The Kennedy Building

For Sale

71 Catlin St, Meriden, CT 06450

This Meriden property for sale is located at 71 Catlin St. The current listed sale price for The Kennedy Building is $15,950,000. The Kennedy Building is situated on a lot that is 2.41 acre in size.

Contacts

broker
Brad Balletto

Northeast Private Client Group

Property Details

  • Property Type Multi-Family
  • Property Size 129,073 SF
  • Units 138
  • Lot Size 2.41 Acre
  • Year Built 1918
  • Date Updated May 20, 2025
Meriden is located midway between New Haven (about 20 miles north) and Hartford (about 20 miles south). It is bounded by Berlin to the north, Middlefield to the east, Wallingford to the south, and Cheshire to the west. It is suburban while being in close proximity to New Haven and Hartford, which offers many city amenities, providing the best of both worlds.Northeast Private Client Group is pleased to exclusively present The Kennedy Building, a 138-unit value-add multifamily community located in Meriden, Connecticut. The Kennedy Building is a 5 and 6-story, elevatored building consisting of 135 residential units, including a mix of 44 studio apartments, 77 one-bedroom, one-bathroom apartments, 14 two-bedroom one-bathroom apartments, and three commercial suites with 129,073 square feet of gross building area set on 2.41 acres. The property was built in 1921, and since 2019 ownership has invested over $2,000,000 in capital improvements, including unit and common area upgrades, exterior/site repairs, roof, window, and parking lot replacement. The Kennedy Building provides immediate access to Interstates 691 & 91, Connecticut Routes 15 & 5, and the new Meriden Amtrak Train Station. The property is located directly on the newly redeveloped Meriden Green with walking trails and amphitheater, and is walking distance to downtown Meriden, and many local shopping and dining amenities. The Kennedy Building presents an ideal opportunity for investors looking to acquire a stable asset with significant upside potential in an outstanding location within a submarket with strong fundamentals. A new owner will have the opportunity to continue unit renovations to capture a proven premium in the market, while marking existing rents to market levels.
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Highlights

  • Exceptional Submarket Fundamentals
  • Immediate Access to Multiple Modes of Transportation
  • Outstanding Location
  • Significant Recent Capital Improvements
  • Value-Add Opportunity - $800,000+ in Upside

Getting around

  • 82/100

    Walk Score ®

  • 47/100

    Transit Score ®

  • 45/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Meriden, CT
  • Zip Code 06450
  • Market Bridgeport New Haven

Points of Interest

  • Berlin

    6.95 miles

  • ChargePoint

    0.18 miles

  • Citgo

    0.33 miles

  • USA Gas

    0.33 miles

  • Shell

    0.72 miles

  • Cumberland Farms

    0.76 miles

  • Irving

    0.80 miles

  • Petrex

    0.82 miles

  • H-H Gas

    0.87 miles

  • Mobil

    1.03 miles

  • Gulf

    1.38 miles

  • Meriden Station Commuter Parking

    0.18 miles

  • Meriden Station Garage

    0.30 miles

  • Connecticut Park and Ride

    0.79 miles

  • Car Parking

    2.97 miles

  • Comfort Inn

    1.45 miles

  • Extended Stay America

    1.54 miles

  • Red Roof Inn

    1.63 miles

  • Meriden Inn

    1.78 miles

  • Hawthorn Suites by Wyndham Hartford Meriden

    1.89 miles

  • Colonial Inn & Suites

    2.06 miles

  • Four Points by Sheraton Meriden

    2.19 miles

  • Meriden Arms Motel

    2.47 miles

  • Welcome Inn

    2.69 miles

  • Elwood Motel

    2.76 miles

  • C-Town

    0.33 miles

  • Stop & Shop

    0.47 miles

  • Save-A-Lot

    0.84 miles

  • Macy's

    0.98 miles

  • Westfield Meriden

    1.01 miles

  • Boscov's

    1.08 miles

  • TJ Maxx

    1.10 miles

  • Target

    1.40 miles

  • Ocean State Job Lot

    1.96 miles

  • Burlington

    2.13 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Brad Balletto

Northeast Private Client Group

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