Investors & owner-occupants alike-take notice! This multi-family property sits in the heart of downtown Middletown, just minutes from Route 9 & seconds from the city's Main Street, offering easy access to shopping, dining & local amenities. Endless potential awaits the right buyer. Located on the edge of downtown Middletown, Spring St. is a quiet one-way street with a dedicated bike lane. The property is being sold as is, with inspections for informational purposes only. The 1st-floor unit will be delivered vacant, making it ideal for an owner-occupant & was fully renovated in 2020 featuring a modern kitchen with updated cabinetry, stainless appliances, new countertops & new flooring . The laundry area is conveniently located just off the kitchen. A recently renovated full bathroom is nearby. The living room and dining room are just steps away and both lead to two comfortable bedrooms. The 2nd-floor unit offers a similar layout and includes two bedrooms, a living room, dining room, kitchen with laundry, and a full bathroom. This unit also features a front-facing deck, adding great outdoor space. The 3rd-floor unit is smaller & functions more like a studio. It includes an eat-in kitchen, a living room/bedroom combination & a small bonus side room. Laundry hookups are also available in this unit. Updates include a new roof & gutters 2021. The 1st and 2nd floors are heated by gas, while the 3rd floor has electric heat. The property also features a detached 2-car garage.
Welcome to 207 Pearl Street, a fantastic opportunity for investors or owner-occupants in the heart of the City! This spacious and versatile home offers exceptional flexibility across three levels. The first floor features 3 bedrooms, while the second floor includes 2-3 additional bedrooms. A finished, heated walk-up attic provides 2 more bedrooms and can easily serve as a home office, studio, or extra living space-perfect for today's flexible lifestyle needs. The home is heated by oil and also has natural gas available at the property, offering future conversion potential. A rare find in this area, the large two-car garage adds tremendous value and convenience. Ideally located just minutes from Wesleyan University and vibrant downtown Middletown, you'll enjoy easy access to an array of acclaimed restaurants, unique shops, museums, and the rich culture and history the area has to offer. Don't miss this incredible opportunity in a prime location!
Welcome to Main St in Middletown! This 10 Unit mixed use brick beauty is anchored by 2 established commercial tenants on the ground level and 8 massive (900+Sq Ft) one-bedroom residential units above- an incredible opportunity for a stabilized asset with additional room for growth in a highly competitive location and market! The long-term ground-floor commercial tenants provide reliable income and contribute substantial CAM payments, ensuring manageable operating expenses for ownership. Seven of the eight residential units have been modernized in recent years, with all tenants responsible for electric and hot water, maximizing net income. Significant value-add opportunity exists as current rents remain below market despite recent renovations. Multiple near-term lease expirations combined with strong comparable rents throughout the neighborhood support immediate, achievable income growth for a new owner! This asset is ideal for an investor seeking a stabilized mixed-use building with reliable income and a clear potential for growth and appreciation in a high-demand market.
Discover a great opportunity to own an affordable 2-family property at 105 Spring St in Middletown, a rare offering in today's market. Both units are currently occupied on month-to-month, providing flexibility for investors looking to adjust rents and significantly improve cash flow. Each spacious unit features 3 bedrooms and is in relatively good condition, with updates made over time, making this an easy property to manage and continue to enhance. The location offers convenient access to nearby restaurants, bars, Route 9, and public transportation, making the building highly attractive to renters and a strong addition to any investment portfolio. Agent Owner
PERMIT IN HAND READY TO BUILD! In the heart of Middletown and within walking distance to countless amenities, 54 Washington Street offers both location and opportunity. Once home to the Italian American Club, the building carries a unique history and is now ready for a new vision. This spectacular building has received zoning approval to convert this once community/event space to residential units. Take advantage of the already in place engineered 18-unit build-out plans with extra room for a super, the possibilities are endless. Not only does this building have engineered plans, but it is also stamped for electrical and plumbing. With all major systems professionally designed, code-compliant, and permit ready, this property allows seamless transition straight into the build phase. The opportunities are endless for the savvy investor looking to maximize value in a prime location. 18 parking spots town approved across the street next to the police station !
Middletown is located in Connecticut. Middletown, Connecticut has a population of 47,164. Middletown is less family-centric than the surrounding county with 22.78% of the households containing married families with children. The county average for households married with children is 27.85%.
The median household income in Middletown, Connecticut is $67,485. The median household income for the surrounding county is $90,833 compared to the national median of $69,021. The median age of people living in Middletown is 39.5 years.
The average high temperature in July is 84.1 degrees, with an average low temperature in January of 18.7 degrees. The average rainfall is approximately 47.6 inches per year, with 34.7 inches of snow per year.
