Portland Street

Middletown, CT 06457 Directions
$1,100,000
  • 1Baths
  • 5,176Sqft
  • 0.25Acres
  • 1900Built
  • $213Price/Sqft

Property Highlights

  • Days on Market: 4
  • MLS: 24164387

Property Highlights

  • Days on Market: 4
  • MLS: 24164387

High-Yield Multi-Asset Investment Opportunity, CT | Positioned in Middletown, this rare, income-producing portfolio features two 2-family homes (4 total units), a 2, 898 sq ft workshop, and two additional land parcels-delivering multiple revenue streams and value-add potential. Each residential building offers approximately 1, 380 sq ft and has been capital-improved with new roofs, new windows, updated electrical, and modernized plumbing, significantly reducing near-term CapEx. All structures are connected to natural gas, enhancing operational efficiency and tenant appeal. * 4-unit rental configuration with strong, consistent income potential...

Property Highlights

  • Days on Market: 4
  • MLS: 24164387

High-Yield Multi-Asset Investment Opportunity, CT | Positioned in Middletown, this rare, income-producing portfolio features two 2-family homes (4 total units), a 2, 898 sq ft workshop, and two additional land parcels-delivering multiple revenue streams and value-add potential. Each residential building offers approximately 1, 380 sq ft and has been capital-improved with new roofs, new windows, updated electrical, and modernized plumbing, significantly reducing near-term CapEx. All structures are connected to natural gas, enhancing operational efficiency and tenant appeal. * 4-unit rental configuration with strong, consistent income potential * Additional monetization opportunity via the heated workshop (ideal for contractor lease, storage income, or owner use) * Two separate vacant parcels (.08 & .02 acres) create development or resale upside (buyer to perform due diligence) * Ability to increase rents to market for improved NOI and long-term appreciation. Situated on a combined .25-acre footprint, this asset offers flexibility to scale returns-whether through rent optimization, auxiliary income from the workshop, or future development of excess land. Ideal for investors seeking: * Cash flow + appreciation potential * Multiple exit strategies (hold, expand, or subdivide/sell parcels) Income-generating opportunity with built-in upside in a strong rental market.

High-Yield Multi-Asset Investment Opportunity, CT | Positioned in Middletown, this rare, income-producing portfolio features two 2-family homes (4 total units), a 2, 898 sq ft workshop, and two additional land parcels-delivering multiple revenue streams and value-add potential. Each residential building offers approximately 1, 380 sq ft and has been capital-improved with new roofs, new windows, updated electrical, and modernized plumbing, significantly reducing near-term CapEx. All structures are connected to natural gas, enhancing operational efficiency and tenant appeal. * 4-unit rental configuration with strong, consistent income potential * Additional monetization opportunity via the heated workshop (ideal for contractor lease, storage income, or owner use) * Two separate vacant parcels (.08 & .02 acres) create development or resale upside (buyer to perform due diligence) * Ability to increase rents to market for improved NOI and long-term appreciation. Situated on a combined .25-acre footprint, this asset offers flexibility to scale returns-whether through rent optimization, auxiliary income from the workshop, or future development of excess land. Ideal for investors seeking: * Cash flow + appreciation potential * Multiple exit strategies (hold, expand, or subdivide/sell parcels) Income-generating opportunity with built-in upside in a strong rental market.

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  • Additional Information
    • Acres: 0.25
    • Area Type: Highway Access, Downtown, Urban
    • Is Occupied?: Owner
    • Living Area SqFt: 5,176
    • Property Tax: $8,719
    • Road Frontage Description: Paved Road
    • Sewer: Public Sewer Connected
    • Tax Amount: $8,719
    • Unit Count: 5
    • Utilities Available: Electric, Gas
    • Year Built: 1900
    • Zoning: MXI
  • Interior Features
    • Flooring: Concrete, Vinyl, Wood
    • Full Baths: 1
    • Furnace Type: Gas In Street
    • Heat: Gas In Street
    • Heat Fuel: Gas In Street
    • Living SqFt Source: Public Records
    • Total Baths: 1
  • Exterior Features
    • Exterior Features: Storage Building,Sidewalk,Gutters,Lighting,Outside Storage Area
    • Roof: Asphalt Shingle, Metal

Listing Courtesy of Jamie Smigel of Carl Guild & Associates.

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