Multi-Family For Sale · Other
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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.
Listed by Sacha Armstrong (860) 538-7778 with William Pitt Sotheby's International Realty (860) 682-9991
Estimate only. Contact a lender for accurate figures.
Sacha Armstrong · (860) 538-7778
William Pitt Sotheby's International Realty · (860) 682-9991
MLS# 24178851 · Data provided by SmartMLS. Information deemed reliable but not guaranteed. Listing updated May 27, 2026 9:27 PM UTC
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13-15 Portland Street, Middletown CT, 06457
$1,300,000 • Active
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