9 Carey Ave · Moosup, CT 06374

$339,900

5 bd · 2.0 ba · 2,576 sqft · MultiFamily public records · 7 Days on market

Built 1930 0.36 ac lot $132/sqft · 26% below area Est $458k · 26% under

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Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +15.3/30.0
• ARV discount +15.0/15.0
• DSCR +4.7/10.0
• 1% rule +3.6/10.0
• Appreciation +3.4/10.0
• Livability +3.4/5.0
• Schools +2.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks MLS

Move in ready! The main house has been recently updated including updated paint, flooring and basement. Large colonial home with in-law apartment total over 2500 square feet. Main house has 3 bed/1 bath, inlaw 2 bed/1 bath. Main house with granite counters, stainless steel appliances and hardwood floors. Several addtional updates completed about 7 years ago including boiler, roof, windows, vinyl siding, and updated electrical. Schedule your showing today this home wont last!

Key facts

• Ample outdoor space
• Newer appliances
• Two family property

Tags

• TWO FAMILY PROPERTY
• QUIET DEAD END STREET
• UPDATED BATHROOM
• GRANITE COUNTERTOPS
• NEWER APPLIANCES
• AMPLE OUTDOOR SPACE

Property features AI

Exterior

• Parking: Unpaved off-street parking; Total of 8 parking spaces
• Utilities: Private well for water; Public sewer connection; Electric service (standard)
• Home design: Multi-family property (2-family)
• Construction: Frame construction; Stone foundation; Asphalt shingle roof; Vinyl siding
• Exterior features: Level lot; Porch; Shed

Interior

• Bedrooms: 5 bedrooms total
• Bathrooms: 2 full bathrooms
• Heating & cooling: Radiator heat (oil-fired); Oil tank located in the basement
• Interior features: 10 total rooms; Crawl space and partial, unfinished basement; All units have laundry hook-ups
• Laundry & utility: Laundry hook-ups in every unit; 30-gallon hot water tank

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/1.0-bath units multifamily listed at $340k.

Deal economics

• At list price, monthly cash flow is $124 ($1k/yr) — positive. Per door: $62/mo.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $294k (13.5% below list).
• Recommended offer: $294k (13.5% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 67/100 on livability (#113 in CT) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, cost of living A; Watch: employment D+, amenities F, commute F.
• Plainfield School District (town): math 24% / reading 41% proficiency, ranked #117 of 153 in CT (top 76%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 36 active listings in the ZIP; 149 units permitted in Northeastern Connecticut Planning Region in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $10k of value loss. Plan a longer hold.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 11 sale attempts since 28y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $270k; 26% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1930 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 62% chance of damaging wind over 30y — expect insurance premiums to compound above CPI over the hold.

Recommended offer $294,000 (13.5% below list)

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
3. Built in 1930 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.86% ✗
• Cap rate: 6.73%
• Cash-on-cash: 1.56%
• DSCR: 1.07
• GRM: 9.6

CMA / ARV

• ARV (median comp): $458,325
• List price: $339,900
• Delta: -25.84%
• Verdict: UNDERPRICED
• Comps: 9 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
10 Black Hill Rd	0.38mi	4/2.0 (-1)	2,700 (+5%)	8mo	$215,000	$80	62
47-49 E Main St	0.44mi	5/2.0	2,383 (-8%)	23mo	$407,000	$171	48

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -13.8%
• Equity multiple: 0.50×
• Total profit: $-47,239
• Equity at exit: $50,680

10-year hold

• IRR: -5.0%
• Equity multiple: 0.67×
• Total profit: $-31,174
• Equity at exit: $29,388

Cash invested: $95,172 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 27 Tenant-Leaning
• State Connecticut: 27 Tenant-Leaning · D+7
• County: — inherits STATE
• City: — inherits STATE

Strong tenant statutes; rent commissions in some towns; courts slow especially in cities.

