Welcome to 480 Main Street, Middletown - a rare investment opportunity in the heart of Downtown Middletown! This stunning brick mixed-use building blends timeless character with strong income-producing potential. Featuring 8 spacious residential units, each offering 900+ square feet, soaring ceilings, beautiful hardwood flooring, functional built-ins, and oversized layouts that tenants love. Seven of the Eight residential units have been updated, and many feature newer hot water heaters, helping minimize future capital expenses. The property is anchored by two commercial storefronts, including a 3,100 SF space and a 1,100 SF (long-term tenant). Commercial tenants contribute approximately 40% of CAM expenses, creating additional value for ownership. Featuring classic brick construction, a well-maintained roof, and a prime downtown location, 480 Main Street offers a rare blend of character, stability, and investment potential. Located just steps from restaurants, shopping, and entertainment, this is an excellent opportunity to own a standout mixed-use asset in the heart of Middletown Property is also listed as Commercial -- MLS # 24184246
For sale
$1,300,000
480 Main Street, Middletown, CT 06457
8beds
13,837sqft
Multi Family
Built in 1917
-- sqft lot
$1,279,200 Zestimate®
$94/sqft
$-- HOA
What's special
Classic brick constructionSoaring ceilingsOversized layoutsStunning brick mixed-use buildingBeautiful hardwood flooringNewer hot water heatersFunctional built-ins
- 13 days |
- 387 |
- 26 |
Zillow last checked:
Listing updated:
Listed by:
Lisa Cozzi Team,
Lindy Hoyt (860)539-2730,
Century 21 AllPoints Realty 860-263-2121
Source: Smart MLS,MLS#: 24182655
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 10
- Full bathrooms: 8
- 1/2 bathrooms: 2
Heating
- Steam, Oil
Cooling
- Window Unit(s)
Appliances
- Included: Water Heater
- Laundry: None
Features
- Basement: Full,Unfinished
- Attic: None
Interior area
- Total structure area: 13,837
- Total interior livable area: 13,837 sqft
- Finished area above ground: 13,837
Property
Lot
- Size: 4,791 Square Feet
- Features: Level
Details
- Parcel number: 1007661
- Zoning: B-1
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
- Brick
- Foundation: Concrete Perimeter
- Roof: Flat
Condition
- New construction: No
- Year built: 1917
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Middletown
Financial & listing details
- Price per square foot: $94/sqft
- Tax assessed value: $477,910
- Annual tax amount: $18,600
- Date on market: 6/15/2026
Estimated market value
$1,279,200
$1.22M - $1.34M
$2,428/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/15/2026 | Listed for sale | $1,300,000-10.3%$94/sqft |
Source: | ||
| 6/9/2026 | Listing removed | $1,450,000$105/sqft |
Source: | ||
| 5/27/2026 | Pending sale | $1,450,000$105/sqft |
Source: | ||
| 2/13/2026 | Listed for sale | $1,450,000+100%$105/sqft |
Source: | ||
| 1/30/2019 | Sold | $725,000+314.3%$52/sqft |
Source: Public Record Report a problem | ||
| 3/11/1997 | Sold | $175,000$13/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $18,591 +5.7% | $477,910 |
| 2024 | $17,587 +4.8% | $477,910 |
| 2023 | $16,775 +2.6% | $477,910 +28.6% |
| 2022 | $16,346 | $371,500 |
| 2021 | $16,346 -0.5% | $371,500 |
| 2020 | $16,420 -0.5% | $371,500 |
| 2019 | $16,495 +1.6% | $371,500 |
| 2018 | $16,235 +15.5% | $371,500 +12.1% |
| 2017 | $14,051 +7.1% | $331,380 |
| 2015 | $13,123 | $331,380 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.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.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 06457
Nearby schools
GreatSchools rating
- 5/10Farm Hill SchoolGrades: PK-5Distance: 1.8 mi
- 4/10Beman Middle SchoolGrades: 7-8Distance: 1.6 mi
- 4/10Middletown High SchoolGrades: 9-12Distance: 1.8 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Connecticut
- Middlesex County
- Middletown
- 06457
- 480 Main Street








