7 Linden Pl · Meriden, CT 06450

$450,000

6 bd · 2.0 ba · 1,904 sqft · MultiFamily public records · 2 Days on market

Built 1900 0.36 ac lot Est $421k · 7% over

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Why this score? — see what drove the D 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 +15.7/30.0
• DSCR +4.8/10.0
• ARV discount +4.4/15.0
• Livability +4.2/5.0
• 1% rule +3.9/10.0
• Schools +3.0/10.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks MLS

Welcome to 7 Linden Place, a beautiful multi-family home in Meriden, Connecticut. This property features two spacious units, each offering five rooms, including three bedrooms and one full bathroom, providing comfortable living arrangements. The home also includes a fully heated basement with washer and dryer machines accessible to the first-floor unit. Outside, the property boasts a large backyard area, with plenty of gardening space, perfect for outdoor enjoyment, along with a detached covered four-car garage and a private paved driveway that accommodates up to ten vehicles. it is partially fenced in and it has a beautiful stamp concrete patio for entertainment. Conveniently located near parks, shopping, dining, and major highways, this home offers both comfort and accessibility. Perfect for both owner occupied and investors. Just bring your BBQ, Gazebo and enjoy!

Key facts

• Partially fenced
• Large backyard area
• Stamp concrete patio

Tags

• FULLY HEATED BASEMENT
• LARGE BACKYARD AREA
• DETACHED COVERED GARAGE
• PRIVATE PAVED DRIVEWAY
• PARTIALLY FENCED
• STAMP CONCRETE PATIO

Property features AI

Finance

• Financial info: Multi-family investment property (2 units)

Exterior

• Parking: Attached garage; 4-car garage
• Utilities: Public water connected; Public sewer connected
• Home design: Multi-family 2-family property
• Construction: Frame and brick construction; Concrete and stone foundation; Asphalt shingle gable roof
• Exterior features: Level lot; Vinyl siding

Interior

• Bedrooms: 6 total bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Hot water heating; Natural gas heat
• Interior features: Partial and full basement
• Laundry & utility: All units have laundry hook-ups; 40-gallon hot water tank

What this means for you Summary

Snapshot

• This is a 6-bed/2.0-bath multifamily listed at $450k.

Deal economics

• At list price, monthly cash flow is $145 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $399k (11.3% below list).
• Recommended offer: $399k (11.3% below list) — sets the bar for 1% rule.
• Cap rate 6.8% vs local median 4.0% in Meriden — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 85/100 on livability (#4 in CT, #505 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, housing A+, health & safety A+.
• Meriden School District (suburban): math 27% / reading 41% proficiency, ranked #116 of 153 in CT (top 76%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 61% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Roger Sherman School (math 25% / reading 40%, grade F, #358 of 553 statewide, top 65%, 475 students, 84% FRL); Washington Middle School (math 31% / reading 42%, grade F, #118 of 175 statewide, top 68%, 622 students, 81% FRL); Francis T. Maloney High School (math 20% / reading 45%, grade F, #125 of 194 statewide, top 66%, 1,264 students, 71% FRL) — zoned schools average 78% FRL vs 61% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+1.6%/yr); 102 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 1,059 units permitted in South Central Connecticut Planning Region in 2024 (779 in 5+ unit buildings).
• At $3,992/mo this rent would consume 67% of the median local household income ($71k/yr) (locally 1516% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $14k of value loss. Plan a longer hold.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 24y 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.

Risks & watch-outs

• Watch-outs: flood insurance adds $56/mo; built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe flood risk; major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $399,200 (11.3% below list)

Questions for the listing agent

1. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.89% ✗
• Cap rate: 6.83%
• Cash-on-cash: 1.91%
• DSCR: 1.08
• GRM: 9.4

