Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
12 Beds
8 Baths
9,890 sqft

$1,300,000

13-15 Portland Street, Middletown CT, 06457

Price per sqft$131.45
Built in1900
Property size9,890 sqft
Property typeMulti-family

Overview

Active

Listed May 27, 2026

Updated 41h ago

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.

$8,649/mo

Est. mortgage payment based on a $1,300,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
24178851

Interior Features

Bedrooms
12
Bathrooms
8
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.26 Acres

Other Property Details

Taxes
$14,612
Tax Frequency
Annually
Garage
Yes
MLS provider logo

Listed by Sacha Armstrong with William Pitt Sotheby's International Realty (860) 538-7778

The IDX display contains information sourced from SmartMLS, Inc. as of 11/14/2026. This information is for personal, non-commercial use only and may not be used for any purpose other than identifying properties the viewer may be interested in purchasing. MLS data is generally considered reliable but is not guaranteed accurate by the MLS. Buyers are responsible for verifying all information and should conduct their own investigation or consult a professional. Some MLS data may have been provided by sources other than the listing agent. Unless stated in writing, the Broker/Agent has not verified information obtained from outside sources. The Broker/Agent may or may not have been the listing and/or selling agent, and cannot guarantee the accuracy of any property location shown on a map. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2026 SmartMLS, Inc. All rights reserved.

Data last updated on 11/14/2026 at 4:05 AM UTC.

Powered by Luxury Presence