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Fully Leased Middletown Mixed-Use Property
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560 MAIN ST, Middletown, CT 06457

Multi-family investment opportunity in downtown Middletown, Connecticut.

Property Size6,726 SF
Price / SF$245.32
Days on Market107

Property Features for 560 MAIN ST

General Information

Standard status Active
Size 6,726 SF
Class C
Property subtype Multifamily, Mixed Use
Zoning B-1
Occupancy 100%
Lease Type Gross
Investment Type Stabilized
Net Operating Income $111,297

Building Details

Year Built 1900
Year Renovated 2024
Buildings 1
Stories 3
Units 7
Tenancy Multi
Listing Agency: Marcus & Millichap - New Haven
Listed By: Maria DeAngelis · License #CT RES.0807196
Source: Crexi
Added: May 14 Changed: Aug 14 Last Checked: Aug 24 at 11:12PM

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 Marcus & Millichap - New Haven

Investment Insights

Based on property information with market context.

Located in downtown Middletown, Connecticut, 560–564 Main Street is a fully leased multi-family investment opportunity. The property features two ground-floor commercial suites and seven residential apartments, providing a diversified income stream. Significant capital improvements have been made, especially in the residential units. All seven apartments have renovated bathrooms, and multiple units have undergone full or partial gut renovations, including new appliances, upgraded finishes, and replacement windows. Secured exterior entry points have been added, enhancing tenant safety and building quality. The commercial component is anchored by two long-term tenants, offering consistent income and contractual rent growth. The residential units maintain steady occupancy in a supply-constrained downtown market. The property is currently 100% occupied and generates strong in-place income with a reported NOI of approximately $109,730. The property benefits from strong pedestrian activity and proximity to local retailers, restaurants, and Wesleyan University, as well as convenient access to Route 9 and Interstate 91. The surrounding area continues to see investment and revitalization, supporting long-term demand. The property size is 6,726 square feet. This offering is suited for an investor seeking durable, stabilized cash flow with the ability to drive incremental upside through continued unit upgrades and operational efficiencies.

Key Highlights

  • Fully leased multi‑family property in downtown Middletown, CT, generating approximately $109,730 NOI.
  • Diversified income stream from two commercial suites and seven renovated residential apartments.
  • Significant capital improvements completed, including full bathroom renovations and upgraded finishes in residential units.

Property Analytics

Current Use

Caribbean flavaz Restaurant Island Fish Head ... Restaurant Melted Madness Take-out & Catering Reggae lifestyle Restaurant

Suggested Use

Top Pick Carpet & Flooring Store Catering Service Veterinary Clinic Pet Grooming Service (Bike/Boat/Book/etc) Store Pet Store & Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,955
Businesses Nearby

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

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

What type of property is this?
Mixed-use property - Multi-family investment opportunity in downtown Middletown, Connecticut.
Where is this mixed-use property located?
The property is located at 560 MAIN ST Middletown, CT.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Fully leased multi‑family property in downtown Middletown, CT, generating approximately $109,730 NOI.; Diversified income stream from two commercial suites and seven renovated residential apartments.; Significant capital improvements completed, including full bathroom renovations and upgraded finishes in residential units.
(203) 672-3300 Call to check price and availability
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