For sale

$1,300,000

13-15 Portland Street, Middletown, CT 06457

12beds

9,890sqft

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Multi Family

Built in 1900

-- sqft lot

$-- Zestimate^®

$131/sqft

$-- HOA

What's special

Off-street parkingUpdates completed over time

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.

42 days

269

6

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 12
Bathrooms: 8
Full bathrooms: 6
1/2 bathrooms: 2

Heating

Gas on Gas

Cooling

Window Unit(s)

Appliances

Included: Gas Water Heater, Water Heater

Features

Basement: Full
Attic: None
Has fireplace: No

Interior area

Total structure area: 9,890
Total interior livable area: 9,890 sqft
Finished area above ground: 9,890

Property

Parking

Total spaces: 10
Parking features: Attached, Paved, On Street, Off Street
Attached garage spaces: 2
Has uncovered spaces: Yes

Features

Has view: Yes
View description: Water
Has water view: Yes
Water view: Water
Waterfront features: Walk to Water

Lot

Size: 0.26 Acres

Details

Parcel number: 1005938
Zoning: MXI

Construction

Type & style

Home type: MultiFamily
Architectural style: Units on different Floors,Units are Side-by-Side
Property subtype: Multi Family
Attached to another structure: Yes

Materials

Wood Siding
Foundation: Concrete Perimeter, Stone
Roof: Asphalt,Metal

Condition

New construction: No
Year built: 1900

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

HOA

Has HOA: No

Location

Region: Middletown

Financial & listing details

Price per square foot: $131/sqft
Tax assessed value: $349,620
Annual tax amount: $13,932
Date on market: 5/27/2026

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
5/27/2026	Listed for sale	$1,300,000$131/sqft
Source: Smart MLS #24178851 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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