Methodology + full state rankings →

ZIP-level market 06374

• Home prices YoY: -1.0%
• Active inventory: 36
• Price-to-rent: 19.3×

Monthly cashflow live

• Estimated rent: $2,940 medium
• Mortgage (P&I): −$1,782
• Tax from tax record: −$275 /mo · $3,296/yr
• Insurance: −$142
• HOA: −$0
• Vacancy / Maint / Mgmt: −$617
• Net cashflow: $124

Break-even live

Break-even rent $2,783

Max offer price $339,900

Occupancy floor 91%

Sensitivity live

Price	-10% $316	-5% $220	+0% $124	+5% $28	+10% $-69
Rent	-10% $-108	-5% $8	+0% $124	+5% $240	+10% $356
Rate	-1.0pp $295	-0.5pp $210	base $124	+0.5pp $36	+1.0pp $-54

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$2,940
Total (2 units)			$2,940

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $84,975
• Closing costs: $10,197
• Reserves months: —
• Total cash needed: —

Listing history 26 events

1. 2026-05-14
   listed $339,900 Active 1017-char remark
2. 2022-03-28
   soldstatus $270,000
3. 2022-03-25
   soldstatus $270,000 Closed 479-char remark

   Show marketing remark (479 chars)

   Move in ready! The main house has been recently updated including updated paint, flooring and basement. Large colonial home with in-law apartment total over 2500 square feet. Main house has 3 bed/1 bath, inlaw 2 bed/1 bath. Main house with granite counters, stainless steel appliances and hardwood floors. Several addtional updates completed about 7 years ago including boiler, roof, windows, vinyl siding, and updated electrical. Schedule your showing today this home wont last!

4. 2022-01-25
   historical Under Contract - Continue to Show 479-char remark

   Show marketing remark (479 chars)

   Move in ready! The main house has been recently updated including updated paint, flooring and basement. Large colonial home with in-law apartment total over 2500 square feet. Main house has 3 bed/1 bath, inlaw 2 bed/1 bath. Main house with granite counters, stainless steel appliances and hardwood floors. Several addtional updates completed about 7 years ago including boiler, roof, windows, vinyl siding, and updated electrical. Schedule your showing today this home wont last!

5. 2022-01-20
   listed $274,900 Active 479-char remark

   Show marketing remark (479 chars)

   Move in ready! The main house has been recently updated including updated paint, flooring and basement. Large colonial home with in-law apartment total over 2500 square feet. Main house has 3 bed/1 bath, inlaw 2 bed/1 bath. Main house with granite counters, stainless steel appliances and hardwood floors. Several addtional updates completed about 7 years ago including boiler, roof, windows, vinyl siding, and updated electrical. Schedule your showing today this home wont last!

6. 2021-12-06
   soldstatus $205,000 Closed

   Show marketing remark (393 chars)

   Large colonial home with in-law apartment total over 2500 square feet. Main house has 3 bed/1 bath, inlaw 2 bed/1 bath. Recently updated kitchen in main house with granite counters, stainless steel appliances and hardwood floors. Several updates completed about 6 years ago including boiler, roof, windows, vinyl siding, and updated electrical. Schedule your showing today this home wont last!

7. 2021-10-25
   status Active

   Show marketing remark (393 chars)

   Large colonial home with in-law apartment total over 2500 square feet. Main house has 3 bed/1 bath, inlaw 2 bed/1 bath. Recently updated kitchen in main house with granite counters, stainless steel appliances and hardwood floors. Several updates completed about 6 years ago including boiler, roof, windows, vinyl siding, and updated electrical. Schedule your showing today this home wont last!

8. 2021-10-09
   status Active

   Show marketing remark (393 chars)

   Large colonial home with in-law apartment total over 2500 square feet. Main house has 3 bed/1 bath, inlaw 2 bed/1 bath. Recently updated kitchen in main house with granite counters, stainless steel appliances and hardwood floors. Several updates completed about 6 years ago including boiler, roof, windows, vinyl siding, and updated electrical. Schedule your showing today this home wont last!

9. 2021-09-29
   historical Under Contract - Continue to Show

   Show marketing remark (393 chars)

   Large colonial home with in-law apartment total over 2500 square feet. Main house has 3 bed/1 bath, inlaw 2 bed/1 bath. Recently updated kitchen in main house with granite counters, stainless steel appliances and hardwood floors. Several updates completed about 6 years ago including boiler, roof, windows, vinyl siding, and updated electrical. Schedule your showing today this home wont last!

10. 2021-09-22
    listed $229,900 Active

    Show marketing remark (393 chars)

    Large colonial home with in-law apartment total over 2500 square feet. Main house has 3 bed/1 bath, inlaw 2 bed/1 bath. Recently updated kitchen in main house with granite counters, stainless steel appliances and hardwood floors. Several updates completed about 6 years ago including boiler, roof, windows, vinyl siding, and updated electrical. Schedule your showing today this home wont last!

