$1,100,000

1 day on market

Portland Street, Middletown,Middlesex, Connecticut, 06457
1
5,176 sqft

MLS® # 24164387

Description

High-Yield Multi-Asset Investment Opportunity, CT | Positioned in Middletown, this rare, income-producing portfolio features two 2-family homes (4 total units), a 2,898 sq ft workshop, and two additional land parcels-delivering multiple revenue streams and value-add potential. Each residential building offers approximately 1,380 sq ft and has been capital-improved with new roofs, new windows, updated electrical, and modernized plumbing, significantly reducing near-term CapEx. All structures are connected to natural gas, enhancing operational efficiency and tenant appeal. * 4-unit rental configuration with strong, consistent income potential * Additional monetization opportunity via the heated workshop (ideal for contractor lease, storage income, or owner use) * Two separate vacant parcels (.08 & .02 acres) create development or resale upside (buyer to perform due diligence) * Ability to increase rents to market for improved NOI and long-term appreciation. Situated on a combined .25-acre footprint, this asset offers flexibility to scale returns-whether through rent optimization, auxiliary income from the workshop, or future development of excess land. Ideal for investors seeking: * Cash flow + appreciation potential * Multiple exit strategies (hold, expand, or subdivide/sell parcels) Income-generating opportunity with built-in upside in a strong rental market.

Portland Street, Middletown

Explore

Home details

  • Category

  • Commercial

  • Style

  • Commercial For Sale

  • Type

  • Other

  • Taxes / Year

  • $8,719 / July 2025-June 2026

  • Status

  • New

  • Days on Market

  • 1 days ago

  • List Date

  • 04/03/2026

  • Listing Updated On

  • 04/03/2026

  • Year Built

  • 1900

Features

Beds & Baths
  • Baths

  • 1

Heating & Cooling
  • Heating Type

  • Baseboard

  • Air Conditioning

  • None

  • Fireplaces

  • No

Exterior Features

Construction
  • Year Built

  • 1900

Construction Details
  • Foundation Type

  • Concrete

  • Roof Material

  • Asphalt Shingle,Metal

Water & Sewer
  • Water Supply

  • Public Water In Street

  • Sewer

  • Public Sewer Connected

Legal
  • Brokerage

  • Carl Guild & Associates

Sale History

Active

(1 day on market)

Viewing now

2026-04-03

Listed For Sale

$1,100,000

MLS® # 24164387

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