$1,300,000

13-15 Portland Street, Middletown, CT 06457

  • 12 beds |
  • 8 baths |
  • 9,890 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1900
  • Property Lot Size Icon0.26acre lot
  • Property Parking Icon 2 car garage
  • Property Price Per Square Feet Icon $131/sqft
  • Property List Date Icon Listed 1 month ago

Property 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.

Listing Status:
Active
Date Added:
May 27, 2026
Data Last Updated:
June 27, 2026 at 12:50PM
Listing Office:
William Pitt Sotheby's International Realty : (860) 682-9991
Listing Agent:
Sacha Armstrong : (860) 538-7778
MLS ID:
24178851
  • Basement: Full
  • A/C: Window Unit
  • Heating: Gas on Gas
  • Fireplace: Fireplaces: 0
  • Style: Units on different FloorsUnits are Side-by-Side
  • Parking: Parking spaces: 10
  • Roofing: Asphalt ShingleMetal
  • County: Middlesex
  • Zoning: MXI1005938
  • Water: Public Water Connected
  • Sewer: Public Sewer Connected

This listing courtesy of Sacha Armstrong , William Pitt Sotheby's International Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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