480 Main St, Middletown, CT 06457

$1,300,000
10
BA
13,837
SqFt

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List Price
$1,300,000
Status
ACTIVE
MLS#
24184246
Year Built
1917
Bathrooms
10
Living Area
13,837

Property Description

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

Additional Information

Taxes
$19,499
Heating
Steam
Cooling System Type
Ceiling Fan(s), Window/Wall
Water Source
Public
Parking Spaces
2

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Listing courtesy of Lindy Hoyt from Century 21 AllPoints Realty. (860) 539-2730 (860) 263-2121