Portland Street # Middletown, CT $ 1,100,000
Portland Street #
$ 1,100,000
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Portland Street #

Middletown, CT, 06457
$ 1,100,000
Bedrooms-- Baths1.0 Sq 5,176

Monthly Estimate*

$ 6,773

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Commercial Property for sale in Middletown, CT

for $1,100,000 with 1 full bath. This 5,176 square foot building was built in 1900 on a lot size of 0.25.

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.

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Commercial Active

Price

$ 1,100,000

Full Bath

1

Property Type

Commercial

Taxes

$ 8,719

Style

Lot Size

0.25

Year Built

1900

Town/City

Middletown

MLS | Web ID

24164387

Features
General
Zoning MXI
Neighborhood N/A
County Middlesex
Tax Year July 2025-June 2026
Location Highway Access Downtown Urban
Property Type Commercial For Sale
Status Active
Acres 0.25
Directions GPS Friendly
City Middletown
Sq Ft Total 5176
DOM 7
Year Built 1900
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Interior
Utilities Available Electric Gas
Cooling System None
Total Number of Units 5
Flooring Concrete Vinyl Wood
Total Rooms 0
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Exterior
Water Source Public Water In Street
Lot Description Level Lot
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* Excluded Features
List By
Jamie Smigel

Listing Agent

Carl Guild & Associates

Broker

jamiesmigel.ct@gmail.com

Email

Affordability Calculator

$7,499
Per Month
90%
10%
0%
Monthly Principal & Interest
$6,773
Monthly Property Taxes
$727
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/4/2026$1,100,000 Listed Price

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Portland Street #, Middletown, CT, 06457 is a Commercial Property for sale at $1,100,000 with 5,176 sqft and a lot size of 0.25. Portland Street # has 1.0 baths and was built in 1900. The property's zip code is 06457 which is in Middletown, CT