Mixed-Use Brick Building with
For Sale
$1,300,000
480 Main Street, Middletown, CT 06457
Brick mixed-use building with eight apartments and two street-level retail storefronts.
Property Size13,837 SF
Price / SF$93.95
Days on Market56
Property Features for 480 Main Street
General Information
Standard status
Active
Size
13,837 SF
Property subtype
5 Family+
Units
Multifamily Units
8
Office Units
2
Additional Details
Business Included
Yes
Building Details
Year Built
1917
Listing Agency:
Century 21 AllPoints Realty
(860) 539-2730
Listed By:
Lindy Hoyt
(860) 539-2730
Source:
Lockandkeyre
Added: Jun 15
Changed: Aug 8
Last Checked: Aug 8 at 9:58AM
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
Investment Insights
Based on property information with market context.
480 Main Street is a classic brick mixed-use building featuring eight residential units and two commercial storefronts. The apartment interiors offer large layouts with soaring ceilings, hardwood flooring, and functional built-ins, and each unit is described as 900+ square feet. Seven of the eight residential units have been updated, and many include newer hot water heaters intended to help limit near-term capital needs. The building also has a well-maintained roof, supporting long-term property upkeep.
Two storefronts anchor the commercial component, including a 3,100 SF space and a 1,100 SF storefront operated by a long-term tenant. The property’s operating structure includes commercial tenants contributing approximately 40% of CAM expenses. The asset is positioned in Downtown Middletown, with restaurants, shopping, and entertainment within walking distance.
This property is well-suited for buyers looking for a combined residential and retail ownership structure in a downtown setting. With most apartment units updated and the commercial space including a long-term tenant, it offers an operator the ability to manage both income streams from one brick mixed-use platform while maintaining the building’s core exterior improvements.
Two storefronts anchor the commercial component, including a 3,100 SF space and a 1,100 SF storefront operated by a long-term tenant. The property’s operating structure includes commercial tenants contributing approximately 40% of CAM expenses. The asset is positioned in Downtown Middletown, with restaurants, shopping, and entertainment within walking distance.
This property is well-suited for buyers looking for a combined residential and retail ownership structure in a downtown setting. With most apartment units updated and the commercial space including a long-term tenant, it offers an operator the ability to manage both income streams from one brick mixed-use platform while maintaining the building’s core exterior improvements.
Key Highlights
- 1917 brick mixed‑use building in Downtown Middletown with 8 residential units and 2 street‑level retail storefronts
- Residential unit details: 8 apartments with 900+ SF each, soaring ceilings, hardwood flooring, and functional built‑ins
- 7 of the 8 residential units have been updated, with many featuring newer hot water heaters
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
8
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,955
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?
Apartment building - Brick mixed-use building with eight apartments and two street-level retail storefronts.
Where is this apartment building located?
The property is located at 480 Main Street Middletown, CT.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 1917 brick mixed‑use building in Downtown Middletown with 8 residential units and 2 street‑level retail storefronts; Residential unit details: 8 apartments with 900+ SF each, soaring ceilings, hardwood flooring, and functional built‑ins; 7 of the 8 residential units have been updated, with many featuring newer hot water heaters
