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
  • Pending
Listed by: lindy hoyt, lisa cozzi(860) 539-2730
Office: century 21 allpoints realty(860) 263-2121
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...

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Home facts

  • Year built:1917
  • Listing ID #:24154266
  • Added:91 day(s) ago
  • Updated:May 16, 2026 at 11:27 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)
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