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13-15 Portland Street, 
Middletown, CT 06457

$1,300,000

12

Beds

8

Baths

9,890

Sq Ft

Multi-Family

Active

Listed by

Sacha Armstrong, (860) 538-7778

William Pitt Sotheby'S International Realty, (860) 682-9991

(860) 682-9991

Last updated:

July 23, 2026, 06:15 PM

MLS#

24178851

Source:

CT

About This Home

13-15 Portland Street

Unique mixed-use opportunity in Middletown offering strong cash flow and flexible ownership potential. Property consists of a fully occupied 4-family, a fully occupied 2-family, and two 1,600 SF commercial garage/workshop spaces all situated on one lot with views of the Connecticut River and Arrigoni Bridge. One commercial space is leased, while the second vacant garage offers ideal owner-user potential for contractors, storage, workshop space, or additional rental income. Projected 8.2% cap at current occupancy, with stabilization potential of approximately 9.4-9.8% upon lease of the 2nd garage. Residential units feature a desirable mix of 1-, 2-, and 3-bedroom layouts with updates completed over time, including newer boilers and water heaters. Off-street parking, minutes to Route 9, downtown Middletown, and walking distance to Wesleyan University. Property conveyed as-is.

Home Facts

Multi-Family

8 Baths

12 Bedrooms

Built in 1900

Price Summary

1,300,000

$131 per Sq. Ft.

MLS #:

24178851

Last Updated:

July 23, 2026, 06:15 PM

Added:

1 month(s) ago

Rooms & Interior

Bedrooms

Total Bedrooms:

12

Bathrooms

Total Bathrooms:

8

Full Bathrooms:

6

Interior

Living Area:

9,890 Sq. Ft.

Structure

Structure

Architectural Style:

Units are Side-by-Side

Building Area:

9,890 Sq. Ft.

Year Built:

1900

Lot

Lot Size (Sq. Ft):

11,325

Finances & Disclosures

Finances

Price:

$1,300,000

Price per Sq. Ft:

$131 per Sq. Ft.

Source:CT
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.