Mixed-Use Property with Workshop
13-15 Portland Street, Middletown, CT 06457
For Sale
$1,300,000
Residential units and commercial garage space share a single lot, with MXI zoning and views toward the Connecticut River and Arrigoni Bridge.
Property Size9,890 SF
Price / SF$131.45
Days on Market77
Property Features for 13-15 Portland Street
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Additional Details
Tenant in Place
Property Use
Amenities
30
Window Unit
Full
6
brown
Public Water Connected
Water View
Building Details
Year Built
Listing Agency:
William Pitt Sotheby's International Realty
(860) 682-9991
Listed By:
Sacha Armstrong · License CT RES.0804343
(860) 538-7778
Source:
Surfrealtyteam
Added: Aug 26
Changed: Nov 9
Last Checked: Nov 9 at 1:47PM
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 William Pitt Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This mixed-use property brings together six residential units and two commercial garage/workshop spaces on one lot. The residential component includes a four-family building and a two-family building, with one-, two-, and three-bedroom layouts. Updates have been made over time, including newer boilers and water heaters. The property was built in 1900 and has a reported size of 9,890 square feet. One commercial space is leased; the other is vacant. MXI zoning applies, and off-street parking is available.
The property has views of the Connecticut River and Arrigoni Bridge. Route 9 and downtown Middletown are minutes away, and Wesleyan University is within walking distance. The projected cap rate at current occupancy is 8.2%; leasing the vacant garage is associated with a stated stabilization range of approximately 9.4% to 9.8%. The property is offered as-is.
The property has views of the Connecticut River and Arrigoni Bridge. Route 9 and downtown Middletown are minutes away, and Wesleyan University is within walking distance. The projected cap rate at current occupancy is 8.2%; leasing the vacant garage is associated with a stated stabilization range of approximately 9.4% to 9.8%. The property is offered as-is.
Key Highlights
- Six residential units: one four‑family and one two‑family building
- Two 1,600 SF commercial garage/workshop spaces; one leased and one vacant
- Residential layouts include 1-, 2-, and 3‑bedroom units
Property Analytics
Current Use
Lease Details
50%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,316
Businesses Nearby
Explore this area
Business Placement
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
$279,500
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Middlesex County, CT
Properties on Market for Mixed-use properties in Middlesex County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Residential units and commercial garage space share a single lot, with MXI zoning and views toward the Connecticut River and Arrigoni Bridge.
Where is this mixed-use property located?
The property is located at 13-15 Portland Street Middletown, CT.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Six residential units: one four‑family and one two‑family building; Two 1,600 SF commercial garage/workshop spaces; one leased and one vacant; Residential layouts include 1-, 2-, and 3‑bedroom units
