This unique property presents an exceptional opportunity for both investors and owner-occupants seeking flexibility and income potential. The upper level offers a well-appointed two-bedroom, one-bath apartment filled with natural light-perfect for immediate occupancy or reliable rental income. On the first floor, a spacious layout that previously operated as a salon provides a blank canvas for transformation. With its size and configuration, it can be thoughtfully converted into a three-bedroom residential unit, creating a true two-family property. The flexibility here is a standout feature-convert the first floor to expand into a full two-unit residential property, or maintain the commercial space below while generating rental income above. This opens the door to a variety of strategies, from live/work setups to mixed-use investment potential. Located in a desirable area with excellent visibility and accessibility, the property also carries a unique edge, having been used as a filming location-adding character and distinction. Whether you're looking to expand your portfolio or secure a flexible living arrangement with income potential, this property offers a rare combination of adaptability and value.
For sale
Price cut: $76K (5/21)
$499,000
286 Marlborough Street, Portland, CT 06480
2beds
4,205sqft
Multi Family
Built in 1850
-- sqft lot
$491,200 Zestimate®
$119/sqft
$-- HOA
What's special
Spacious layout
- 100 days |
- 1,482 |
- 87 |
Zillow last checked:
Listing updated:
Listed by:
Robinson Team At Eagle Eye Realty,
Krob Robinson (860)810-2567,
Eagle Eye Realty PLLC 860-263-9102,
Co-Listing Agent: Steve Annecharico 860-965-7906,
Eagle Eye Realty PLLC
Source: Smart MLS,MLS#: 24162055
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Heating
- Hot Water, Electric
Cooling
- Window Unit(s)
Appliances
- Included: Electric Water Heater, Water Heater
Features
- Basement: Full
- Attic: Walk-up
- Has fireplace: No
Interior area
- Total structure area: 4,205
- Total interior livable area: 4,205 sqft
- Finished area above ground: 4,205
Video & virtual tour
Property
Parking
- Total spaces: 15
- Parking features: Paved, Parking Lot, Off Street
Lot
- Size: 1.11 Acres
- Features: Secluded, Level, Rolling Slope
Details
- Parcel number: 1032993
- Zoning: B2
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Units on different Floors
- Property subtype: Multi Family
Materials
- Vinyl Siding, Brick
- Foundation: Masonry, Stone
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1850
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Portland
Financial & listing details
- Price per square foot: $119/sqft
- Tax assessed value: $235,550
- Annual tax amount: $8,315
- Date on market: 4/1/2026
Estimated market value
Zestimate®
$491,200
Estimated sales range
$467,000 - $516,000
Rent Zestimate®
$2,172/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/21/2026 | Price change | $499,000-13.2%$119/sqft |
Source: | ||
| 4/1/2026 | Listed for sale | $575,000-11.4%$137/sqft |
Source: | ||
| 11/1/2025 | Listing removed | $649,000$154/sqft |
Source: | ||
| 7/29/2025 | Price change | $649,000-13.4%$154/sqft |
Source: | ||
| 7/15/2025 | Listed for sale | $749,000+248.4%$178/sqft |
Source: | ||
| 11/10/1997 | Sold | $215,000$51/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,315 -12.2% | $235,550 |
| 2024 | $9,467 +23.8% | $235,550 |
| 2023 | $7,646 +0.1% | $235,550 |
| 2022 | $7,641 +0.6% | $235,550 +8.6% |
| 2021 | $7,595 +1.8% | $216,930 |
| 2020 | $7,458 +1.7% | $216,930 |
| 2019 | $7,334 | $216,930 |
| 2018 | $7,334 +2.5% | $216,930 |
| 2017 | $7,154 +3.7% | $216,930 +1.7% |
| 2015 | $6,900 | $213,360 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Principal & interest
$1,547Mortgage insurance
$0Property taxes
$170Home insurance
$105HOA fees
$0Utilities
Not includedAll 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.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 06480
Nearby schools
GreatSchools rating
- NAValley View SchoolGrades: PK-1Distance: 0.6 mi
- 7/10Portland Middle SchoolGrades: 7-8Distance: 0.8 mi
- 5/10Portland High SchoolGrades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- Elementary: Gildersleeve
- Middle: Portland,Brownstone
- High: Portland
Source: Smart MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Connecticut
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- 06480
- 286 Marlborough Street