480 Main Street
Middletown, CT 06457
$1,300,000
Welcome to 480 Main Street, Middletown - a rare investment opportunity in the heart of Downtown Middletown! This stunning brick mixed-use building blends timeless character with strong income-producing potential. Featuring 8 spacious residential units, each offering 900+ square feet, soaring ceilings, beautiful hardwood flooring, functional built-ins, and oversized layouts that tenants love. Seven of the Eight residential units have been updated, and many feature newer hot water heaters, helping minimize future capital expenses. The property is anchored by two commercial storefronts, including a 3,100 SF space and a 1,100 SF (long-term tenant). Commercial tenants contribute approximately 40% of CAM expenses, creating additional value for ownership. Featuring classic brick construction, a well-maintained roof, and a prime downtown location, 480 Main Street offers a rare blend of character, stability, and investment potential. Located just steps from restaurants, shopping, and entertainment, this is an excellent opportunity to own a standout mixed-use asset in the heart of Middletown
| Listing Id: | 24182655 |
|---|---|
| List Price: | $1,300,000 |
| Property Type: | Multi Family |
| Property Sub Type: | 5 Family+ |
| Status: | Active |
| Bank Owned Property: | No |
| Beds Total: | 8 |
| Baths Full: | 8 |
| Baths Half: | 2 |
| Living Area Sqft Per Public Record: | 13,837 |
| Property Tax: | $19,499 |
| Acres: | 0.11 |
| Style: | Units on different Floors,Units are Side-by-Side |
| Direct Waterfront Yn: | No |
| City: | Middletown |
| County: | Middlesex |
| Postal Code: | 06457 |
| Year Built: | 1917 |
| Total Number Of Units: | 10 |
| Acres Source: | Public Records |
| Agent Owner Yn: | No |
| Assessed Value: | $477,910 |
| Attic Yn: | No |
| Basement Description: | Yes |
| Basement Description: | Full,Unfinished |
| Baths Total: | 10 |
| Comp Only Manual Yn: | No |
| Cooling System: | Window Unit |
| Current Price: | $1,300,000.00 |
| Directions: | GPS |
| Display Fair Market Value Yn: | Yes |
| Elementary School: | Per Board of Ed |
| Exterior Siding: | Brick |
| Foundation Type: | Concrete |
| Fuel Tank Location: | In Basement |
| Heat Fuel Type: | Oil |
| Heat Type: | Steam |
| High School: | Per Board of Ed |
| Home Owner's Assocation: | No |
| Hot Water Description: | Domestic |
| Laundry Room Info: | None |
| Listing Contract Date: | 2026-06-15 |
| Lot Description: | Level Lot |
| Mil Rate Total: | $40.80 |
| Status: | Active |
| New Construction Type: | No/Resale |
| Occupied By: | Tenant |
| Original List Price: | $1,300,000 |
| Parcel Number: | 1007661 |
| Possession Availability: | Immediate |
| Potential Short Sale: | No |
| Preferred Phone: | (860) 539-2730 |
| Price: | $1,300,000 |
| Remarks Public Addendum: | Property is also listed as Commercial -- MLS # 24184246 |
| Roof Information: | Flat |
| Sewage System: | Public Sewer Connected |
| Sign Yn: | No |
| Sq Ft Description: | Total |
| Sq Ft Est Heated Above Grade: | 13,837 |
| Sq Ft Total: | 13,837 |
| Swimming Pool Yn: | No |
| Tax Year: | July 2026-June 2027 |
| Total Rooms: | 31 |
| Total Rooms Multi Family: | 31 |
| Under Agreement Yn: | No |
| Waterfront Description: | Not Applicable |
| Water Source: | Public Water Connected |
| Year Built Source: | Public Records |
| Zoning: | B-1 |
Listing Courtesy of: Century 21 AllPoints Realty
Listing Agent: Lindy Hoyt
(860) 539-2730
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Smart MLS Inc. data last updated on October 08, 2026 06:45 PM - ET
Property Last Updated: October 08, 2026 06:45 PM - ET
