13-15 Portland Street
Middletown, CT 06457
$1,300,000
Unique mixed-use opportunity in Middletown offering strong cash flow and flexible ownership potential. Property consists of a fully occupied 4-family, a fully occupied 2-family, and two 1,600 SF commercial garage/workshop spaces all situated on one lot with views of the Connecticut River and Arrigoni Bridge. One commercial space is leased, while the second vacant garage offers ideal owner-user potential for contractors, storage, workshop space, or additional rental income. Projected 8.2% cap at current occupancy, with stabilization potential of approximately 9.4-9.8% upon lease of the 2nd garage. Residential units feature a desirable mix of 1-, 2-, and 3-bedroom layouts with updates completed over time, including newer boilers and water heaters. Off-street parking, minutes to Route 9, downtown Middletown, and walking distance to Wesleyan University. Property conveyed as-is.
| Listing Id: | 24178851 |
|---|---|
| List Price: | $1,300,000 |
| Property Type: | Multi Family |
| Property Sub Type: | Other |
| Status: | Active |
| Bank Owned Property: | No |
| Beds Total: | 12 |
| Baths Full: | 6 |
| Baths Half: | 2 |
| Living Area Sqft Per Public Record: | 9,890 |
| Property Tax: | $14,612 |
| Acres: | 0.26 |
| Style: | Units on different Floors,Units are Side-by-Side |
| Direct Waterfront Yn: | No |
| City: | Middletown |
| County: | Middlesex |
| Postal Code: | 06457 |
| Year Built: | 1900 |
| Total Number Of Units: | 6 |
| Acres Source: | Public Records |
| Agent Owner Yn: | No |
| Assessed Value: | $358,140 |
| Attic Yn: | No |
| Basement Description: | Yes |
| Basement Description: | Full |
| Baths Total: | 8 |
| Color: | brown |
| Comp Only Manual Yn: | No |
| Cooling System: | Window Unit |
| Current Price: | $1,300,000.00 |
| Directions: | GPS friendly |
| Display Fair Market Value Yn: | No |
| Elementary School: | Per Board of Ed |
| Exterior Siding: | Wood |
| Foundation Type: | Concrete, Stone |
| Garage & Parking: | Attached Garage, Paved, On Street Parking, Off Street Parking |
| Garages Number: | 2 |
| Heat Type: | Gas on Gas |
| High School: | Per Board of Ed |
| Home Owner's Assocation: | No |
| Hot Water Description: | Natural Gas, 30 Gallon Tank |
| Listing Contract Date: | 2026-05-27 |
| Lot Description: | Water View |
| Mil Rate Total: | $40.80 |
| Status: | Active |
| New Construction Type: | No/Resale |
| Occupied By: | Tenant |
| Original List Price: | $1,300,000 |
| Parcel Number: | 1005938 |
| Parking Total Spaces: | 10 |
| Possession Availability: | neogtiable |
| Potential Short Sale: | No |
| Preferred Phone: | (860) 538-7778 |
| Price: | $1,300,000 |
| Roof Information: | Asphalt Shingle, Metal |
| Sewage System: | Public Sewer Connected |
| Sign Yn: | Yes |
| Sq Ft Description: | 2 4/family homes or 4 family, 2 family and 2 commercial garages |
| Sq Ft Est Heated Above Grade: | 9,890 |
| Sq Ft Total: | 9,890 |
| Swimming Pool Yn: | No |
| Tax Year: | July 2026-June 2027 |
| Total Rooms: | 30 |
| Total Rooms Multi Family: | 30 |
| Under Agreement Yn: | No |
| Waterfront Description: | Walk to Water |
| Water Source: | Public Water Connected |
| Year Built Source: | Public Records |
| Zoning: | MXI |
Listing Courtesy of: William Pitt Sotheby's International Realty
Listing Agent: Sacha Armstrong
(860) 538-7778
Mortgage Calculator
© 2026 Smart MLS. All rights reserved. Information is deemed reliable but not guaranteed. MLS Disclaimer: Information deemed reliable but not guaranteed to be accurate.
Smart MLS Inc. data last updated on October 08, 2026 06:51 PM - ET
Property Last Updated: October 08, 2026 06:51 PM - ET
