13 Portland Street,Middletown, CT 06457
Middletown, CT 06457
Description
Exceptional mixed-use investment opportunity in Middletown, with views of CT River and landmark Arrigoni Bridge. Offering strong in-place cash flow with immediate upside potential. Features six fully occupied residential apartments (2-1bds, 2-2bds, 2-3bds) plus two 1,600 square foot commercial garage/workshop spaces, creating strong stability. One commercial garage is currently leased, while the second vacant garage presents a compelling opportunity for an owner-user or investor seeking additional income. If you're a contractor, workshop operator, have storage needs, or small business owner, the vacant commercial space (currently listed for rent) allows a buyer to occupy the space while offsetting ownership costs through the residential income stream. The residential apartments have been updated over time, have newer boilers/water heaters and offer a strong unit mix of one-, two-, and three-bedroom layouts with broad tenant appeal. Property features off-street parking, and excellent access to Route 9, downtown Middletown, shopping, restaurants, and commuter routes. * 8 total income-producing spaces * 6 fully leased residential apartments * 2 commercial garage/workshop units * One leased commercial space + one vacant 1,600 SF commercial unit * Owner-user opportunity (act soon before rented) * Minutes from Route 9 * Walk to downtown and Wesleyan - This is a rare, stable cash flow, turnkey opportunity!!!! Property to be conveyed in as-is condition.
Details
| MLS # | 24174579 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1900 |
| Days On Site | 144 |
| Listing Provided By | William Pitt Sotheby's International Realty | Sacha Armstrong |
Features
| Bath(s) | 8 Total |
|---|---|
| SQ Feet | 9,890 |
| Units | 6 |
| Zoning | MXI |
| Acreage | 0.26 |
Interior
| Total Rooms | 0 |
|---|---|
| Cooling System | Window Unit |
Exterior
| Roof Information | Asphalt Shingle, Metal |
|---|---|
| Flooring | Vinyl, Wood |
Utilities
| Utilities Available | Electric, Gas |
|---|---|
| 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 |
| Listing VS Median (in 06457) | |
Price: $1,300,000 low | high Med: $220,000 sqft: 9,890 low | high Med: 760 $ / sqft: $131 low | high Med: $289 On site: 144 low | high Med: 34 | |
Market Activity 06457
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Learn More About This Property
| State | CT |
|---|---|
| County | Middlesex |
| City | Middletown |
| Zip Code | 06457 |
| Area | N | A |
| Listing VS Median (in 06457) | |
Price: $1,300,000 low | high Med: $220,000 sqft: 9,890 low | high Med: 760 $ / sqft: $131 low | high Med: $289 On site: 144 low | high Med: 34 | |
