42 North 1st Street
Meriden, Connecticut 06451
- Beds
- 6
- Baths
- 2
- SqFt
- 2,272
- Acres
- 0.17
- Year Built
- 1890
- Property Type
- 2 Family
Matt Caiola
Luxury Real Estate Advisor
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About This Home
Excellent opportunity to add an income-producing two-family property to your investment portfolio. This multifamily property offers established tenancy, separate tenant-paid utilities, and the potential for increased income over time. Each unit is equipped with its own Navien heating system, installed in 2025, providing independent heating and added efficiency. Fully occupied with tenant paid utilities, this property offers an appealing investment opportunity with manageable operating expenses and future upside. Even more attractive, 42 N First St can be purchased individually or as a package with the neighboring property at 38 N First St, presenting a unique opportunity to acquire two adjoining multifamily properties and expand your investment portfolio.
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
- 6
- Baths
- 2 full
- Living Area
- 2,272 sq ft
- Lot Size
- 0.17 acres
- Property Taxes
- $4,814 / 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
$399,000
vs $399,900 median
In line with median
Price / Sq Ft
$176
vs $163 median
8.0% above 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
42 North 1st Street, Meriden, Connecticut
Estimate Your Payment
Estimated Monthly Payment
Rates: Freddie Mac PMMS via FRED · Updated Oct 29, 2026per month
- Principal & Interest$2,175
- Property Taxes$401
- Insurance$133
- 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
- 2,272 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
- 0.17 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
- Level Lot
Listing & Financials
- Property Taxes
- $4,814 / Annually
- Days on Market
- 0
- MLS #
- 24218314
- MLS Status
- Coming Soon
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 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.