48 Pine St is a fully renovated two-family property that presents an outstanding investment opportunity. Both units have been completely updated and are currently occupied by long-standing, reliable tenants, providing immediate and consistent rental income. The property also features ample off-street parking. This turn-key property has a strong rental history and is ideal for investors looking to expand their portfolio with minimal upfront work. With separate utilities and modern upgrades, management is simplified and future maintenance is reduced. Conveniently located near shopping, dining, and major routes, this home offers both stability and long-term upside potential.
Multi-familyProperty Type
1919Year Built
0.26 acresLot Size
$198Est. Price/Sq.Ft.
4 car garageParking
Listed by Jessica Lopez• Our Home Realty Advisors
Bought with Julie Luchina• Coldwell Banker Realty
Source:Smart MLS #24102809
Redfin Estimate
$431,291
$49K since sold in October 2025$2,000 since September
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 14.2% higher than the average sale price ($378K) of 6 comparable homes.
INVESTORS TAKE NOTICE... THIS TWO-FAMILY PROPERTY IS CONVENIENTLY LOCATED NEAR DOWNTAOWN AREA. FULLY RENOVATED BOTH FLOORS IN 2021 EACH WITH TWO BEDROOMS & ONE BATH. FEATURING NEW SIDING AND ROOF INTALLED IN 2021 & GUTTERS IN 2023. THIS PROPERTY ALSO HAS TWO OVER SIZED GARAGES, AND A SPACIOUS LEVELED YARD. DONT MISS OUT ON THIS OPPORTUNITY TO ADD THIS TO YOUR INVESTMENT PORTFOLIO. SCHEDULE YOUR SHOWINGS TODAY!!!
Smart MLS #170363168
Mar 10, 2021
Sold
$125,000
$57/sq ft
Dec 31, 2020
Listed
$105,000
$48/sq ft
HUD Home! This property will not last. 2 family with 4 car garage nestled in convenient and booming section of Meriden. Features include sun porch, walk-in pantry and large kitchens. Plenty of parking. Schedule a viewing and bring your ideas and personal touches to complete this multifamily for yourself, family or as an investment property. Close to restaurants, food, shopping, entertainment and much more! *Financing terms available: Cash, Conventional, FHA 203K
Smart MLS #170034734
Mar 9, 2018
Listing Removed
—
Nov 27, 2017
Listed
$159,900
$73/sq ft
Public Records
Jan 2, 2003
Sold
$110,000
$51/sq ft
Smart MLS #N197891
Nov 18, 2002
Listed
$109,900
$51/sq ft
Public Records
Oct 16, 1987
Sold
$144,500
$66/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$4,937 (+13.4%)
$27,300 + $105,700
$133,000
2022
$4,354 (+24.9%)
$27,300 + $97,020
$124,320
2021
$3,486 (+0.3%)
$22,820 + $57,260
$80,080
2020
$3,476 (+0.8%)
$22,820 + $57,260
$80,080
2019
$3,447 (−0.4%)
$22,820 + $57,260
$80,080
2018
$3,460 (+2.7%)
$22,820 + $57,260
$80,080
2017
$3,368 (−4.9%)
$22,820 + $57,260
$80,080
2016
$3,543 (+4.9%)
$25,550 + $63,700
$89,250
2014
$3,376 (−28.6%)
$25,550 + $63,700
$89,250
2011
$4,729
$36,500 + $91,000
$127,500
Tax history for 48 Pine St
Year
Property tax
Land + Additions
Assessment*
2023
$4,937 (+13.4%)
$27,300 + $105,700
$133,000
2022
$4,354 (+24.9%)
$27,300 + $97,020
$124,320
2021
$3,486 (+0.3%)
$22,820 + $57,260
$80,080
2020
$3,476 (+0.8%)
$22,820 + $57,260
$80,080
2019
$3,447 (−0.4%)
$22,820 + $57,260
$80,080
2018
$3,460 (+2.7%)
$22,820 + $57,260
$80,080
2017
$3,368 (−4.9%)
$22,820 + $57,260
$80,080
2016
$3,543 (+4.9%)
$25,550 + $63,700
$89,250
2014
$3,376 (−28.6%)
$25,550 + $63,700
$89,250
2011
$4,729
$36,500 + $91,000
$127,500
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
5
Baths
2
Stories
2
Lot width
—
Lot depth
—
Lot size
0.26 Acres
Year renovated
—
Sq. Ft.
2,176
Year built
1919
Style
Multi-Family (2-4 Unit)
County
New Haven County
APN
1175005
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 13, 2023.
R-2
Two- or Three-Family Residential District
The purpose of this district shall be to provide areas for several types of housing in a medium-density environment with access to a range of community services and transportation.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Infrastructure
Public service
Educational/school
Park & open space
Property details
Parking
Garage Information
Garage & Parking: Detached Garage
Garages Number: 4
Interior
Interior Information
Total Rooms: 10
Laundry Room Info: All Units Have Hook-Ups
Cooling System: Window Unit
Bathroom Information
# of Baths (Full): 2
Bedroom Information
Beds Total: 4
Room Information
Basement Description: Full
Has Attic
Attic Description: Walk-up
Multi-Unit Information
Total Rooms Multi Family: 10
Total Number of Units: 2
Exterior
Exterior Features
Roof Information: Asphalt Shingle
Exterior Siding: Vinyl Siding
Building Information
Foundation Type: Concrete
Construction Description: Frame
Property Information
Property Type: Multi-Family For Sale
Property Sub Type: 2 Family
Living Area SQFT Per Public Record: 2176
Financial
Assessments Information
Assessed Value: $133,000
Utilities
Utility Information
Water Source: Public Water Connected
Sewage System: Public Sewer Connected
Hot Water Description: 40 Gallon Tank
Heat Type: Hot Water
Heat Fuel Type: Natural Gas
Location
School Information
High School: Per Board of Ed
Elementary School: Per Board of Ed
Location Information
State: Connecticut
Directions: GPS Friendly
County: New Haven
Public facts
Beds: 5
Baths: 2.0
Sq. Ft.: 2,176
Stories: 2.0
Lot Size: 0.26 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1919
Year Renovated: —
County: New Haven County
APN: 1175005
Home facts updated by county records on Jul 13, 2023
Other
Documents & Disclosures
Supplement Count Public: 1
Around this home
Schools
Hanover School
Public PreK-5 • Assigned • 0.8mi
6/10
Lincoln Middle School
Public 6-8 • Assigned • 0.8mi
4/10
Orville H. Platt High School
Public 9-12 • Assigned • 0.9mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
5/10 Flood Factor
Estimated 22-32% chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 99° expected this year, 17 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
4/10 Air Factor
3 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Meriden, CT • 06451
Average low and high temperatures (°F)
32
19
35
20
51
32
60
41
68
50
80
60
84
65
80
59
76
55
64
45
52
36
38
23
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9 hours in
June and 4.4 hours in December, placing it below the
U.S. average for solar exposure.
9 hrs
4.4 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$410,000 – $496,000
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