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Turn-Key Four-Unit Residential Income
For Sale
Contact for pricing
Pending

51 Spring St, Middletown, CT 06457

Turn-key quadplex with four one-bedroom units, off-street parking, and a detached garage for added income potential.

Property SizeContact for details
Days on Market143

Property Features for 51 Spring St

General Information

Standard status Pending
Property subtype Multifamily
Occupancy 100%

Additional Details

Business Included Yes
Multifamily Units 4
Listing Agency: Vanguard PCG
Listed By: Alex Opuszynski · License #CT REB.0793292
Source: Crexi
Added: Apr 12 Changed: Aug 8 Last Checked: Aug 29 at 5:09PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Vanguard PCG

Investment Insights

Based on property information with market context.

This turn-key four-unit residential income property features four spacious one-bedroom units with well-cared-for finishes. Flooring includes a combination of carpet/linoleum and hardwood. The property also has a full basement with hook-ups, and utilities are described as natural gas, city water and sewer, and separate electric.

The seller notes the home is located close to downtown schools, dining, and shopping, with walking distance to bus lines. Updates listed include roof, siding, and windows, and the owner paid for heat and hot water.

Additional on-site amenities include plenty of off-street parking and a one-car detached garage described as generating extra income. A separate electric service is indicated for the basement, supporting continued flexibility for the property configuration.

Key Highlights

  • Turn‑key quadplex with four one‑bedroom units
  • Off‑street parking plus a 1‑car detached garage
  • Lots of updates including roof, siding, and windows

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Carpet & Flooring Store Catering Service Computer & Electronic Repair Florist Butcher

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

4
Residential units
100%
Occupancy
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

1,473
Businesses Nearby

Demographics for 06457, CT

46,505
Population
22,138
Households
2.1
Avg Household Size
39
Median Age
41%
College-Educated
94%
High-School Grad
40.7 sq mi
ZIP Area
1,143
Density / Sq Mi
$74,003
Median Household Income
$48,240
Median Earnings
$1,392
Median Rent
$279,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Quadplex - Turn-key quadplex with four one-bedroom units, off-street parking, and a detached garage for added income potential.
Where is this quadplex located?
The property is located at 51 Spring St Middletown, CT.
What are key features of this property?
This property features: Turn‑key quadplex with four one‑bedroom units; Off‑street parking plus a 1‑car detached garage; Lots of updates including roof, siding, and windows
More about this property
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