13-15 Portland Street, Middletown, CT 06457

Middletown
Local realty services provided by:ERA Treanor Real Estate
13-15 Portland Street,Middletown, CT 06457
$1,300,000
  • 12 Beds
  • 8 Baths
  • 9,890 sq. ft.
  • Multi-family
  • Active
Listed by: sacha armstrong(860) 538-7778
Office: william pitt sotheby's international realty(860) 682-9991
MLS#:24178851
Source:CT

Price summary

  • Price:$1,300,000
  • Price per sq. ft.:$131.45

About this home

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.

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Home facts

  • Year built:1900
  • Listing ID #:24178851
  • Added:1 day(s) ago
  • Updated:May 28, 2026 at 04:47 AM

Rooms and interior

  • Bedrooms:12
  • Total bathrooms:8
  • Full bathrooms:6
  • Half bathrooms:2
  • Rooms Total:30
  • Basement Description:Full Basement
  • Living area:9,890 sq. ft.

Heating and cooling

  • Cooling:Window Unit
  • Heating:Gas on Gas

Structure and exterior

  • Roof:Asphalt Shingle, Metal
  • Year built:1900
  • Building area:9,890 sq. ft.
  • Lot area:0.26 Acres
  • Lot Features:Water View
  • Architectural Style:Units are Side-by-Side
  • Construction Materials:Wood

Schools

  • High school:Per Board of Ed
  • Elementary school:Per Board of Ed

Utilities

  • Water:Public Water Connected

Finances and disclosures

  • Price:$1,300,000
  • Price per sq. ft.:$131.45
  • Tax amount:$13,932 (July 2025-June 2026)

Parking

  • Total parking spaces:10
  • Parking description:Attached Garage, Off Street Parking, On Street Parking, Paved
  • Garage:Yes
  • Garage spaces:2
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