This home's estimate is 51.1% higher than the average sale price ($429K) of 6 comparable homes.
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- Sale & tax history
- Property details
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481 E Main St, Meriden, CT 06450
About this home
Lucrative Moneymaker with fantastic cash flow!!!! This 3 Family 5800 sf Queen Ann property is the investment you've been waiting for! Cash flows approx $45K annually! After property taxes and other expenses, property nets approx $30K per year! First floor would make great and convenient office space with exceptional visibility..... or live in one of the units and have the tenants pay your mortgage!!! All 3 apartments updated 2 years ago and are currently rented. New roof, new front porch, new fire rated doors to apartments. Separate utilities and separate washer/dryer hook-up in basement. Plenty of off street parking. 1 car garage could generate additional income if rented. Handicap accessible ramp to first floor. Additional land behind property with potential to build additional garages for extra income. Great tenants who want to stay. With 25% down, the Return on Investment is approximately 20%!!! Invest now and get the cash rolling in immediately!!
Redfin Estimate
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Market trends in 06450, CT
Last updated September 2026
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Sale history for 481 E Main St
$50/sq ft
$57/sq ft
$49/sq ft
$59/sq ft
$30/sq ft
$33/sq ft
$18/sq ft
Tax history for 481 E Main St
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Property details
Parking
- Garage Information
- Garage & Parking: Detached Garage
- Garages Number: 1
Interior
- Interior Information
- Laundry Room Info: Basement Hook-Up(s)
- Handicap Features: Ramps
- Cooling System: Window Unit
- Bathroom Information
- # of Baths (Full): 3
- # of Baths (Half): 2
- Bedroom Information
- Beds Total: 11
- Room Information
- Basement Description: Full With Hatchway
- Multi-Unit Information
- Unit Count: 3
- Total Number of Units: 3
Exterior
- Exterior Features
- Roof Information: Asphalt Shingle
- Exterior Siding: Vinyl Siding
- Lot Information
- Lot Description: Level Lot
- Building Information
- Foundation Type: Block
- Construction Description: Frame
- Property Information
- Property Type: Multi-Family For Sale
- Property Sub Type: 3 Family
- Living Area SQFT Per Public Record: 5580
Financial
- Assessments Information
- Assessed Value: $173,530
Utilities
- Utility Information
- Water Source: Public Water Connected
- Sewage System: Public Sewer Connected
- Hot Water Description: Electric
- Heat Type: Radiator
- Heat Fuel Type: Oil
- Fuel Tank Location: In Basement
Location
- School Information
- High School: Per Board of Ed
- Elementary School: Per Board of Ed
- Location Information
- State: Connecticut
- Directions: East Main St
- County: New Haven
Public facts
- Beds: 8
- Baths: 3.5
- Sq. Ft.: 5,396
- Stories: 2.0
- Lot Size: 0.77 acres
- Style: Multi-Family (2-4 Unit)
- Year Built: 1920
- Year Renovated: —
- County: New Haven County
- APN: 1181632
Other
- Documents & Disclosures
- Supplement Count Public: 1
Around this home
Schools
Public PreK-5 • Assigned • 0.3mi
Public 6-8 • Assigned • 1.4mi
Public 9-12 • Assigned • 0.8mi
Lifestyle
Provided by Walk Score and Local Logic
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.
Nearby similar homes
New listings for sale in 06450
Home values near 481 E Main St
| Address | Redfin Estimate |
|---|---|
3 Beds | 1.5 Baths | 1812 Sq. Ft. | $433,358 |
4 Beds | 1.5 Baths | 2126 Sq. Ft. | $362,359 |
| Address | Redfin Estimate |
|---|---|
3 Beds | 1.5 Baths | 1906 Sq. Ft. | $353,423 |
4 Beds | 3 Baths | 2768 Sq. Ft. | $470,447 |
| Address | Redfin Estimate |
|---|---|
3 Beds | 2 Baths | 2188 Sq. Ft. | $366,353 |
6 Beds | 2 Baths | 2432 Sq. Ft. | $458,993 |
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