11. 2015-04-20
    soldstatus $179,900
12. 2015-04-16
    soldstatus $179,900
13. 2015-03-16
    historical
14. 2015-03-12
    listed $179,900
15. 2014-06-05
    soldstatus $42,000
16. 2014-03-20
    soldstatus $38,850
17. 2014-02-13
    listed $41,000
18. 2010-07-01
    historical
19. 2008-10-15
    listed $99,000
20. 2000-03-31
    soldstatus $92,200
21. 2000-03-30
    soldstatus $92,200
22. 1999-12-11
    listed $89,900
23. 1999-11-09
    historical
24. 1999-08-09
    listed $89,900
25. 1999-03-01
    historical
26. 1998-09-01
    listed $89,900

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast CT · Partial reset (capped growth)

• Current annual tax: $3,296 · $275/mo
• Projected year-2 tax: $5,285 · $440/mo
• Expected delta: +$1,989/yr (+$166/mo · 60.3%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥95°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 62% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $35,280
• − Mortgage interest: −$19,040
• − Property taxes: −$3,296
• − Insurance: −$1,700
• − Repairs & maintenance: −$2,822
• − Management: −$2,822
• − Depreciation: −$9,888
• Taxable loss: −$4,288
• Est. tax savings @ 24.0%: +$1,029
• After-tax cash flow: $2,515/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Plainfield School District
• NCES district ID: 0903270
• Math proficiency: 24% ▼ -16.00%
• Reading proficiency: 41% ▼ -17.00%
• Median HH income: $62,056
• Composite: 29.36/100
• National rank: #6531
• State rank: #117 of 153 in CT

Livability — Moosup

• Score: 67/100
• State rank: #113
• US rank: #10397

Category grades

Amenities F Commute F Cost of living A Crime A+ Employment D+ Housing A+ Health & safety A User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 7,884

Population outlook (Northeastern Connecticut County) Hauer SSP2

• By 2040: 104,160

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Hispanic / Latino 6% Two or more races 4% Black 3%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2%
• Common ancestry: Lithuanian 18% Slovak 3% Romanian 3%
• Foreign-born: 4% · Canada
• Languages at home: 92% English-only · French/Haitian/Cajun 4% Spanish 2% Other Asian/Pacific 1%

Political lean MEDSL · Northeastern Connecticut

• 2024 margin: R (+15.4) · D 41.5% · R 57.0% · Other 1.5%
• All cycles: 2024: R+15.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -3.18%
• Current HPI: 311.7013
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 1.06%
• F500 in state: 38

Industry mix (Fortune 500 HQ in CT)

Industry	F500 HQs	Revenue
▸Industrial Machinery	4	$38B
▸Insurance	3	$71B
▸Financial Services	2	$25B
▸Transportation / Logistics	2	$18B
▸Healthcare	1	$247B
▸Telecommunications	1	$55B

Price history

+278.1% since first listed

27 events — show timeline

• 2026-05-21 Pending — Smart MLS
• 2026-05-14 Listed $339,900 Smart MLS
• 2022-03-28 Sold (Public Records) $270,000 Public Records
• 2022-03-25 Sold (MLS) $270,000 Smart MLS
• 2022-01-25 Contingent — Smart MLS
• 2022-01-20 Listed $274,900 Smart MLS
• 2021-12-06 Sold (MLS) $205,000 Smart MLS
• 2021-10-25 Relisted — Smart MLS
• 2021-10-09 Relisted — Smart MLS
• 2021-09-29 Contingent — Smart MLS
• 2021-09-22 Listed $229,900 Smart MLS
• 2015-04-20 Sold (Public Records) $179,900 Public Records
• 2015-04-16 Sold (MLS) $179,900 Smart MLS
• 2015-03-16 Listing Removed — Smart MLS
• 2015-03-12 Listed $179,900 Smart MLS
• 2014-06-05 Sold (Public Records) $42,000 Public Records
• 2014-03-20 Sold (MLS) $38,850 Smart MLS
• 2014-02-13 Listed $41,000 Smart MLS
• 2010-07-01 Listing Removed — Smart MLS
• 2008-10-15 Listed $99,000 Smart MLS
• 2000-03-31 Sold (Public Records) $92,200 Public Records
• 2000-03-30 Sold (MLS) $92,200 Smart MLS
• 1999-12-11 Listed $89,900 Smart MLS
• 1999-11-09 Listing Removed — Smart MLS
• 1999-08-09 Listed $89,900 Smart MLS
• 1999-03-01 Listing Removed — Smart MLS
• 1998-09-01 Listed $89,900 Smart MLS

Property tax history

-0.3%/yr

Latest (2022): $3,296 · -1.0% YoY. Source: county tax records.