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Multifamily Property with Basement
For Sale
Under Contract
$477,500

394 Main Street, Portland, CT 06480

Multi-Family For Sale, Units on different Floors, Portland, CT

Property Size2,866 SF
Lot Size0.47 Acres
Price / SF$166.61
Days on Market14

Property Features for 394 Main Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R10
Bedrooms 4
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 2, Bathroom 3, Basement, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 4
Fireplace 1
Basement Full
Lot features Lightly Wooded, Level Lot
Elementary school Per Board of Ed
High school Portland
Directions GPS Friendly
Standard status Active Under Contract
Size 2,866 SF
Lot size 0.47 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 6210

Utilities

Sewer type Public Sewer
Heating system Steam
Water source Public

Building Details

Year built 1850
Architectural style Other
Listing Agency: RE/MAX RISE · RE/MAX International
Listed By: Michael Albert
Added: Aug 31 Changed: Sep 12 Last Checked: Sep 13 at 6:06AM
MLS# 24203462

Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This multifamily property at 394 Main Street in Portland contains 2,866 square feet on a 0.47-acre parcel. The layout includes four bedrooms, three bathrooms, and a basement, with living areas arranged across different floors. Steam heat and a fireplace are among the existing building features. Constructed in 1850, the property offers an established residential structure with room for a range of household or income-producing configurations.

The property is served by public water and public sewer and is zoned R10. Its Portland setting places it near shopping, dining, schools, parks, and other area amenities, with access to surrounding communities and major commuter routes.

Key Highlights

  • 2,866‑square‑foot multifamily property on 0.47 acres
  • Four bedrooms and three bathrooms across different floors
  • Basement included

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Electrical Service Parking Lot & Garage Bakery (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

206
Businesses Nearby

Demographics for 06480, CT

9,365
Population
3,961
Households
2.4
Avg Household Size
45
Median Age
50%
College-Educated
92%
High-School Grad
23.2 sq mi
ZIP Area
404
Density / Sq Mi
$118,955
Median Household Income
$61,512
Median Earnings
$1,115
Median Rent
$305,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - Four-bedroom, three-bath property with flexible multi-floor living and public utilities.
Where is this multifamily property located?
The property is located at 394 Main Street Portland, CT.
What is the asking price?
The asking price for this property is $477,500.
What are key features of this property?
This property features: 2,866‑square‑foot multifamily property on 0.47 acres; Four bedrooms and three bathrooms across different floors; Basement included
More about this property
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