Two-Building Mixed-Use
For Sale
$1,395,000
61 East Main Street, Middletown, CT 06457
MXI-zoned property combines residential units, storefront space, parking, and separate utilities across two buildings.
Property SizeContact for details
Days on Market9
Property Features for 61 East Main Street
General Information
Standard status
Active
Property subtype
Multi Family
Zoning
MXI
Net Operating Income
$121,120
Building Details
Year Built
1910
Listing Agency:
William Pitt Sotheby's International Realty
Listed By:
Sacha Armstrong · License #RES.0804343
(860) 538-7778
Source:
Capmarkrealty
Added: Sep 16
Changed: Sep 23
Last Checked: Sep 22 at 1:54PM
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
Investment Insights
Based on property information with market context.
This mixed-use property consists of two buildings with seven apartments and two storefronts. The East Main Street building contains four apartments and two commercial spaces, while the Flower Street structure provides three additional apartments. Six apartments are occupied, and the remaining unit is undergoing kitchen and bathroom updates. Improvements include wood flooring, separate utilities, private off-street parking, and a yard area. The buildings were constructed in 1910 and have remained under the same ownership since 2014.
Zoned MXI, the storefronts have hosted a clothing store, salon, and convenience store. The property has visible frontage along East Main Street and a Walk Score of 74, with proximity to Downtown Middletown, restaurants, shops, services, Wesleyan University, the riverfront, public transportation, and Route 9. The projected cap rate is approximately 9% after completion and lease-up, excluding potential income from the two vacant storefronts.
Zoned MXI, the storefronts have hosted a clothing store, salon, and convenience store. The property has visible frontage along East Main Street and a Walk Score of 74, with proximity to Downtown Middletown, restaurants, shops, services, Wesleyan University, the riverfront, public transportation, and Route 9. The projected cap rate is approximately 9% after completion and lease-up, excluding potential income from the two vacant storefronts.
Key Highlights
- Two‑building property with 7 apartments and 2 storefronts
- 61 East Main Street includes 4 apartments and 2 storefronts
- Separate 3‑apartment building at 2‑6 Flower Street
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,781
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
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - MXI-zoned property combines residential units, storefront space, parking, and separate utilities across two buildings.
Where is this mixed-use property located?
The property is located at 61 East Main Street Middletown, CT.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Two‑building property with 7 apartments and 2 storefronts; 61 East Main Street includes 4 apartments and 2 storefronts; Separate 3‑apartment building at 2‑6 Flower Street
