Property Description
Exceptional mixed-use investment opportunity in Middletown, with views of CT River and landmark Arrigoni Bridge. Offering strong in-place cash flow with immediate upside potential. Features six fully occupied residential apartments (2-1bds, 2-2bds, 2-3bds) plus two 1,600 square foot commercial garage/workshop spaces, creating strong stability. One commercial garage is currently leased, while the second vacant garage presents a compelling opportunity for an owner-user or investor seeking additional income. If you’re a contractor, workshop operator, have storage needs, or small business owner, the vacant commercial space (currently listed for rent) allows a buyer to occupy the space while offsetting ownership costs through the residential income stream. The residential apartments have been updated over time, have newer boilers/water heaters and offer a strong unit mix of one-, two-, and three-bedroom layouts with broad tenant appeal. Property features off-street parking, and excellent access to Route 9, downtown Middletown, shopping, restaurants, and commuter routes. * 8 total income-producing spaces * 6 fully leased residential apartments * 2 commercial garage/workshop units * One leased commercial space + one vacant 1,600 SF commercial unit * Owner-user opportunity (act soon before rented) * Minutes from Route 9 * Walk to downtown and Wesleyan – This is a rare, stable cash flow, turnkey opportunity!!!! Property to be conveyed in as-is condition.
Features
- Heating System:
- Other, Gas On Gas
- Cooling System:
- Window Unit
- Flooring:
- Vinyl, Wood
- Fireplaces Total:
- 0
- Parking Total Spaces:
- 0
- Location:
- Highway Access, Downtown
- Lot Description:
- Sloping Lot
- Water Source:
- Public Water Connected
Address Map
- Street:
- Portland
- Street Number:
- 13
- Floor Number:
- 0
- Longitude:
- W73° 20′ 53.1”
- Latitude:
- N41° 34′ 2.9”
MLS Addon
- Office Name:
- William Pitt Sotheby’s International Realty
- Agent Name:
- Sacha Armstrong
- List Agent MLSID:
- ARMSTROS
- List Office MLSID:
- 14038
- Tax Year:
- July 2025-June 2026
- Directions:
- per GPS
- HOA Fee Amount:
- $0
- Parcel Number:
- 1005938
- Property Tax:
- $13,932
- Zoning:
- MXI
Commercial For Sale
13 Portland, Middletown, 06457
0 Bedrooms
6 Bathrooms
9,890 Sqft
$1,300,000
Listing ID #24174579
Basic Details
- Property Type :
- Commercial For Sale
- Listing Type :
- For Sale
- Listing ID :
- 24174579
- Price :
- $1,300,000
- Bedrooms :
- 0
- Baths Total :
- 8
- Bathrooms :
- 6
- Half Bathrooms :
- 2
- Square Footage :
- 9,890 Sqft
- Year Built :
- 1900
- Lot Area :
- 0.26 Acre
- City:
- Middletown
- Zipcode:
- 06457
Agent info
RE/MAX Right Choice
43 South Main Street, Newtown CT 06470
- Ben Keeney
- View website
- 203-313-0013
- 866-886-0013
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