13-15 Portland Street,Middletown, CT 06457
Middletown, CT 06457
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.
Details
| MLS # | 24178851 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1900 |
| Days On Site | 132 |
| Listing Provided By | William Pitt Sotheby's International Realty | Sacha Armstrong |
Features
| Bed(s) | 12 |
|---|---|
| Bath(s) | 8 Total |
| SQ Feet | 9,890 |
| Garage | 2 |
| Basement | Y |
| Units | 6 |
| Zoning | MXI |
| Acreage | 0.26 |
Interior
| Total Rooms | 30 |
|---|---|
| Cooling System | Window Unit |
| Fireplaces Total | 0 |
Exterior
| Roof Information | Asphalt Shingle, Metal |
|---|---|
| Foundation Type | Concrete, Stone |
Parking
| Garage & Parking | Attached Garage, Paved, On Street Parking, Off Street Parking |
|---|---|
| Garages Number | 2 |
| Parking Total Spaces | 10 |
Utilities
| Sewage System | Public Sewer Connected |
|---|
Taxes
| Tax Year | July 2026-June 2027 |
|---|---|
| Property Tax | 14612 |
Area Information
| State | CT |
|---|---|
| County | Middlesex |
| City | Middletown |
| Zip Code | 06457 |
| Area | N | A |
| School District | Per Board of Ed |
| Elementary School | Per Board of Ed |
| High School | Per Board of Ed |
| Listing VS Median (in 06457) | |
Price: $1,300,000 low | high Med: $218,700 sqft: 9,890 low | high Med: 1,296 $ / sqft: $131 low | high Med: $169 On site: 132 low | high Med: 239 | |
Market Activity 06457
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| State | CT |
|---|---|
| County | Middlesex |
| City | Middletown |
| Zip Code | 06457 |
| Area | N | A |
| School District | Per Board of Ed |
| Elementary School | Per Board of Ed |
| High School | Per Board of Ed |
| Listing VS Median (in 06457) | |
Price: $1,300,000 low | high Med: $218,700 sqft: 9,890 low | high Med: 1,296 $ / sqft: $131 low | high Med: $169 On site: 132 low | high Med: 239 | |
 | $1,300,00013 Portland StreetMiddletown, CT 06457 |