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Listed price in listed location currency (USD).
$1,300,000

12810

MLS® 24178851

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size -
Garage Yes
Taxes $13,932
Days Active 6
Lot Size 
Approx. Age 1900
MLS® Number 24178851

Property Address: 13-15 Portland Street, Middletown, CT, 06457

Average square foot calculated using Size range provided by listing agent.

Description

Unique mixed-use opportunity in Middletown offering strong cash flow and flexible ownership potential. Property consists of a fully occupied 4-family, a fully occupied 2-family, and two 1, 600 SF commercial garage/workshop spaces all situated on one lot with views of the Connecticut River and Arrigoni Bridge. One commercial space is leased, while the second vacant garage offers ideal owner-user potential for contractors, storage, workshop space, or additional rental income. Projected 8.2% cap at current occupancy, with stabilization potential of approximately 9.4-9.8% upon lease of the 2nd garage. Residential units feature a desirable mix of 1-, 2-, and 3-bedroom layouts with updates completed over time, including newer boilers and water heaters. Off-street parking, minutes to Route 9, downtown Middletown, and walking distance to Wesleyan University. Property conveyed as-is.
MLS® Number24178851
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1900
BasementFull
DrivewayAttached Garage, Paved, On Street Parking, Off Street Parking
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 27, 2026List Date
$1,300,000List Price
  • Commute

Commute

Starting Address
Destination Address
13-15 Portland Street, Middletown, CT

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