13-15 Portland Street, Middletown, CT 06457
13-15 Portland Street, Middletown, CT 06457
13-15 Portland Street, Middletown, CT 06457
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Dawn Cabral

Dawn Cabral

+1(203) 228-7564
$1,300,000
Est. payment /mo
12 Beds
8 Baths
9,890 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 9,890 sqft

Price per Sqft $131

MLS Listing ID 24178851

Style Units on different Floors,Units are Side-by-Side

Bedrooms 12

Full Baths 6

Half Baths 2

Year Built 1900

Annual Tax Amount $13,932

Lot Size 0.260 Acres

Property Sub-Type Other

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.

Location

State CT

County Middlesex

Zoning MXI

Rooms

Basement Full

Interior

Heating Gas on Gas

Cooling Window Unit

Exterior

Parking Features Attached Garage, Paved, On Street Parking, Off Street Parking

Garage Spaces 2.0

Waterfront Description Walk to Water

Roof Type Asphalt Shingle,Metal

Building

Lot Description Water View

Foundation Concrete, Stone

Sewer Public Sewer Connected

Water Public Water Connected

Schools

Elementary Schools Per Board Of Ed

High Schools Per Board Of Ed

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Listed by Sacha Armstrong • William Pitt Sotheby's International Realty

 

Nearby Locations

 

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Dawn Cabral

Dawn Cabral

Owner/Broker

+1(203) 228-7564

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13-15 Portland Street