38 North 1st Street
Meriden, Connecticut 06451
- Beds
- 4
- Baths
- 2
- SqFt
- 2,330
- Acres
- 0.14
- Year Built
- 1890
- Property Type
- 2 Family
Matt Caiola
Luxury Real Estate Advisor
Request a private showing and get Matt's read on price, condition, and next steps.
About This Home
Great opportunity for both owner-occupants and investors! This well-maintained two-family property offers the flexibility to live in one unit while generating rental income from the other. With the second-floor unit currently vacant, an owner-occupant can move right in and offset their mortgage with rental income from the first-floor unit. Both units have benefited from recent improvements, including fresh paint, updated flooring, general repairs, and attention to ensuring everything is in good working order. Both units feature gas heat, with tenants responsible for their own gas and electric utilities. Whether you're looking to owner-occupy, expand your investment portfolio, or add a two-family property to your holdings, this is an opportunity worth exploring. Can be purchased as a package with 42 N First St next door.
Key Facts
- City/Town
- Meriden
- Neighborhood
- N/A
- Property / Style
- Multi-Family · Units on different Floors
- Year Built
- 1890
- Days on Market
- 0 days
- Beds
- 4
- Baths
- 2 full
- Living Area
- 2,330 sq ft
- Lot Size
- 0.14 acres
- Property Taxes
- $4,718 / Annually
Market Snapshot
The Meriden Market
Multi-Family · trailing 12 months
Active Listings
19
19 under contract
Median List Price
$399,900
19 active listings
Median Closed Price
$415,000
89 sales
Median Days on Market
71
19 active listings
Median $ / Sq Ft
$163
19 active listings
Sale-to-List Ratio
101.6%
89 sales
How this home compares
List Price
$375,000
vs $399,900 median
6.2% below median
Price / Sq Ft
$161
vs $163 median
In line with median
Days on Market
0 days
vs 71 days median
71 days fresher than median
Based on 19 active and 89 closed sales (trailing 12 mo) of multi-family in Meriden. Source: SmartMLS · As of November 4, 2026.
Location
38 North 1st Street, Meriden, Connecticut
Estimate Your Payment
Estimated Monthly Payment
Rates: Freddie Mac PMMS via FRED · Updated Oct 29, 2026per month
- Principal & Interest$2,044
- Property Taxes$393
- Insurance$125
- 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
- Duplex
- Style
- Units on different Floors
- Year Built
- 1890
- New Construction
- No/Resale
- Living Area
- 2,330 sq ft
Schools
- Elementary
- Per Board of Ed
- High
- Per Board of Ed
Interior
- Heating
- Hot Water
- Heat Fuel
- Natural Gas
- Cooling
- None
- Basement
- FullFull With Hatchway
Exterior & Lot
- Lot Size
- 0.14 acres
- Zoning
- R-3
- Waterfront Details
- Not Applicable
- Water Source
- Public Water Connected
- Sewer
- Public Sewer Connected
- Construction
- Vinyl Siding
- Roof
- Asphalt Shingle
- Foundation
- ConcreteMasonry
- Lot Description
- Level Lot
Listing & Financials
- Property Taxes
- $4,718 / Annually
- Days on Market
- 0
- MLS #
- 24218310
- MLS Status
- Coming Soon
Similar Properties
Homes with a close match in area, property type, and price.
This information is believed to be accurate, but without warranty.
The IDX display contains information sourced from SmartMLS, Inc. as of 11/4/2026. 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 11/4/2026 at 5:25 PM UTC.