For sale

$625,000

Est. $4,361/mo —

•

3,825

sq ft

53 Washington St, Meriden, CT 06451

About this home

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.

Multi-familyProperty Type

1900Year Built

5,227 sq ftLot Size

$163Price/Sq.Ft.

Listed by Justin Sudol • Alpha Capital Realty, LLC

Listed by Joseph Ireland • Alpha Capital Realty, LLC

Contact: Agent Attribution Contact: (203) 980-6412 | Office Attribution Contact: (860) 507-3394

Source:Smart MLS #24208753

Payment calculator

$4,361 per month

Principal and interest$3,539

Property taxes

$624

HOA dues

Home insurance

$198

Utilities

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Open houses

No upcoming open houses.

Nearby open houses (10)

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3 beds1 bath1,375 sq ft
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OPEN SUN, 12PM TO 2PM
$499,900
3 beds2 baths1,763 sq ft
172 Old Farms Rd, Southington, CT 06489
OPEN SUN, 12PM TO 2PM
$429,900
3 beds2 baths2,682 sq ft
517 Swain Ave, Meriden, CT 06450
OPEN SUN, 12PM TO 1:30PM
$259,900
2 beds1.5 baths1,564 sq ft
57 Meetinghouse Vlg #1, Meriden, CT 06450
OPEN SUN, 1PM TO 3PM
$399,900
3 beds2 baths2,766 sq ft
25 Booth Ter, Hamden, CT 06518
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OPEN SUN, 1PM TO 3PM
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Around this home

Schools

K - 12
Preschool & daycare

John Barry School

Public PreK-5 • Assigned • 0.3mi

7/10

Washington Middle School

Public 6-8 • Assigned • 1.4mi

4/10

Orville H. Platt High School

Public 9-12 • Assigned • 1.3mi

3/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Property details

Interior
Exterior
Finance

Interior features
23 total rooms
Full, unfinished basement with hatchway access

Bedrooms
8 total bedrooms

Bathrooms
5 full bathrooms

Laundry & utility
30-gallon natural gas hot water tank

Heating & cooling
Hot air heating
Natural gas heat

Sale and tax history for 53 Washington St

Sale History
Tax History

Year

Property tax

Land + Additions

Assessment*

2023

$7,392 (+6.0%)

$67,830 + $131,320

$199,150

2022

$6,974 (+30.6%)

$67,830 + $131,320

$199,150

2021

$5,339 (+0.3%)

$55,440 + $67,200

$122,640

2020

$5,324 (+0.8%)

$55,440 + $67,200

$122,640

2019

$5,281 (−0.4%)

$55,510 + $67,200

$122,710

2018

$5,302 (+2.7%)

$55,510 + $67,200

$122,710

2017

$5,161 (−10.1%)

$55,510 + $67,200

$122,710

2016

$5,739 (+5.0%)

$55,510 + $89,040

$144,550

2014

$5,468 (−28.6%)

$55,510 + $89,040

$144,550

2011

$7,659

$79,300 + $127,200

$206,500

Public record

Public record
Zoning

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

5,227 Sq. Ft.

Year renovated

—

Finished Sq. Ft.

3,825

Unfinished Sq. Ft.

—

Total Sq. Ft.

3,825

Year built

1900

Style

Multi-Family (5+ Unit)

County

New Haven County

APN

1167563

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

Climate risks

1/10 Flood Factor

Minimal risk 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 98° 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)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

87/ 100

Very good sunlight

Sunscore

This home receives average direct sun exposure in Meriden. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

9.1 hrs

5.2 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 53 Washington St

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Details provided by Smart MLS and may not match the public record. Learn more.

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