480 Main Street, Middletown, Connecticut

$1,450,000

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8

Beds

10

Baths

13,837

Square feet

0.11

Acres

About 480 Main Street

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.

Features of 480 Main Street

MLS® # 24154266
Price $1,450,000
Bedrooms 8
Bathrooms 10.00
Full Baths 10
Square Footage 13,837
Acres 0.11
Type Multi-Family For Sale
Sub-Type 5 Family+
Style Other
Status Under Contract - Continue to Show

Community Information

Address 480 Main Street
Area N/A
City Middletown
County Middlesex
State Connecticut
Zip Code 06457

Amenities

Is Waterfront No
Waterfront Not Applicable
Has Pool No

Interior

Heating Steam, Oil
Cooling Window Unit
Fireplace No

Exterior

Exterior Brick
Lot Description Level Lot
Roof Flat
Foundation Concrete

School Information

Elementary Per Board of Ed
High Middletown

Additional Information

Date Listed February 13th, 2026
Days on Market 59
Zoning B-1
RE / Bank Owned No

Listing Details

Office
Century 21 AllPoints Realty

Listing Map

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