Property profile

44 Washington St Middletown, CT 06457

OFF-MARKET
Other investment properties
Property ID
US15-0125769
4,108 SF 0.21 ac lot Built 1784
Individually Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This mixed-use property is located in downtown Middletown and is configured with a commercial component on the first floor and residential apartments on the upper floors. The building includes 17 deeded parking spaces. The first-floor commercial space is a renovated office area that was used as a real estate brokerage. The second-floor apartment had professional lead abatement and is part of a multi-unit setup that also includes additional residential units on the property; tenant occupancy arrangements historically included coverage of utility costs for the upper-floor apartments. The property has separate utility systems for the commercial and residential areas, with an upgraded electrical system, and it features utility infrastructure upgrades including newly installed water and sewer lines to the street. The configuration provides flexibility for a range of business uses.

Property profile

Verified
Property type Other investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1784
Construction FRAME
Total area 4,108 SF
Lot 0.21 ac (9,148 SF)
Zoning code B-1
APN MTWN M:22 L:0545
UPID US15-0125769

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Consultant
  • Real Estate Agency
  • Real Estate Agency
  • Real Estate Agency
  • Real Estate Agency

Location

44 Washington St Middletown, CT 06457-2843
Middletown metro Census 541600 HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$450k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$450k

Owner & transaction history

since 2024
Last sale
$450,000
3 recorded transactions
2024
$450,000
2010
$400,000
1996
Price N/A

Zoning & alternative use

B-1 · Middletown, CT
Zoning description

for the B-1 Zone, which shall be as required in accordance with the zoning codes for the underlying Zone, the following bulk requirements are deemed to be the minimum allowable in the Redevelopment Design District. Parce…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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