Meriden Multifamily Investment
For Sale
$625,000
53 Washington Street, Meriden, CT 06451
Fully occupied 5-unit multifamily property with immediate cash flow.
Property Size3,825 SF
Price / SF$163.40
Days on Market97
Property Features for 53 Washington Street
General Information
Standard status
Active
Size
3,825 SF
Property subtype
5 Family+
Building Details
Year Built
1900
Listing Agency:
Alpha Capital Realty, LLC
(203) 980-6412
Listed By:
Justin Sudol · License #RES.0835005
(203) 980-6412
Source:
Lockandkeyre
Added: May 20
Changed: Aug 23
Last Checked: Aug 24 at 6:18AM
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 Alpha Capital Realty, LLC
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
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,481
Businesses Nearby
Explore this area
Business Placement
Demographics for 06451, CT
24,894
Population
11,004
Households
2.3
Avg Household Size
38
Median Age
21%
College-Educated
85%
High-School Grad
9.8 sq mi
ZIP Area
2,540
Density / Sq Mi
$68,081
Median Household Income
$44,681
Median Earnings
$1,207
Median Rent
$223,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
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 Street Meriden, CT.
What is the asking price?
The asking price for this property is $625,000.
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
