48 Pine St Meriden, CT 06451
Estimated payment $2,231/month
Highlights
- Attic
- Hot Water Circulator
- Hot Water Heating System
About This Home
48 Pine St is a fully renovated two-family property that presents an outstanding investment opportunity. Both units have been completely updated and are currently occupied by long-standing, reliable tenants, providing immediate and consistent rental income. The property also features ample off-street parking. This turn-key property has a strong rental history and is ideal for investors looking to expand their portfolio with minimal upfront work. With separate utilities and modern upgrades, management is simplified and future maintenance is reduced. Conveniently located near shopping, dining, and major routes, this home offers both stability and long-term upside potential.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,042
Year Built
- Built in 1919
Lot Details
- 0.26 Acre Lot
Parking
- 4 Car Garage
Home Design
- Concrete Foundation
- Frame Construction
- Asphalt Shingled Roof
- Vinyl Siding
Interior Spaces
- 2,176 Sq Ft Home
- Basement Fills Entire Space Under The House
- Walkup Attic
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Utilities
- Window Unit Cooling System
- Hot Water Heating System
- Heating System Uses Natural Gas
- Hot Water Circulator
Community Details
- 2 Units
Listing and Financial Details
- Assessor Parcel Number 1175005
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $5,122 | $133,000 | $27,300 | $105,700 |
| 2023 | $4,937 | $133,000 | $27,300 | $105,700 |
| 2022 | $4,354 | $124,320 | $27,300 | $97,020 |
| 2021 | $3,486 | $80,080 | $22,820 | $57,260 |
| 2020 | $3,476 | $80,080 | $22,820 | $57,260 |
| 2019 | $3,447 | $80,080 | $22,820 | $57,260 |
| 2018 | $3,460 | $80,080 | $22,820 | $57,260 |
| 2017 | $3,368 | $80,080 | $22,820 | $57,260 |
| 2016 | $3,460 | $89,250 | $25,550 | $63,700 |
| 2015 | $3,460 | $89,250 | $25,550 | $63,700 |
| 2014 | $3,376 | $89,250 | $25,550 | $63,700 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/28/2025 06/28/25 | Pending | -- | -- | -- |
| 06/25/2025 06/25/25 | For Sale | $340,000 | 0.0% | $156 / Sq Ft |
| 06/12/2025 06/12/25 | Pending | -- | -- | -- |
| 06/09/2025 06/09/25 | For Sale | $340,000 | +25.9% | $156 / Sq Ft |
| 09/27/2023 09/27/23 | Sold | $270,000 | 0.0% | $124 / Sq Ft |
| 09/11/2023 09/11/23 | Pending | -- | -- | -- |
| 09/08/2023 09/08/23 | For Sale | $269,900 | +115.9% | $124 / Sq Ft |
| 03/10/2021 03/10/21 | Sold | $125,000 | +19.0% | $57 / Sq Ft |
| 01/11/2021 01/11/21 | Pending | -- | -- | -- |
| 12/31/2020 12/31/20 | For Sale | $105,000 | 0.0% | $48 / Sq Ft |
| 01/11/2018 01/11/18 | Under Contract | -- | -- | -- |
| 01/07/2018 01/07/18 | Rented | $1,050 | 0.0% | -- |
| 11/28/2017 11/28/17 | Price Changed | $1,050 | +7.7% | $1 / Sq Ft |
| 11/13/2017 11/13/17 | For Rent | $975 | 0.0% | -- |
| 08/01/2017 08/01/17 | Under Contract | -- | -- | -- |
| 04/25/2017 04/25/17 | For Rent | $975 | 0.0% | -- |
| 03/29/2016 03/29/16 | Rented | $975 | 0.0% | -- |
| 03/29/2016 03/29/16 | Under Contract | -- | -- | -- |
| 11/19/2015 11/19/15 | For Rent | $975 | -7.1% | -- |
| 08/01/2015 08/01/15 | Rented | $1,050 | 0.0% | -- |
| 07/01/2015 07/01/15 | Under Contract | -- | -- | -- |
| 05/02/2015 05/02/15 | For Rent | $1,050 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $270,000 | None Available | |
| Warranty Deed | $270,000 | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $125,000 | None Available | |
| Warranty Deed | $125,000 | None Available | |
| Foreclosure Deed | -- | -- | |
| Foreclosure Deed | -- | -- | |
| Warranty Deed | $110,000 | -- | |
| Warranty Deed | $110,000 | -- | |
| Deed | $144,500 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $202,500 | Commercial | |
| Closed | $202,500 | Commercial | |
| Previous Owner | $195,000 | Commercial | |
| Previous Owner | $186,000 | Purchase Money Mortgage | |
| Previous Owner | $25,000 | No Value Available | |
| Previous Owner | $108,300 | Purchase Money Mortgage |
Source: SmartMLS
MLS Number: 24102809
APN: MERI-000602-000156-000044
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