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Renovated Mixed-Use Properties
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Pending

316/324 Washington St, Middletown, CT 06457

Two updated buildings offer residential, office, dormitory, and rooming-house configurations across from Wesleyan University.

Property SizeContact for details
Days on Market143

Property Features for 316/324 Washington St

General Information

Standard status Pending
Property subtype Hospitality, Mixed Use, Multifamily, Office
Zoning MXC Zone

Additional Details

Utilities to Site Yes

Building Details

Buildings 2
Listing Agency: Sterling Realtors
Listed By: Jacqueline Williams · License #Reb.0751777
Source: Crexi
Added: Apr 12 Changed: Aug 30 Last Checked: Aug 31 at 8:31PM

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 Sterling Realtors

Investment Insights

Based on property information with market context.

This offering combines two renovated properties at 316 and 324 Washington Street in Middletown. The 324 building contains a two-level, two-unit residential layout, with four bedrooms and two full baths on the first floor and a three-bedroom, one-bath apartment above. Both units feature updated kitchens with quartz countertops and stainless-steel appliances, living areas, porches, individual electric service, propane hot-air heat pumps, and central air. The property also includes a stone patio with sitting wall and parking.

The three-level 316 property includes nine bedrooms, four new bathrooms, living and study or office areas, hardwood flooring, and a remodeled kitchen with Café stainless-steel appliances, quartz countertops, white cabinetry, and an oversized island. New windows, roofs, siding, porches, utilities, and parking serve the two-property offering. The site is across from Wesleyan University, carries MXC zoning, and fronts a corridor described as receiving 60K cars a day.

Key Highlights

  • Two renovated properties at 316 and 324 Washington St, Middletown, CT 06457
  • 324 Washington includes two units: a 4‑bedroom first‑floor unit and a 3‑bedroom upper apartment
  • 316 Washington features 9 bedrooms and 4 new bathrooms across three levels

Property Analytics

Current Use

Duplexes

Suggested Use

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

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

Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,428
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?
Mixed-use property - Two updated buildings offer residential, office, dormitory, and rooming-house configurations across from Wesleyan University.
Where is this mixed-use property located?
The property is located at 316/324 Washington St Middletown, CT.
What are key features of this property?
This property features: Two renovated properties at 316 and 324 Washington St, Middletown, CT 06457; 324 Washington includes two units: a 4‑bedroom first‑floor unit and a 3‑bedroom upper apartment; 316 Washington features 9 bedrooms and 4 new bathrooms across three levels
More about this property
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