480 Main Street, Middletown, CT 06457

Middletown
Local realty services provided by:ERA Key Realty Services
480 Main Street,Middletown, CT 06457
$1,450,000
  • 8 Beds
  • 10 Baths
  • 13,837 sq. ft.
  • Multi-family
  • Active
Listed by: lindy hoyt, lisa cozzi(860) 539-2730
Office: century 21 allpoints realty
MLS#:24154266
Source:CT

Price summary

  • Price:$1,450,000
  • Price per sq. ft.:$104.79

About this home

Welcome to Main St in Middletown! This 10 Unit mixed use brick beauty is anchored by 2 established commercial tenants on the ground level and 8 massive (900+Sq Ft) one-bedroom residential units above- an incredible opportunity for a stabilized asset with additional room for growth in a highly competitive location and market! The long-term ground-floor commercial tenants provide reliable income and contribute substantial CAM payments, ensuring manageable operating expenses for ownership. Seven of the eight residential units have been modernized in recent years, with all tenants responsible for electric and hot water, maximizing net income. Significant value-add opportunity exists as current rents remain below market despite recent renovations. Multiple near-term lease expirations combined with strong comparable rents throughout the neighborhood support immediate, achievable income growth for a new owner! This asset is ideal for an investor seeking a stabilized mixed-use building with...

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an ERA®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an ERA®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , CENTURY 21® , Coldwell Banker® , Corcoran® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1917
  • Listing ID #:24154266
  • Added:41 day(s) ago
  • Updated:March 20, 2026 at 11:33 AM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:10
  • Full bathrooms:10
  • Rooms Total:34
  • Basement Description:Dirt Floor, Full Basement
  • Living area:13,837 sq. ft.

Heating and cooling

  • Cooling:Window Unit
  • Heating:Steam

Structure and exterior

  • Roof:Flat
  • Year built:1917
  • Building area:13,837 sq. ft.
  • Lot area:0.11 Acres
  • Lot Features:Level Lot
  • Construction Materials:Brick

Schools

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

Utilities

  • Water:Public Water Connected

Finances and disclosures

  • Price:$1,450,000
  • Price per sq. ft.:$104.79
  • Tax amount:$18,591 (July 2025-June 2026)
The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 SmartMLS, Inc.

New listings near 480 Main Street