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.

Facts and features

Schools

• John Barry School

  elementary · K-5 · 0.6 mi

  7

• Lincoln Middle School

  middle · 6-8 · 0.7 mi

  4

• Orville H. Platt High School

  high · 9-12 · 0.9 mi

  3

• St. Joseph School

  elementary · K-8 · 0.1 mi

• Stars-Meriden School District

  elementary · K-5 · 0.1 mi

• Community Classroom Collaborative

  high · 12 · 0.2 mi

Price history

• Nov 4, 2026 · Listed$399,000
• Nov 3, 2022 · Sold$145,000
• Oct 7, 2018 · Listing Removed—
• Jul 16, 2018 · Listed$200,000
• Jul 30, 2016 · Listing Removed$119,900
• Apr 27, 2016 · Price Changed$119,900
• Feb 10, 2016 · Listed$124,900

Tax history

• 2025$4,814 tax · $126,980 assessed
• 2023$4,713 tax · $126,980 assessed
• 2022$4,447 tax · $126,980 assessed
• 2021$4,074 tax · $93,590 assessed
• 2020$4,063 tax · $93,590 assessed
• 2018$4,044 tax · $93,590 assessed
• 2017$3,936 tax · $93,590 assessed
• 2016$3,827 tax · $96,390 assessed

Home value

$315,000

• Collateral Analytics$315,000
• Cotality$352,100
• Quantarium$304,131

Where it is