115 Franklin Street
Meriden, Connecticut 06450
- Beds
- 8
- Baths
- 3
- SqFt
- 2,796
- Acres
- 0.17
- Year Built
- 1880
- Property Type
- 3 Family
Matt Caiola
Luxury Real Estate Advisor
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About This Home
Great 3-Family Investment Opportunity in Meriden! Well-maintained 3-family home in a convenient Meriden location with easy access to major highways. The first-floor 2-bedroom unit is in immaculate condition, while the second and third floors each offer 3 bedrooms. The property features parking for at least 10 cars, a very clean basement, and an efficient gas heating system. All three units are currently rented, with rents well below today's market rates. The current tenants have been renting for over 10 years, providing excellent long-term rental history and stability .A fantastic opportunity for an investor looking for a solid multi-family property with significant potential to increase rental income!
Key Facts
- City/Town
- Meriden
- Neighborhood
- N/A
- Property / Style
- Multi-Family · Units on different Floors
- Year Built
- 1880
- Days on Market
- 0 days
- Beds
- 8
- Baths
- 3 full
- Living Area
- 2,796 sq ft
- Lot Size
- 0.17 acres
- Property Taxes
- $5,228 / Annually
Market Snapshot
The Meriden Market
Multi-Family · trailing 12 months
Active Listings
20
21 under contract
Median List Price
$427,450
20 active listings
Median Closed Price
$409,500
82 sales
Median Days on Market
52
20 active listings
Median $ / Sq Ft
$163
20 active listings
Sale-to-List Ratio
100.7%
82 sales
How this home compares
List Price
$499,900
vs $427,450 median
16.9% above median
Price / Sq Ft
$179
vs $163 median
9.8% above median
Days on Market
0 days
vs 52 days median
52 days fresher than median
Based on 20 active and 82 closed sales (trailing 12 mo) of multi-family in Meriden. Source: SmartMLS · As of August 20, 2026.
Location
115 Franklin Street, Meriden, Connecticut
Estimate Your Payment
Estimated Monthly Payment
Rates: Freddie Mac PMMS via FRED · Updated Aug 13, 2026per month
- Principal & Interest$2,573
- Property Taxes$436
- Insurance$167
- 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
- 3 Family
- Style
- Units on different Floors
- Year Built
- 1880
- New Construction
- No/Resale
- Living Area
- 2,796 sq ft
Schools
- Elementary
- Per Board of Ed
- High
- Francis T. Maloney
Interior
- Heating
- Hot Water
- Heat Fuel
- Natural Gas
- Cooling
- None
- Basement
- FullFull With Hatchway
Exterior & Lot
- Lot Size
- 0.17 acres
- Zoning
- R-3
- Waterfront Details
- Not Applicable
- Water Source
- Public Water Connected
- Sewer
- Public Sewer Connected
- Construction
- Vinyl Siding
- Roof
- Asphalt Shingle
- Foundation
- Concrete
- Lot Description
- City Views
Listing & Financials
- Property Taxes
- $5,228 / Annually
- Days on Market
- 0
- MLS #
- 24200668
- MLS Status
- Active
Similar Properties
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This information is believed to be accurate, but without warranty.
The IDX display contains information sourced from SmartMLS, Inc. as of 8/20/2026. 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 8/20/2026 at 7:25 PM UTC.