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 |

