53 Washington St Meriden, CT 06451

Building Details

Year Built

1900

Listing Agency j**@alphacapitalfunds.com Show Phone

Listed by Joseph Ireland Show Phone

Source Elliman

Added: May 21 Checked: Jul 17 at 5:44 am

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Investment Insights

Based on property information with market context.

This is a fully occupied 5-unit multifamily property located in Meriden. It offers immediate and stable cash flow. All 5 units are occupied and generating revenue. The building has been well maintained and features New England curb appeal with a blue shingle exterior and a covered front porch with architectural columns. One unit has been fully renovated with new flooring, a remodeled kitchen with new appliances, updated cabinetry and countertops, and a redone bathroom with contemporary fixtures. The property is located near shopping, dining, schools, and major commuter routes. Tenant demand in this Meriden neighborhood is strong. The property has a walk score of 83, indicating it is very walkable, a transit score of 47, indicating some transit options are available, and a bike score of 28, indicating it is somewhat bikeable.

Key Highlights

• 8. 5% Cap Rate on Entry: Provides immediate and substantial return on investment
• Fully Occupied: Generates immediate, stable cash flow
• Turnkey Asset: Well‑maintained building requiring no immediate renovations

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FAQs

What type of property is this?

Apartment building - Fully occupied 5-unit multifamily property with immediate cash flow.

Where is this apartment building located?

The property is located at 53 Washington St Meriden, CT.

What is the asking price?

The asking price for this property is $650,000.

What are key features of this property?

This property features: 8. 5% Cap Rate on Entry: Provides immediate and substantial return on investment; Fully Occupied: Generates immediate, stable cash flow; Turnkey Asset: Well‑maintained building requiring no immediate renovations