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259 Pearl Street, Middletown, CT, 06457
Three-Unit Residential Income Property

259 Pearl Street Middletown, CT 06457

For Sale
$395,000
Pending

Well-maintained three-unit property with two rented units and one vacant unit, plus recent mechanical and utility updates.

Property Size3,906 SF
Days on Market110

Property Features for 259 Pearl Street

General Information

Standard status
Pending
Size
3,906 SF
Property subtype
3 Family

Building Details

Year Built
1917
Listing Agency: Coldwell Banker Realty
Listed By: Mike Rethis · License #RES.0768194
Source: Lockandkeyre
Added: Apr 6 Changed: Jul 23 Last Checked: Jul 23 at 2:54AM

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 Coldwell Banker Realty


Investment Insights

Based on property information with market context.

This clean and well-maintained three-unit multifamily property offers three similar updated layouts. Each unit includes three bedrooms, a spacious eat-in kitchen with a pantry, and a large living room. Two units are currently rented, while the second-floor unit is vacant, providing an owner-occupant option alongside immediate rental income.

Recent updates include a newer 2017 Navien on-demand gas furnace, updated electrical with breakers, and updated plumbing. The basement is described as clean and dry, providing storage and utility space. Five off-street parking spots add practical convenience for residents.

The property is positioned near state parks, restaurants, museums, shopping, and medical facilities, supporting both everyday lifestyle needs and long-term rental demand. Highest and best is due Tuesday 4/14 at 10:00AM.

Key Highlights

  • Three‑unit multifamily built in 1917 with two currently rented units and one vacant unit
  • Each unit has 3 bedrooms with a large living room and an eat‑in kitchen with pantry
  • Newer 2017 Navien on‑demand gas furnace

Property Analytics

Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

(Bike/Boat/Book/etc) Store Carpet & Flooring Store Catering Service (Bike/Boat/Book/etc) Store Computer & Electronic Repair Florist Butcher Veterinary Clinic Pet Grooming Service Bakery

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Triplex - Well-maintained three-unit property with two rented units and one vacant unit, plus recent mechanical and utility updates.
Where is this triplex located?
The property is located at 259 Pearl Street Middletown, CT.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Three‑unit multifamily built in 1917 with two currently rented units and one vacant unit; Each unit has 3 bedrooms with a large living room and an eat‑in kitchen with pantry; Newer 2017 Navien on‑demand gas furnace
More about this property
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