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Mixed-Use Building in Middletown

480 Main St, Middletown, CT 06457

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For Sale

$1,450,000

Ten-unit mixed-use building with commercial and residential spaces.

Type:Multi Family

HighLights

Stabilized mixed‑use building with reliable income from long‑term commercial tenants.
Significant value‑add opportunity through rent increases due to below‑market rents and near‑term lease expirations.
Eight large (900+ sq ft) one‑bedroom residential units, seven of which have been recently modernized.
Tenants pay for electric and hot water, maximizing net income.
Located in a highly competitive location and market with strong comparable rents.
Substantial CAM payments from commercial tenants contribute to manageable operating expenses.

We can help!

Listing Contact

Lindy Hoyt

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For Sale

$1,450,000

Ten-unit mixed-use building with commercial and residential spaces.

Type:Multi Family

Added:: Apr 27, 2026
Days on Market:: 48
Last Refresh:: Apr 27 at 2:30 pm

Property Features for 480 Main St

General Information

Standard status: Active
Property subtype: Multi Family

Building Details

Year Built: 1917

We can help!

Listing Contact

Lindy Hoyt

Listing agent Lindy Hoyt License #REB.0789668

Listing office Century 21 AllPoints Realty

Listing date Apr 27, 2026

Source Elliman

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 Century 21 AllPoints Realty

HighLights

Stabilized mixed‑use building with reliable income from long‑term commercial tenants.
Significant value‑add opportunity through rent increases due to below‑market rents and near‑term lease expirations.
Eight large (900+ sq ft) one‑bedroom residential units, seven of which have been recently modernized.
Tenants pay for electric and hot water, maximizing net income.
Located in a highly competitive location and market with strong comparable rents.
Substantial CAM payments from commercial tenants contribute to manageable operating expenses.

Overview

Located on Main St in Middletown, this mixed-use brick building features 10 units. The property includes 2 established commercial tenants on the ground level and 8 one-bedroom residential units above, each exceeding 900 square feet. The ground-floor commercial tenants provide income and contribute to CAM payments. Seven of the eight residential units have been modernized in recent years. Tenants are responsible for electric and hot water. There is potential for increased income, as current rents are below market rates. Multiple near-term lease expirations combined with strong comparable rents throughout the neighborhood support income growth for a new owner. The property is suitable for an investor seeking a stabilized mixed-use building with potential for growth and appreciation in a high-demand market. The walk score is 74, indicating the area is very walkable. The bike score is 33, indicating the area is somewhat bikeable.

Location Intelligence

Current Use by Public Records

Ace Hardware of Middletown Building Supply Resharp Sharpening Service U-Haul Neighborhood Dealer Car Rental Facility Middletown Market (Bike/Boat/Book/etc) Store Middletown Self Storage ... Storage Facility

Suggested Use

Location Insight

Map
Local Demand

City: Middletown
County: Middlesex
State: Connecticut
Longitude: -72.6507628
Latitude: 41.562805

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What type of property is this?

Mixed-use property - Ten-unit mixed-use building with commercial and residential spaces.

Where is this mixed-use property located?

The property is located at 480 Main St Middletown, CT.

What is the asking price?

The asking price for this property is $1,450,000.

What are key features of this property?

This property features: Stabilized mixed‑use building with reliable income from long‑term commercial tenants.; Significant value‑add opportunity through rent increases due to below‑market rents and near‑term lease expirations.; Eight large (900+ sq ft) one‑bedroom residential units, seven of which have been recently modernized.