CMA / ARV

• ARV (on-the-fly): $420,784
• Comps found: 10

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
85 Twiss St	0.39mi	6/3.0	1,938 (+2%)	10mo	$475,000	$245	66
69 Putnam St	0.56mi	6/3.0	1,958 (+3%)	7mo	$440,000	$225	59
29 N Pearl St	0.50mi	7/2.0 (+1)	1,976 (+4%)	14mo	$415,000	$210	54
18 Hobart St	0.36mi	5/3.0 (-1)	2,093 (+10%)	5mo	$475,000	$227	53
74 Park St	0.33mi	6/2.0	1,632 (-14%)	9mo	$425,000	$260	53
50 Howe St	0.47mi	7/2.5 (+1)	2,008 (+6%)	13mo	$440,000	$219	52
117 Charles St	0.69mi	6/3.0	1,950 (+2%)	14mo	$260,000	$133	48
115 Wilcox Ave	0.68mi	5/2.0 (-1)	1,806 (-5%)	12mo	$400,000	$221	44
110 Franklin St	0.43mi	6/2.0	2,120 (+11%)	24mo	$405,000	$191	41
80 Willow St	0.73mi	5/2.0 (-1)	2,112 (+11%)	3mo	$285,000	$135	40

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 · 1.65% rent growth · sell at horizon

5-year hold

• IRR: -15.6%
• Equity multiple: 0.45×
• Total profit: $-69,066
• Equity at exit: $67,096

10-year hold

• IRR: -9.5%
• Equity multiple: 0.45×
• Total profit: $-69,662
• Equity at exit: $38,908

Cash invested: $126,000 (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 06450

• Rents YoY: 1.6%
• Active inventory: 102
• Price-to-rent: 18.8×

Monthly cashflow live

• Estimated rent: $3,992 high
• Mortgage (P&I): −$2,360
• Tax from tax record: −$406 /mo · $4,875/yr
• Insurance: −$188
• Flood insurance flood zone: −$56 /mo · $666/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$838
• Net cashflow: $145

Break-even live

Break-even rent $3,809

Max offer price $450,000

Occupancy floor 91%

Sensitivity live

Price	-10% $399	-5% $272	+0% $145	+5% $17	+10% $-110
Rent	-10% $-171	-5% $-13	+0% $145	+5% $302	+10% $460
Rate	-1.0pp $371	-0.5pp $259	base $145	+0.5pp $28	+1.0pp $-91

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

Units	Beds	Baths	Est. rent
▸ 2× units	3	1	$3,992
Total (2 units)			$3,992

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: $112,500
• Closing costs: $13,500
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
55 Liberty St Meriden, CT	5.0	3.0	2215	$2,900	$1.31	5d	1	0.54mi

Listing history 17 events

1. 2026-05-19
   status Under Contract
2. 2026-05-17
   listed $450,000 Active
3. 2025-05-14
   status Under Contract 878-char remark

   Show marketing remark (878 chars)

   Welcome to 7 Linden Place, a beautiful multi-family home in Meriden, Connecticut. This property features two spacious units, each offering five rooms, including three bedrooms and one full bathroom, providing comfortable living arrangements. The home also includes a fully heated basement with washer and dryer machines accessible to the first-floor unit. Outside, the property boasts a large backyard area, with plenty of gardening space, perfect for outdoor enjoyment, along with a detached covered four-car garage and a private paved driveway that accommodates up to ten vehicles. it is partially fenced in and it has a beautiful stamp concrete patio for entertainment. Conveniently located near parks, shopping, dining, and major highways, this home offers both comfort and accessibility. Perfect for both owner occupied and investors. Just bring your BBQ, Gazebo and enjoy!

4. 2025-05-09
   soldstatus $450,000 Closed 878-char remark

   Show marketing remark (878 chars)

   Welcome to 7 Linden Place, a beautiful multi-family home in Meriden, Connecticut. This property features two spacious units, each offering five rooms, including three bedrooms and one full bathroom, providing comfortable living arrangements. The home also includes a fully heated basement with washer and dryer machines accessible to the first-floor unit. Outside, the property boasts a large backyard area, with plenty of gardening space, perfect for outdoor enjoyment, along with a detached covered four-car garage and a private paved driveway that accommodates up to ten vehicles. it is partially fenced in and it has a beautiful stamp concrete patio for entertainment. Conveniently located near parks, shopping, dining, and major highways, this home offers both comfort and accessibility. Perfect for both owner occupied and investors. Just bring your BBQ, Gazebo and enjoy!

