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53 Washington Street

Meriden, Connecticut 06451

ACTIVE$625,000

Reduced from $650,000

Beds
8
Baths
5
SqFt
3,825
Acres
0.12
Year Built
1900
Matt Caiola

Matt Caiola

Luxury Real Estate Advisor

MCMATT CAIOLALUXURY PROPERTIES
Higgins Group Private Brokerage

Request a private showing and get Matt's read on price, condition, and next steps.

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Price Reduced

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.

Key Facts

City/Town
Meriden
Neighborhood
N/A
Property / Style
Multi-Family · Units are Side-by-Side
Year Built
1900
Days on Market
68 days
Beds
8
Baths
5 full
Living Area
3,825 sq ft
Lot Size
0.12 acres
Property Taxes
$7,486 / Annually

Market Snapshot

The Meriden Market

Multi-Family · trailing 12 months

Median Days on Market

73

17 active listings

Median $ / Sq Ft

$163

17 active listings

Sale-to-List Ratio

101.0%

75 sales

How this home compares

List Price

$625,000

vs $450,000 median

38.9% above median

Price / Sq Ft

$163

vs $163 median

In line with median

Days on Market

68 days

vs 73 days median

5 days fresher than median

Based on 17 active and 75 closed sales (trailing 12 mo) of multi-family in Meriden. Source: SmartMLS · As of July 28, 2026.

Location

53 Washington Street, Meriden, Connecticut

Property + 12 nearby

Estimate Your Payment

Estimated Monthly Payment

Rates: Freddie Mac PMMS via FRED
$4,019

per month

  • Principal & Interest$3,187
  • Property Taxes$624
  • Insurance$208
  • HOA$0

Estimates only. Actual rates, taxes, insurance, and HOA fees vary. Consult a lender for current rates.

Location

City/Town
Meriden
Neighborhood
N/A
County
New Haven

Residence

Property Type
Multi-Family
Subtype
5 Family+
Style
Units are Side-by-Side
Year Built
1900
New Construction
No/Resale
Living Area
3,825 sq ft

Schools

Elementary
John Barry
Middle
Per Board of Ed
High
Orville H. Platt

Interior

Heating
Hot Air
Heat Fuel
Natural Gas
Cooling
None
Basement
FullUnfinishedHatchway Access

Exterior & Lot

Lot Size
0.12 acres
Zoning
R-2
Waterfront Details
Not Applicable
Water Source
Public Water Connected
Sewer
Public Sewer Connected
Flood Zone
No
Construction
Shingle
Color
Blue
Roof
Asphalt Shingle
Foundation
ConcreteStone
Exterior Features
Porch
Lot Description
Level Lot

Listing & Financials

Property Taxes
$7,486 / Annually
Days on Market
68
MLS #
24177238
MLS Status
Active

Similar Properties

Homes with a close match in area, property type, and price.

Listed By

Justin Sudol

(203) 980-6412

Alpha Capital Realty, LLC

(860) 507-3394

Co-Listed By

Joseph Ireland

Alpha Capital Realty, LLC

This information is believed to be accurate, but without warranty.

The IDX display contains information sourced from SmartMLS, Inc. as of 7/28/2026. This information is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or leasing. Data is deemed reliable but is not guaranteed accurate by the MLS, the listing broker, the listing agent, or Matt Caiola. Buyers and tenants should independently verify all information that matters to their decision.

Map locations may be approximate. Any offer of compensation, if applicable, is made only to participants of the MLS where the listing is filed. ©2026 Smart MLS, Inc. All rights reserved.

Data last updated on 7/28/2026 at 5:20 AM UTC.