Recently Renovated 3-Unit
For Sale
$589,900
Pending
47 Spring Street, Wallingford, CT 06492
Renovated three-unit property with flexible layouts across multiple bedrooms and baths in a strong rental location.
Property Size19,003 SF
Days on Market100
Property Features for 47 Spring Street
General Information
Standard status
Pending
Size
19,003 SF
Property subtype
3 Family
Additional Details
Multifamily Units
3
Building Details
Building Size
19,003 SF
Year Built
1900
Tenancy
Multi
Listing Agency:
HomeRun Realty LLC
Listed By:
Billie D'alessio
(203) 239-2228
Source:
Iverty
Added: May 28
Changed: Aug 23
Last Checked: Aug 3 at 12:07PM
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 HomeRun Realty LLC
Investment Insights
Based on property information with market context.
Recently renovated three-unit triplex offering a practical mix of layouts for owners and tenants. Apartment #1 features 3 bedrooms and 2 full baths, well-suited for multi-generational living. Apartment #2 offers 2 bedrooms and 1 bath, and Apartment #3 provides 1 bedroom and 1 bath. The configuration supports straightforward occupancy planning while maintaining distinct living spaces for each unit.
The property is located in a prime rental area with close access to downtown restaurants and shops. It is also near a new train station with service to NY and Boston, adding commuter convenience. Town amenities nearby include a Dog Park and Wharton Brook Park for fishing, along with the Quinnipiac Linear Trail. Additional recreational options noted include Doolittle Park for Pickleball and Sleeping Giant State Park for hiking.
This is an ideal setup for buyers seeking to live in one unit and have tenants help offset the mortgage. It also presents an attractive option for investors looking for a recently updated, income-producing residential asset. The offering is a Fannie Mae HomePath property, and first-time buyers may be eligible after completing the HomePath Ready Buyer homeownership course on Homepath.com; a certificate can be attached for closing cost assistance up to 3%, subject to restrictions.
The property is located in a prime rental area with close access to downtown restaurants and shops. It is also near a new train station with service to NY and Boston, adding commuter convenience. Town amenities nearby include a Dog Park and Wharton Brook Park for fishing, along with the Quinnipiac Linear Trail. Additional recreational options noted include Doolittle Park for Pickleball and Sleeping Giant State Park for hiking.
This is an ideal setup for buyers seeking to live in one unit and have tenants help offset the mortgage. It also presents an attractive option for investors looking for a recently updated, income-producing residential asset. The offering is a Fannie Mae HomePath property, and first-time buyers may be eligible after completing the HomePath Ready Buyer homeownership course on Homepath.com; a certificate can be attached for closing cost assistance up to 3%, subject to restrictions.
Key Highlights
- Recently renovated 3‑unit property with 6 bedrooms and 4 baths total
- Unit mix: Apt #1 has 3 bedrooms and 2 full baths; Apt #2 has 2 beds and 1 bath; Apt #3 has 1 bed and 1 bath
- Flexible owner‑occupant setup with option to live in one unit and rent the other units
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,162
Businesses Nearby
Explore this area
Business Placement
Demographics for 06492, CT
44,606
Population
19,603
Households
2.3
Avg Household Size
45
Median Age
39%
College-Educated
94%
High-School Grad
39.8 sq mi
ZIP Area
1,121
Density / Sq Mi
$101,757
Median Household Income
$57,977
Median Earnings
$1,346
Median Rent
$328,400
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 - Renovated three-unit property with flexible layouts across multiple bedrooms and baths in a strong rental location.
Where is this triplex located?
The property is located at 47 Spring Street Wallingford, CT.
What is the asking price?
The asking price for this property is $589,900.
What are key features of this property?
This property features: Recently renovated 3‑unit property with 6 bedrooms and 4 baths total; Unit mix: Apt #1 has 3 bedrooms and 2 full baths; Apt #2 has 2 beds and 1 bath; Apt #3 has 1 bed and 1 bath; Flexible owner‑occupant setup with option to live in one unit and rent the other units
