$1,450,000

480 Main Street, Middletown, CT 06457

  • 8 beds |
  • 10 baths |
  • 13,837 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1917
  • Property Lot Size Icon4,792sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $105/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Welcome to Main St in Middletown! This 10 Unit mixed use brick beauty is anchored by 2 established commercial tenants on the ground level and 8 massive (900+Sq Ft) one-bedroom residential units above- an incredible opportunity for a stabilized asset with additional room for growth in a highly competitive location and market! The long-term ground-floor commercial tenants provide reliable income and contribute substantial CAM payments, ensuring manageable operating expenses for ownership. Seven of the eight residential units have been modernized in recent years, with all tenants responsible for electric and hot water, maximizing net income. Significant value-add opportunity exists as current rents remain below market despite recent renovations. Multiple near-term lease expirations combined with strong comparable rents throughout the neighborhood support immediate, achievable income growth for a new owner! This asset is ideal for an investor seeking a stabilized mixed-use building with reliable income and a clear potential for growth and appreciation in a high-demand market.

Listing Status:
Active
Date Added:
February 13, 2026
Data Last Updated:
March 28, 2026 at 4:50AM
Listing Office:
Century 21 AllPoints Realty : (860) 263-2121
Listing Agent:
Lindy Hoyt : (860) 539-2730
MLS ID:
24154266
  • Basement: FullDirt Floor
  • A/C: Window Unit
  • Heating: SteamOil
  • Fireplace: Fireplaces: 0
  • Style: Other
  • Roofing: Flat
  • County: Middlesex
  • Zoning: B-11007661
  • Water: Public Water Connected
  • Sewer: Public Sewer Connected

This listing courtesy of Lindy Hoyt , Century 21 AllPoints Realty

Monthly Payment

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

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Location

Schools Nearby

M

Macdonough School

66 Spring St, Middletown, CT, 06457

Grades KG-5

0.41 miles away

W

Woodrow Wilson Middle School

370 Hunting Hill Ave, Middletown, CT, 06457

Grades 7-8

1.59 miles away

M

Middletown High School

200 La Rosa Ln, Middletown, CT, 06457

Grades 9-12

1.78 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.