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For sale by owner
  • $889,000

    54 Washington St, Middletown, CT 06457

    18beds
    --baths
    --sqft
    : 
    $6,397/mo
    Get pre-qualified
    Other
    Built in ----
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    Overview

    PERMIT IN HAND - READY TO BUILD! Located in the heart of Middletown and within walking distance of an abundance of downtown amenities, 54 Washington Street presents an exceptional redevelopment opportunity in a highly desirable location. Formerly home to the Italian American Club, this distinctive property offers both character and history while being fully positioned for its next chapter. The property has received zoning approval for conversion from a community/event space into 18 residential units, with additional space incorporated for a superintendent. A tremendous amount of the development work has already been completed. The property includes professionally engineered 18-unit build-out plans, along with stamped electrical and plumbing plans. With major building systems professionally designed, code-compliant, and permit-ready, a new owner can move directly toward the construction phase-eliminating much of the time, cost, and uncertainty typically associated with the planning and approval process. Adding even greater value, the Town has approved 18 parking spaces directly across the street, adjacent to the police station. For the savvy investor or developer seeking a residential conversion opportunity with approvals, plans, parking, and a prime downtown location already in place, 54 Washington Street offers a rare opportunity to step into a project that is truly ready to build.
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    Listed by:

    Property Owner (203) 415-1551

    This property is for sale by owner and Zillow, Inc. is displaying it at the owner's request. It is not subject to a listing agreement with Zillow, Inc. or its affiliates.

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 18

      Property

      Details
      • Parcel number: 1008616

      Construction

      Type & style
      • Home type: Other
      Condition
      • New construction: No

      Community & HOA

      Location
      • Region: Middletown

      Financial & listing details

      • Date on market: 11/2/2026

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,295/mo

        Price history

        DateEventPrice
        11/2/2026Listed for sale$889,000-4.9%
        Source: Owner Report a problem
        6/16/2026Listing removed$935,000
        Source: Smart MLS #24131159 Report a problem
        2/24/2026Price change$935,000-1.1%
        Source: Smart MLS #24131159 Report a problem
        12/15/2025Price change$945,000-21.3%
        Source: Smart MLS #24131159 Report a problem
        11/17/2025Price change$1,200,000-22.1%
        Source: Smart MLS #24131159 Report a problem
        10/6/2025Listed for sale$1,540,000
        Source: Smart MLS #24131159 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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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.
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        Climate risks

        Neighborhood: 06457

        Getting around

        91 / 100
        Walker's Paradise
        47 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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