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13-15 Portland Street

Middletown, CT 06457

$1,300,000 PRICE
12 Beds
6/2 Baths
9,890 Sqft
0.26 Acres
1900 Built

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-Crockett
Realtor
M
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Additional Information

ADDITIONAL INFORMATION

ACRES: 0.26
BASEMENT DESCRIPTION: Full
GARAGE: Attached Garage, Paved, On Street Parking, Off Street Parking
GARAGE COUNT: 2
HIGH SCHOOL: Per Board of Ed
IS OCCUPIED?: Tenant
LIVING AREA SQFT: 9,890
PROPERTY TAX: $13,932
SEWER: Public Sewer Connected
STYLE: Units on different Floors, Units are Side-by-Side
TAX AMOUNT: $13,932
UNIT COUNT: 6
YEAR BUILT: 1900
YEAR BUILT DETAILS: Public Records
ZONING: MXI

INTERIOR FEATURES

AIR CONDITIONING: Window Unit
BEDS: 12
COOLING: Window Unit
FULL BATHS: 6
HALF BATHS: 2
HEAT: Gas on Gas
HOT WATER: Natural Gas, 30 Gallon Tank
ROOMS: 30
TOTAL BATHS: 8

EXTERIOR FEATURES

EXTERIOR SIDING: Wood
HOUSE COLOR: brown
ROOF: Asphalt Shingle, Metal

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Location for 13-15 Portland Street, Middletown, CT

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Sacha Armstrong-Crockett
Realtor
M

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Request More Info for 13-15 Portland Street, Middletown, CT

Sacha Armstrong-Crockett
Realtor
M

View My Profile

Schedule a Showing Best Day/Time

Yes, I would like more information from Sotheby's International Realty. Please use and/or share my information with a Sotheby's International Realty agent to contact me about my real estate needs.