For sale

$420,000

163 Pearl Street, Middletown, CT 06457

6beds

2,982sqft

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Multi Family

Built in 1900

-- sqft lot

$-- Zestimate^®

$141/sqft

$-- HOA

What's special

Turnkey multifamily investment opportunity in a desirable Middletown location! This fully remodeled property offers strong income potential with updated units featuring modern kitchens, renovated bathrooms, new flooring, and contemporary finishes throughout. The building has been well maintained and provides an excellent opportunity for investors seeking a low-maintenance asset with immediate cash flow. Conveniently located near downtown Middletown, shopping, restaurants, schools, parks, and major highways, making it attractive to tenants and ensuring long-term rental demand. Whether you're expanding your portfolio or acquiring your first investment property, this move-in-ready multifamily is an opportunity you won't want to miss. Being SOLD AS-IS.

6 days

412

17

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 2
Full bathrooms: 2

Heating

Radiator, Gas In Street

Cooling

Window Unit(s)

Appliances

Included: Gas Water Heater, Water Heater
Laundry: In Unit

Features

Basement: Full,Unfinished
Attic: Finished,Walk-up
Has fireplace: No

Interior area

Total structure area: 2,982
Total interior livable area: 2,982 sqft
Finished area above ground: 2,982

Property

Parking

Total spaces: 3
Parking features: Detached, Paved, Driveway
Garage spaces: 1
Has uncovered spaces: Yes

Lot

Size: 3,920 Square Feet
Features: Corner Lot

Details

Parcel number: 1003738
Zoning: MXR

Construction

Type & style

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

Materials

Vinyl Siding
Foundation: Concrete Perimeter
Roof: Asphalt

Condition

New construction: No
Year built: 1900

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Basketball Court, Health Club, Library, Park, Near Public Transport, Shopping/Mall

HOA

Has HOA: No

Location

Region: Middletown

Financial & listing details

Price per square foot: $141/sqft
Tax assessed value: $218,830
Annual tax amount: $8,512
Date on market: 7/1/2026

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
7/1/2026	Listed for sale	$420,000+133.3%$141/sqft
Source: Smart MLS #24188066 Report a problem
2/19/2023	Listing removed	--
Source: Zillow Rentals Report a problem
2/9/2023	Listed for rent	$1,800$1/sqft
Source: Zillow Rentals Report a problem
9/1/2021	Sold	$180,000-10%$60/sqft
Source: Public Record Report a problem
4/2/2015	Listing removed	$199,900$67/sqft
Source: William Raveis Real Estate #G10006991 Report a problem
12/1/2014	Listed for sale	$199,900+67.5%$67/sqft
Source: William Raveis Real Estate #G10006991 Report a problem
9/23/2009	Sold	$119,310-2.4%$40/sqft
Source: Smart MLS #N292926 Report a problem
8/16/2009	Price change	$122,300-5%$41/sqft
Source: Calcagni Associates #N292926 Report a problem
7/30/2009	Listed for sale	$128,700-2.9%$43/sqft
Source: Calcagni Associates #N292926 Report a problem
12/28/2001	Sold	$132,500$44/sqft
Source: Smart MLS #G271879 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$8,512 +5.7%	$218,830
2024	$8,053 +4.8%	$218,830
2023	$7,681 +24.6%	$218,830 +56.2%
2022	$6,163	$140,070
2021	$6,163 -0.5%	$140,070
2020	$6,191 -0.5%	$140,070
2019	$6,219 +1.6%	$140,070
2018	$6,121 -6.1%	$140,070 -8.9%
2017	$6,519 +7.1%	$153,750
2015	$6,089 -1%	$153,750
2014	$6,150 +5.7%	$153,750 -10.7%
2013	$5,818 +3.4%	$172,140
2012	$5,629 +3.5%	$172,140
2011	$5,440 -0.9%	$172,140
2010	$5,491 +4.6%	$172,140
2009	$5,250 +19.6%	$172,140
2008	$4,390 +0.6%	$172,140 +50.7%
2007	$4,363 +1.3%	$114,220
2006	$4,306 +5.6%	$114,220
2005	$4,078 +6.3%	$114,220
2004	$3,838 +2.5%	$114,220
2003	$3,746	$114,220

Find assessor info on the county website

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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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