Deli Opportunity

      Restaurant/Deli with real estate for sale in Milford, CT.
      883 North Street, Milford, CT 06461
      View Details
    • $100,000
      4,000 SF

      Established Axe Throwing Bar & Lounge

      Branded bar and lounge with axe throwing lanes for sale.
      975 Bridgeport Avenue, Milford, CT 06460
      View Details
    • $1,695,000
      8,000 SF

      Prime Retail Strip Center

      Commercial property for sale in a prominent Milford location.
      16 Red Bush Lane, Milford, CT 06461
      View Details
    • $829,900
      2,076 SF

      Milford Multifamily Property For Sale

      Multifamily home near waterfront with income potential in Milford, CT.
      32-1/2 Village Road, Milford, CT 06460
      View Details
    • $550,000
      1,536 SF

      In-Town Milford Two-Family Home

      Two-family property near train, bus, restaurants, and downtown amenities.
      96 W Main Street, Milford, CT 06460
      View Details
    • $649,000
      7,272 SF

      Milford Commercial Building with Warehouse

      Commercial building with warehouse, offices, and additional lot.
      671 Naugatuck Avenue, Milford, CT 06461
      View Details
    • $650,000
      3,289 SF

      Restaurant with Redevelopment Potential

      Fully operational restaurant with income and redevelopment potential.
      227 Bridgeport Avenue, Milford, CT 06460
      View Details
    • $950,000
      1,102 SF

      Restaurant/Deli with Real Estate

      Restaurant/Deli with real estate for sale in Milford, CT.
      883 North Street, Milford, CT 06461
      View Details
    • $1,500,000
      7,000 SF

      Body Shop Business For Sale

      Operating body shop with dealer's license on 0.79 acres.
      998 Bridgeport Ave, Milford, CT 06460
      View Details
    • $100,000
      4,000 SF

      Established Axe Throwing Bar Lounge

      Branded, ready-to-go entertainment venue in prime Milford location.
      975 Bridgeport Avenue, Milford, CT 06460
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Second-floor apartment near train, Milford Center, and highways.
    Where is this multifamily property located?
    The property is located at 14 Cherry Street #E Milford, CT.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Walking distance to train and Milford Center.; Minutes to I95 and the Merritt for commuting.; Includes stove, refrigerator, washer, and dryer.
    (203) 640-5675
    We can help!
    Listing Contact
    (203) 640-5675
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!