138 Washington Street Middletown, CT 6457
Mixed-use property with retail and residential units in Middletown.
Type:Commercial
Property size:
7,193 SFLot size:
0.46 AcresPrice / SF:
$152/SF- Added:
- Oct 23, 2025
- Days on Market:
- 185
- Last Refresh:
- Apr 5 at 9:01 pm
Property Features for 138 Washington Street
General Information
- Standard status
- Active
- Size
- 7,193 SF
- Lot size
- 0.46 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1830
Listing agent BRENDAN KELLY License #REB-0795159
Listing office Harding Commercial Real Estate (860) 344-5551
Listing date Oct 23, 2025
Source Corcoran
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All listing content including descriptions, pricing, images are the copyrighted material of Harding Commercial Real Estate
Overview
Middletown Mixed-Use Investment Opportunity
Located at 138 Washington Street in Middletown, this classically designed mixed-use property is available for sale. The property consists of 9 units totaling approximately 7,193 square feet. The unit mix includes 2 ground-floor retail units, 6 one-bedroom apartments, and one studio apartment. Each unit has separate meters for electricity and gas. Recent improvements include a recently painted exterior, recarpeted common hallways, and hot water heaters replaced within the past year or two. The property offers a no-car downtown live, work, and play lifestyle in a walkable city. There is potential for expansion with the construction of 3 additional units, and plans are available upon request. The ground floor retail units can be converted to apartments at lease expiration. The expansive parking lot offers more spaces than necessary, allowing additional income generation through space rental.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Middletown
- County
- Middlesex
- State
- Connecticut
- Longitude
- -72.6534
- Latitude
- 41.562
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Mixed-use property with retail and residential units in Middletown.
Where is this mixed-use property located?
The property is located at 138 Washington Street Middletown, CT.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Heavy cash flow with zero vacancy across 9 units (2 retail, 6 one‑bedroom, 1 studio).; Offered at an **8.3 cap rate.**; Value‑add potential through apartment upgrades to increase rents.
