51 days on market
MLS® # 24154266
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 reliable income and a clear potential for growth and appreciation in a high-demand market.
Category
Residential
Style
Multi-Family For Sale
Type
Other
Taxes / Year
$18,591 / July 2025-June 2026
Status
New
Days on Market
51 days ago
List Date
02/12/2026
Listing Updated On
03/10/2026
Year Built
1917
Total Beds
8
Baths
10
Heating Type
Steam
Air Conditioning
Window Unit
Fireplaces
No
Type
Full,Dirt Floor
Year Built
1917
Foundation Type
Concrete
Roof Material
Flat
Exterior
Brick
Water Supply
Public Water Connected
Sewer
Public Sewer Connected
Brokerage
Century 21 AllPoints Realty
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