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Three-Unit Multifamily Property
New
For Sale
$477,500

394 Main Street, Portland, CT 06480

Three-unit residential income property with a spacious layout and access to shopping, dining, schools, parks, and commuter routes.

Property Size1,850 SF
Price / SF$166.61
Days on Market4

Property Features for 394 Main Street

General Information

Standard status Active
Size 1,850 SF
Property subtype 3 Family

Building Details

Building Size 1,850 SF
Year Built 1850
Tenancy Multi
Listing Agency: RE/MAX RISE
Listed By: Michael Albert
Source: Iverty
Added: Aug 31 Changed: Sep 1 Last Checked: Sep 2 at 6:00PM

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 RE/MAX RISE

Investment Insights

Based on property information with market context.

Located at 394 Main Street in Portland, Connecticut, this three-unit multifamily property contains 2,866 square feet and dates to 1850. Its multi-unit configuration supports a range of residential ownership and rental arrangements, including occupying one unit while leasing others, accommodating an extended household, or operating the property as an income-producing asset.

The property is situated near local shopping, dining, schools, parks, and other area amenities. Portland also provides access to surrounding communities and major commuter routes, adding practical convenience for residents. The layout and unit count create flexibility for buyers seeking a residential property with multiple occupancy options.

Key Highlights

  • Three‑unit multifamily property
  • 2,866 square feet of building area
  • Built in 1850

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Electrical Service Parking Lot & Garage Bakery (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Computer & Electronic Repair

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

206
Businesses Nearby

Demographics for 06480, CT

9,365
Population
3,961
Households
2.4
Avg Household Size
45
Median Age
50%
College-Educated
92%
High-School Grad
23.2 sq mi
ZIP Area
404
Density / Sq Mi
$118,955
Median Household Income
$61,512
Median Earnings
$1,115
Median Rent
$305,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three-unit residential income property with a spacious layout and access to shopping, dining, schools, parks, and commuter routes.
Where is this triplex located?
The property is located at 394 Main Street Portland, CT.
What is the asking price?
The asking price for this property is $477,500.
What are key features of this property?
This property features: Three‑unit multifamily property; 2,866 square feet of building area; Built in 1850
More about this property
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