Sold for $520,000

$520,000

55 South Cherry Street, Wallingford, CT 06492

4beds

2,258sqft

Multi Family

Built in 1890

-- sqft lot

$544,800 Zestimate^®

$230/sqft

$1,934 Estimated rent

Home value

$544,800

$485,000 - $616,000

$1,934/mo

Zestimate^® history

Owner options

List your home for rent

$1,934/mo

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$1,934/mo

Rent Zestimate^®

Refinance and save

$3,768/mo

Est. payment

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$3,768/mo

Est. payment

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What's special

Do NOT miss your opportunity to own this fully occupied turnkey investment property. Take advantage of the Wallingford electric!!! This property is located minutes from the train station & downtown offering; public activities, walking trail, & tons of shopping, local restaurants, & easy access to highways. Public and private schools nearby. This location is well desired, and the property is looking for its new owner. Maximizing rental income on all four units will make this your newest cash cow. Tenants are month to month, perfect for living in one unit and benefiting off of the others. Come take a look today!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 4
Full bathrooms: 4

Heating

Gas on Gas, Hot Water, Natural Gas

Cooling

None

Appliances

Included: Water Heater

Features

Basement: Full
Attic: Walk-up
Has fireplace: No

Interior area

Total structure area: 2,258
Total interior livable area: 2,258 sqft
Finished area above ground: 2,258

Property

Lot

Size: 5,227 Square Feet
Features: Level

Details

Parcel number: 2046951
Zoning: Per Town in the Zoning field

Construction

Type & style

Home type: MultiFamily
Architectural style: Other
Property subtype: Multi Family

Materials

Vinyl Siding
Foundation: Block
Roof: Asphalt

Condition

New construction: No
Year built: 1890

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

HOA

Has HOA: No

Location

Region: Wallingford

Financial & listing details

Price per square foot: $230/sqft
Tax assessed value: $154,900
Annual tax amount: $4,749
Date on market: 2/17/2025

Price history

Date	Event	Price
5/1/2025	Sold	$520,000-5.3%$230/sqft
Source: Smart MLS #24074729 Report a problem
2/27/2025	Pending sale	$549,000$243/sqft
Source: William Raveis Real Estate, Mortgage & Insurance #24074729 Report a problem
2/17/2025	Listed for sale	$549,000$243/sqft
Source: William Raveis Real Estate, Mortgage & Insurance #24074729 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$5,642 +18.8%	$233,900 +51%
2024	$4,749 +4.5%	$154,900
2023	$4,545 +1%	$154,900
2022	$4,498 +1.8%	$154,900
2021	$4,418 +0%	$154,900 +13.5%
2020	$4,418 +10.9%	$136,500
2019	$3,984 +1.9%	$136,500
2018	$3,909 +0.3%	$136,500
2017	$3,897 +2.4%	$136,500
2016	$3,807 +1.7%	$136,500 +0.1%
2015	$3,744 +2.2%	$136,300
2014	$3,665 +2.5%	$136,300
2013	$3,574 +0.9%	$136,300
2012	$3,541 +3%	$136,300
2011	$3,437 -10.7%	$136,300 -14.7%
2010	$3,847 +4.6%	$159,740
2009	$3,677 +0.5%	$159,740
2008	$3,658 +3.9%	$159,740
2007	$3,522 +3.8%	$159,740
2006	$3,394 +26.3%	$159,740 +58.2%
2005	$2,687 +6%	$101,000
2003	$2,535 -0.2%	$101,000 +3%
2000	$2,540	$98,100