5. 2025-03-31
   historical Under Contract - Continue to Show 878-char remark

   Show marketing remark (878 chars)

   Welcome to 7 Linden Place, a beautiful multi-family home in Meriden, Connecticut. This property features two spacious units, each offering five rooms, including three bedrooms and one full bathroom, providing comfortable living arrangements. The home also includes a fully heated basement with washer and dryer machines accessible to the first-floor unit. Outside, the property boasts a large backyard area, with plenty of gardening space, perfect for outdoor enjoyment, along with a detached covered four-car garage and a private paved driveway that accommodates up to ten vehicles. it is partially fenced in and it has a beautiful stamp concrete patio for entertainment. Conveniently located near parks, shopping, dining, and major highways, this home offers both comfort and accessibility. Perfect for both owner occupied and investors. Just bring your BBQ, Gazebo and enjoy!

6. 2025-03-21
   listed $390,000 Active 878-char remark

   Show marketing remark (878 chars)

   Welcome to 7 Linden Place, a beautiful multi-family home in Meriden, Connecticut. This property features two spacious units, each offering five rooms, including three bedrooms and one full bathroom, providing comfortable living arrangements. The home also includes a fully heated basement with washer and dryer machines accessible to the first-floor unit. Outside, the property boasts a large backyard area, with plenty of gardening space, perfect for outdoor enjoyment, along with a detached covered four-car garage and a private paved driveway that accommodates up to ten vehicles. it is partially fenced in and it has a beautiful stamp concrete patio for entertainment. Conveniently located near parks, shopping, dining, and major highways, this home offers both comfort and accessibility. Perfect for both owner occupied and investors. Just bring your BBQ, Gazebo and enjoy!

7. 2024-08-28
   historical 386-char remark

   Show marketing remark (386 chars)

   2 Family House with 2-3 bedrooms,1 Full Bath in each unit. There is a paved parking lot w/ a 5-car detached garages w/ room to park another 5 cars. The garages will need some TLC before potentially renting them out for extra income. Property is located at the end of a Cul de Sac and is close to playgrounds, park, highways ( RTE 691), mall, medical facilities, library and restaurants.

8. 2024-08-27
   soldstatus $263,000 Closed 386-char remark

   Show marketing remark (386 chars)

   2 Family House with 2-3 bedrooms,1 Full Bath in each unit. There is a paved parking lot w/ a 5-car detached garages w/ room to park another 5 cars. The garages will need some TLC before potentially renting them out for extra income. Property is located at the end of a Cul de Sac and is close to playgrounds, park, highways ( RTE 691), mall, medical facilities, library and restaurants.

9. 2024-04-18
   status Under Contract 386-char remark

   Show marketing remark (386 chars)

   2 Family House with 2-3 bedrooms,1 Full Bath in each unit. There is a paved parking lot w/ a 5-car detached garages w/ room to park another 5 cars. The garages will need some TLC before potentially renting them out for extra income. Property is located at the end of a Cul de Sac and is close to playgrounds, park, highways ( RTE 691), mall, medical facilities, library and restaurants.

10. 2024-02-28
    status Active 386-char remark

    Show marketing remark (386 chars)

    2 Family House with 2-3 bedrooms,1 Full Bath in each unit. There is a paved parking lot w/ a 5-car detached garages w/ room to park another 5 cars. The garages will need some TLC before potentially renting them out for extra income. Property is located at the end of a Cul de Sac and is close to playgrounds, park, highways ( RTE 691), mall, medical facilities, library and restaurants.

11. 2024-01-24
    historical Under Contract - Continue to Show 386-char remark

    Show marketing remark (386 chars)

    2 Family House with 2-3 bedrooms,1 Full Bath in each unit. There is a paved parking lot w/ a 5-car detached garages w/ room to park another 5 cars. The garages will need some TLC before potentially renting them out for extra income. Property is located at the end of a Cul de Sac and is close to playgrounds, park, highways ( RTE 691), mall, medical facilities, library and restaurants.

