480 Main St Middletown, CT 06457
Estimated payment $9,237/month
About This Home
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.
Listing Agent
Century 21 AllPoints Realty Brokerage Phone: (860) 539-2730 License #RES.0830855 Listed on: 02/12/2026
Co-Listing Agent
Century 21 AllPoints Realty Brokerage Phone: (860) 539-2730 License #REB.0789668
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $18,591
Year Built
- Built in 1917
Lot Details
- 4,792 Sq Ft Lot
- Level Lot
Home Design
- 13,837 Sq Ft Home
- Flat Roof Shape
- Concrete Foundation
- Flat Tile Roof
- Masonry Siding
- Masonry
Bedrooms and Bathrooms
- 8 Bedrooms
- 10 Full Bathrooms
Basement
- Basement Fills Entire Space Under The House
- Dirt Floor
Schools
- Middletown High School
Utilities
- Window Unit Cooling System
- Heating System Uses Steam
- Heating System Uses Oil
- Fuel Tank Located in Basement
Community Details
- 10 Units
Listing and Financial Details
- Assessor Parcel Number 1007661
Map
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $18,591 | $477,910 | $162,610 | $315,300 |
| 2024 | $17,587 | $477,910 | $162,610 | $315,300 |
| 2023 | $16,775 | $477,910 | $162,610 | $315,300 |
| 2022 | $16,346 | $371,500 | $141,400 | $230,100 |
| 2021 | $16,346 | $371,500 | $141,400 | $230,100 |
| 2020 | $16,420 | $371,500 | $141,400 | $230,100 |
| 2019 | $16,495 | $371,500 | $141,400 | $230,100 |
| 2018 | $16,235 | $371,500 | $141,400 | $230,100 |
| 2017 | $14,051 | $331,380 | $141,400 | $189,980 |
| 2016 | $13,653 | $331,380 | $141,400 | $189,980 |
| 2015 | $13,123 | $331,380 | $141,400 | $189,980 |
| 2014 | $13,255 | $331,380 | $141,400 | $189,980 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/12/2026 02/12/26 | For Sale | $1,450,000 | 0.0% | $105 / Sq Ft |
| 04/01/2025 04/01/25 | Rented | $1,100 | 0.0% | -- |
| 03/05/2025 03/05/25 | Under Contract | -- | -- | -- |
| 02/25/2025 02/25/25 | For Rent | $1,100 | 0.0% | -- |
| 09/30/2024 09/30/24 | Rented | $1,100 | 0.0% | -- |
| 09/24/2024 09/24/24 | Under Contract | -- | -- | -- |
| 09/24/2024 09/24/24 | For Rent | $1,100 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $725,000 | -- | |
| Warranty Deed | $725,000 | -- | |
| Quit Claim Deed | $175,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $507,500 | Purchase Money Mortgage | |
| Closed | $507,500 | Purchase Money Mortgage | |
| Previous Owner | $300,000 | Commercial | |
| Previous Owner | $350,000 | Commercial | |
| Previous Owner | $140,000 | Commercial |
Source: SmartMLS
MLS Number: 24154266
APN: MTWN-000022-000000-000561
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Ask me questions while you tour the home.