For sale

$1,300,000

13-15 Portland Street, Middletown, CT 06457

12beds

9,890sqft

:

$9,089/mo

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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.

114 days
219
3

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: $358,140
Annual tax amount: $14,612
Date on market: 5/27/2026

Estimated market value

Not available

Estimated sales range

Not available

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

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

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.

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Climate risks

Neighborhood: 06457

Getting around

82 / 100

Very Walkable

45 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

5/10
Macdonough School
Grades: K-5Distance: 0.2 mi
4/10
Beman Middle School
Grades: 7-8Distance: 1.9 mi
4/10
Middletown High School
Grades: 9-12Distance: 1.6 mi

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Connecticut
Middlesex County
Middletown
06457
13-15 Portland Street

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