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$625,000
8 Beds 5 Baths ACTIVE Status 24177238 MLS
8.5 Cap On Entry! Fully occupied 5-unit multifamily delivering immediate, stable cash flow in the heart of Meriden. This turnkey asset is a rare find for investors seeking in-place income with zero lease-up risk - all 5 units are occupied and producing revenue from day one. The building has been well maintained and features classic New England curb appeal with a beautifully kept blue shingle exterior and a grand covered front porch with architectural columns. One unit has been fully gut-renovated to today's modern standards - new flooring throughout, fully remodeled kitchen with new appliances, updated cabinetry and countertops, and a completely redone bathroom with contemporary fixtures - providing a clear value-add roadmap for the remaining units as as they turn. The cash flow consistency and upside potential that makes it a compelling addition to any portfolio. Conveniently located near shopping, dining, schools, and major commuter routes, tenant demand in this Meriden neighborhood remains strong.

53 Washington St, Meriden

$449,900
2 Beds 4 Baths ACTIVE Status 24158058 MLS
This is a rare opportunity to own a mixed-use investment property in the heart of downtown Meriden, located in the C-1 zone. The property features four units: a street-level commercial space most recently used as a barber shop; a second-floor office formerly a CPA's office; a rear 1-bedroom apartment on the second floor; and a third-floor 1-bedroom apartment. The building offers strong value-add potential with flexibility for investors or owner-occupants. The second-floor office was previously configured as a residential unit and may offer potential for conversion back to an apartment with city approval. With a mix of residential and commercial space, the property provides opportunities for future income growth. Additional features include a rear parking lot for up to 10 vehicles. Heat and hot water are included via one boiler and one hot water heater. All tenants are month-to-month and would like to stay, offering flexibility for the next owner. Current rents: 1st-floor commercial $460/mo; 2nd-floor office $0/mo; 2nd-floor rear 1BR $525/mo; 3rd-floor 1BR $875/mo. Ideal for an owner-occupant or investor seeking flexible mixed-use space with income potential-don't miss this chance to unlock the property's full upside. Also listed as a commercial property MLS #24158010.

200 W Main St, Meriden

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