$1,450,000

51 days on market

480 Main Street, Middletown,Middlesex, Connecticut, 06457
8
10
13,837 sqft

MLS® # 24154266

Description

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.

480 Main Street, Middletown

Explore

Home details

  • 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

Features

Beds & Baths
  • Total Beds

  • 8

  • Baths

  • 10

Heating & Cooling
  • Heating Type

  • Steam

  • Air Conditioning

  • Window Unit

  • Fireplaces

  • No

Basement
  • Type

  • Full,Dirt Floor

Exterior Features

Construction
  • Year Built

  • 1917

Construction Details
  • Foundation Type

  • Concrete

  • Roof Material

  • Flat

  • Exterior

  • Brick

Water & Sewer
  • Water Supply

  • Public Water Connected

  • Sewer

  • Public Sewer Connected

Legal
  • Brokerage

  • Century 21 AllPoints Realty

Sale History

Active

(51 days on market)

Viewing now

2026-02-12

Listed For Sale

$1,450,000

MLS® # 24154266

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Listed For Lease

MLS® # 24048939

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Listed For Lease

MLS® # 24076595

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Listed For Lease

MLS® # 24095445

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Listed For Lease

MLS® # 24134146

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Listed For Sale

MLS® # 24154052

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