Opportunity meets lifestyle in Milford! This side-by-side two-family property offers the rare combination of strong rental income, flexible living options, and close proximity to the shoreline. Whether you're an investor seeking reliable cash flow or a buyer looking to offset your mortgage with rental income, this property delivers. Featuring two units: a three-bedroom, one-and-a-half-bath currently generating $3,100 per month, and a one-bedroom, one-bath unit rented for $1,500 per month. Both units have private entrances, separate utilities, in-unit washer and dryers, and tenants pay all utilities except water and sewer, creating an efficient investment setup. With some cosmetic updates, there may also be an opportunity to further enhance the property and increase rental income over time. Situated on a generous 0.24-acre lot with off-street parking and an unfinished basement offering additional storage, the property provides both practicality and long-term upside. Existing leases are in place through April 2026 and September 2026, offering immediate and stable rental income. Just under a mile from Silver Sands State Park and Walnut Beach, and only a half mile to Post Road shopping, restaurants, and everyday amenities. Easy access to major commuting routes including I-95 further enhances the appeal. A rare opportunity to own a well-located multifamily property in one of Milford's most desirable shoreline communities.
Tenants on annual leases expiring 4/30/26 (3 bedroom) and 9/30/26 (1 bedroom).
Legal side-by-side two family. Great opportunity for buyer who wants an investment property with tenants in place. Tenants pay $2050 and $1350. month rent + utilities (propane gas and electricity). Propane tank is metered for each apartment. Owner pays for water, and grass cutting. Tenants take care of snow. Larger apartment has a total of 6 rooms, (3 bedrooms, 1 full + 1 half bath, deck off kitchen & Balcony of Master Bedroom, Smaller apartment has front entrance and a side entrance for access to backyard. Parking smack in front of entrance. Living-room, Kitchen with range, refrigerator and own washer/dryer. Large Bedroom with walking closet, bathroom with shower. Totally separate Townhouse with its own private entrance and side door to back yard. Has own driveway smack in front for parking. There is nothing else like it. Beautiful park like property in great location. Walk to school and shopping.
Total monthly rent: $3400, Insurance $1,331 year, Water; 610 year., grass cutting: $40.each. Approximate net income: $38,000
Smart MLS #170426770
Jan 31, 2022
Listing Removed
—
Aug 5, 2021
Listed
$475,000
$278/sq ft
Public Records
May 31, 2018
Sold
$295,000
$173/sq ft
Smart MLS #170064688
Jun 1, 2018
Sold
$290,000
$170/sq ft
May 31, 2018
Listing Removed
—
Apr 16, 2018
Pending
—
Apr 1, 2018
Contingent
—
Mar 19, 2018
Listed
$295,000
$173/sq ft
Smart MLS #170064694
Jun 1, 2018
Sold
$290,000
$170/sq ft
May 31, 2018
Listing Removed
—
Apr 16, 2018
Pending
—
Apr 1, 2018
Contingent
—
Mar 19, 2018
Listed
$295,000
$173/sq ft
Smart MLS #N10126945
May 15, 2016
Listing Removed
—
Apr 19, 2016
Listed
$309,900
$182/sq ft
Smart MLS #N10126761
May 15, 2016
Listing Removed
—
Apr 19, 2016
Listed
$309,900
$182/sq ft
Public Records
Nov 21, 1988
Sold
$160,000
$94/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$6,612 (+2.0%)
$94,940 + $148,410
$243,350
2022
$6,485 (+28.7%)
$94,940 + $148,410
$243,350
2021
$5,038
$56,280 + $125,920
$182,200
2020
$5,043 (−3.6%)
$56,280 + $125,920
$182,200
2019
$5,229 (+3.5%)
$56,280 + $125,920
$182,200
2018
$5,054 (−0.2%)
$56,280 + $125,920
$182,200
2017
$5,063 (+2.4%)
$56,280 + $125,920
$182,200
2016
$4,945 (+5.9%)
$56,280 + $121,340
$177,620
2013
$4,668
$56,280 + $121,340
$177,620
2011
$4,668
$56,280 + $121,340
$177,620
Public record
Beds
3
Baths
2.5
Stories
2
Lot width
—
Lot depth
—
Lot size
10,454 Sq. Ft.
Year renovated
—
Sq. Ft.
1,707
Year built
1942
Style
Multi-Family (2-4 Unit)
County
New Haven County
APN
1201140
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 13, 2023.
Property details
Interior
Interior Information
Total Rooms: 11
Laundry Room Info: Washer/Dryer All Units
Bathroom Information
# of Baths (Full): 2
# of Baths (Half): 1
Bedroom Information
Beds Total: 4
Room Information
Basement Description: Full, Unfinished
Multi-Unit Information
Total Rooms Multi Family: 11
Total Number of Units: 2
Exterior
Exterior Features
Roof Information: Asphalt Shingle
Exterior Siding: Wood
Lot Information
Lot Description: Treed, Level Lot
Building Information
Foundation Type: Concrete
Construction Description: Frame
Color: yellow
Property Information
Waterfront Description: Beach Rights
Property Type: Multi-Family For Sale
Property Sub Type: 2 Family
Living Area SQFT Per Public Record: 1707
Financial
Assessments Information
Assessed Value: $243,350
Utilities
Utility Information
Water Source: Public Water Connected
Sewage System: Public Sewer Connected
Hot Water Description: Tankless Hotwater
Heat Type: Hot Water
Heat Fuel Type: Propane
Fuel Tank Location: Above Ground
Location
School Information
High School: Per Board of Ed
Elementary School: Per Board of Ed
Location Information
State: Connecticut
Nearby Amenities: Basketball Court, Commuter Bus, Library, Medical Facilities, Playground/Tot Lot, Public Transportation, Shopping/Mall
Directions: GPS friendly.
County: New Haven
Public facts
Beds: 3
Baths: 2.5
Sq. Ft.: 1,707
Stories: 2.0
Lot Size: 10,454 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1942
Year Renovated: —
County: New Haven County
APN: 1201140
Home facts updated by county records on Jul 13, 2023
Other
Documents & Disclosures
Supplement Count Public: 3
Around this home
Schools
Pumpkin Delight School
Public PreK-5 • Assigned • 0.4mi
8/10
West Shore Middle School
Public 6-8 • Assigned • 0.9mi
7/10
Jonathan Law High School
Public 9-12 • Assigned • 0.2mi
6/10
Provided by GreatSchools
Historical weather
Milford, CT • 06460
Average low and high temperatures (°F)
36
23
38
24
50
34
59
43
67
53
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84
70
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63
74
60
66
49
55
39
41
27
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
94/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 18% for direct sun exposure in Milford. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.7 hrs
5.4 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$649,000 – $785,000
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