REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 399,000
Est. payment | /mo
4 Beds
4 Baths
3,182 SqFt
$ 399,000
Est. payment | /mo
4 Beds
4 Baths
3,182 SqFt
Key Details
Property Type Multi-Family
Sub Type 4 Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,182 sqft
Price per Sqft $125
MLS Listing ID 24220282
Style Units on different Floors
Bedrooms 4
Full Baths 4
Year Built 1998
Annual Tax Amount $8,207
Lot Size 5,662 Sqft
Property Sub-Type 4 Family
Property Description
Exceptional value-add investment opportunity in Middletown! This mixed-use property offers two existing residential apartments and a spacious ground-floor retail space with the potential to convert into two additional, larger residential units, creating a four-family investment property. The upper level features two one-bedroom, one-bathroom apartments, each equipped with washer/dryer hookups and electric water heaters. Additional property highlights include oil heating, solar panels serving all units, a newer roof, and ample off-street parking with convenient front, side, and rear driveway access. All existing appliances are included, excluding washers and dryers. The expansive ground-floor retail space presents an excellent opportunity for investors or developers looking to maximize rental income and build equity through conversion. The City of Middletown has provided preliminary verbal feedback indicating that a four-unit residential conversion may be possible, subject to formal application, required approvals, permits, and inspections. Other four-unit residential properties in the surrounding area further demonstrate the neighborhood's multifamily character.
Location
State CT
County Middlesex
Zoning MXC
Rooms
Basement None
Interior
Heating Hot Water
Cooling None
Exterior
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Foundation Concrete
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Per Board Of Ed
Listed by Victor Santana • Santana Realty Group LLC
Nearby Locations