53 Washington Street
Meriden, Connecticut 06451
Reduced from $650,000
- Beds
- 8
- Baths
- 5
- SqFt
- 3,825
- Acres
- 0.12
- Year Built
- 1900
- Property Type
- 5+ Family

Matt Caiola
Luxury Real Estate Advisor
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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
Active Listings
17
22 under contract
Median List Price
$450,000
17 active listings
Median Closed Price
$400,000
75 sales
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
Estimate Your Payment
Estimated Monthly Payment
Rates: Freddie Mac PMMS via FRED · Updated Jul 23, 2026per 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
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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.