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13-15 Portland Street

Middletown, CT 06457
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Bed 12

Bed

Bath 8

Bath

SqFt9,890

Sqft

Acres0.26

Acre(Lot)

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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Detail Ic Property Details

Property Type : Residential Income

Price : $1,300,000

AD Id : 79405835

MLS Id : 24178851

Beds : 12

Lot Size : 0.26 Acre

Living Area Size : 9,890

Tax Amount : 14612.00

Year Built : 1900

Garage : 2

County : Middlesex

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Feature Features

  • Bedroom Information

    Total beds: 12

    Bathroom Information

    Total Baths: 8 Full Baths: 6 Half Baths: 2

    Room Information

    Rooms Total: 30 Has Basement: Yes Basement: Full
  • Roofing Information

    Asphalt, Metal
  • Interior Features

    Roof: Asphalt, Metal Appliances: Gas Water Heater
  • Heating & Cooling

    Has Cooling: Yes Cooling: Window Unit(s)

  • Building Information

    Year Built: 1900 Building Area Total: 9890 Construction Materials: Wood Siding, Block, Frame, Stone Private Pool: No View: Water

  • Lot Information

    Lot Size Acres: 0.26

  • Listing Price Information

    Listing Price: $1300000

  • Tax Information

    Parcel Number: 1005938 Annual Tax: $14612

  • Parking Information

    Parking Total: 10 Off Street, On Street, Paved, Attached

    Garage Information

    Has Garage: Yes Has Attached Garage: Yes Garage Space: 2

  • School Information

    Elementary School: Per Board of Ed
    Junior High School:
    Senior High School: Per Board of Ed
  • Location Information

    Direction: GPS friendly WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
Portland Street, Middletown, CT, 06457 $900,000 8 4 5,176 0.35 Acre
200 E Ridge Road, Middletown, CT, 06457 $365,000 2 2 1,654 0.23 Acre
227 E Main Street, Middletown, CT, 06457 $649,900 9 6 3,180 0.17 Acre
71 E Main Street, Middletown, CT, 06457 $419,000 9 5 3,110 0.15 Acre
108 High Street, Middletown, CT, 06457 $399,900 6 2 2,584 0.11 Acre
480 Main Street, Middletown, CT, 06457 $1,300,000 8 10 13,837 0.11 Acre
19 Portland Street, Middletown, CT, 06457 $299,000 5 2 1,760 0.08 Acre
18 Portland Street, Middletown, CT, 06457 $90,000 5 3 1,558 0.08 Acre
163 Pearl Street, Middletown, CT, 06457 $410,000 6 2 2,982 0.09 Acre
53 Spring Street, Middletown, CT, 06457 $364,900 5 3 2,418 0.09 Acre

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

ByOwner last updated this listing 09/04/2026 @ 15:12

MLS: 24178851 LISTED BY: Sacha Armstrong, William Pitt Sotheby's International Realty SOURCE: SmartMLS

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