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    Updated Two-Family Investment Property Title is generated by Realmo AI

    75 Curtis St, Meriden, CT 06450

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    For Sale
    $449,900

    Turnkey two-family home with recent updates and strong rental potential.

    Type:Multi Family
    Added:
    Apr 15, 2026
    Days on Market:
    47
    Last Refresh:
    Apr 3 at 5:26 pm

    Property Features for 75 Curtis St

    General Information

    Standard status
    Active
    Property subtype
    Multi Family

    Building Details

    Year Built
    1846

    We can help!

    Listing Contact
    Linda J. Conchado

    Listing agent Linda J. Conchado License #RES.0779803

    Listing office AllPoints Realty Inc

    Listing date Apr 15, 2026

    Source Elliman

    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 AllPoints Realty Inc

    HighLights

    • Turnkey investment property with two units, both currently rented, providing immediate rental income.
    • Extensive recent updates including new furnaces, hot water heater, updated electrical service, new Hardie siding, and rebuilt porches.
    • Each unit features remodeled kitchens with granite countertops and separate utilities.
    • First floor unit has 4 bedrooms and 2 full baths; second unit has 4 bedrooms and 1 full bath.
    • Features include a fully fenced backyard, double‑wide driveway, and ample storage in the walk‑up attic.
    • Roof replaced in 2017.

    Overview

    This well-maintained two-family home presents a turnkey investment opportunity, featuring extensive recent updates throughout. The first-floor unit includes 4 bedrooms and 2 full bathrooms. The second unit offers 4 bedrooms and 1 full bathroom. Both units are currently rented. Significant improvements include new furnaces installed in 2021 and 2024, along with a new hot water heater in 2024. The property features updated 200 amp electrical service in each unit and new Bilco doors scheduled for installation in 2026. The exterior has been completely transformed with new Hardie siding and a full exterior upgrade completed in 2026, including rebuilt front and back porches. The roof was replaced in 2017. Both units feature remodeled kitchens with granite countertops, natural gas heat, one forced hot air system and one baseboard system. Washer and dryer hookups are available in the basement. The property has separate utilities with 3 meters (one for each unit plus landlord). Each unit includes a three-season porch. Additional features include a walk-up attic for storage, a fully fenced backyard, and a double-wide driveway providing off-street parking. The property is located in an area that is somewhat bikeable and somewhat walkable, with some transit options available.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Meriden
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.7957619
    Latitude
    41.5289101

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    FAQs

    What type of property is this?
    Duplex - Turnkey two-family home with recent updates and strong rental potential.
    Where is this duplex located?
    The property is located at 75 Curtis St Meriden, CT.
    What is the asking price?
    The asking price for this property is $449,900.
    What are key features of this property?
    This property features: Turnkey investment property with two units, both currently rented, providing immediate rental income.; Extensive recent updates including new furnaces, hot water heater, updated electrical service, new Hardie siding, and rebuilt porches.; Each unit features remodeled kitchens with granite countertops and separate utilities.
    (203) 980-0549
    We can help!
    Listing Contact
    Linda J. Conchado
    Real Estate License ID: RES.0779803
    Learn More
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    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.

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