12. 2023-12-18
    listed $310,000 Active 386-char remark

    Show marketing remark (386 chars)

    2 Family House with 2-3 bedrooms,1 Full Bath in each unit. There is a paved parking lot w/ a 5-car detached garages w/ room to park another 5 cars. The garages will need some TLC before potentially renting them out for extra income. Property is located at the end of a Cul de Sac and is close to playgrounds, park, highways ( RTE 691), mall, medical facilities, library and restaurants.

13. 2003-02-03
    soldstatus $116,000
14. 2003-02-03
    soldstatus $116,000
15. 2003-01-31
    soldstatus $116,000
16. 2002-10-01
    listed $119,900
17. 1987-05-01
    soldstatus $115,000

ⓘ 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: $4,875 · $406/mo
• Projected year-2 tax: $7,252 · $604/mo
• Expected delta: +$2,378/yr (+$198/mo · 48.8%)

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

Climate risk First Street

• 🌊 Flood 8/10 Severe FEMA zone X (unshaded) · 78% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥98°F today · 17 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $47,904
• − Mortgage interest: −$25,207
• − Property taxes: −$4,875
• − Insurance: −$2,916
• − Repairs & maintenance: −$3,832
• − Management: −$3,832
• − Depreciation: −$13,091
• Taxable loss: −$5,850
• Est. tax savings @ 24.0%: +$1,404
• After-tax cash flow: $3,138/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: Meriden School District
• NCES district ID: 0902400
• Math proficiency: 27% ▼ -8.00%
• Reading proficiency: 41% ▼ -6.00%
• Median HH income: $53,883
• Composite: 29.84/100
• National rank: #6413
• State rank: #116 of 153 in CT

Livability — Meriden

• Score: 85/100
• State rank: #4
• US rank: #505

Category grades

Amenities A+ Commute A Cost of living A- Crime A- Employment C Housing A+ Health & safety A+ User ratings C+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Meriden, CT
• County: New Haven County · 688,236 people
• City population: 60,545
• Metro: New Haven-Milford, CT
• Population (ZIP): 35,694
• Household income: $71,250
• Rent vs Own: 37.7% rent · 62.3% own
• Severe rent burden: 1516.0

Population outlook (South Central Connecticut County) Hauer SSP2

• By 2040: 608,362

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: White 51% Hispanic / Latino 36% Two or more races 16% Black 7% Asian 3%
• Hispanic origin (detail): Mexican 6% Puerto Rican 23% Dominican 3%
• Common ancestry: Romanian 8% Lithuanian 4% Scotch-Irish 2%
• Foreign-born: 10% · Canada, China, South Korea
• Languages at home: 70% English-only · Spanish 25% Russian/Polish/Slavic 1% Other Indo-European 1%

Political lean MEDSL · South Central Connecticut

• 2024 margin: Strong D (+20.1) · D 59.0% · R 38.9% · Other 2.1%
• All cycles: 2024: D+20.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -154.37%
• Current HPI: 263.7288
• Rent YoY: ▲ 1.65%
• Metro: New Haven-Milford, CT
• 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

+291.3% since first listed

17 events — show timeline

• 2026-05-19 Pending — Smart MLS
• 2026-05-17 Listed $450,000 Smart MLS
• 2025-05-14 Pending — Smart MLS
• 2025-05-09 Sold (MLS) $450,000 Smart MLS
• 2025-03-31 Contingent — Smart MLS
• 2025-03-21 Listed $390,000 Smart MLS
• 2024-08-28 Listing Removed — Smart MLS
• 2024-08-27 Sold (MLS) $263,000 Smart MLS
• 2024-04-18 Pending — Smart MLS
• 2024-02-28 Relisted — Smart MLS
• 2024-01-24 Contingent — Smart MLS
• 2023-12-18 Listed $310,000 Smart MLS
• 2003-02-03 Sold (Public Records) $116,000 Public Records
• 2003-02-03 Sold (Public Records) $116,000 Public Records
• 2003-01-31 Sold (MLS) $116,000 Smart MLS
• 2002-10-01 Listed $119,900 Smart MLS
• 1987-05-01 Sold (Public Records) $115,000 Public Records

Property tax history

-0.9%/yr

Latest (2023): $4,875 · +6.0% YoY. Source: county tax records.