54 Washington St Middletown, CT 06457
Estimated payment $5,975/month
About This Home
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 !
Listing Agent
William Raveis Real Estate Brokerage Phone: (203) 500-3243 License #RES.0806320 Listed on: 10/03/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,456
Year Built
- Built in 1936
Lot Details
- 5,663 Sq Ft Lot
Parking
- 18 Parking Spaces
Home Design
- Concrete Foundation
- Concrete Siding
- Masonry Siding
Interior Spaces
- 12,288 Sq Ft Home
- Basement Fills Entire Space Under The House
- Walkup Attic
Bedrooms and Bathrooms
- 19 Bedrooms
- 18 Full Bathrooms
Utilities
- No Heating
- No Hot Water
Community Details
- 18 Units
- Gross Income $406,200
Listing and Financial Details
- Assessor Parcel Number 1008616
Map
Home Values in the Area
Average Home Value in this Area
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 | $12,456 | $320,210 | $103,640 | $216,570 |
| 2024 | $11,784 | $320,210 | $103,640 | $216,570 |
| 2023 | $11,239 | $320,210 | $103,640 | $216,570 |
| 2022 | $14,018 | $318,600 | $90,130 | $228,470 |
| 2021 | $14,018 | $318,600 | $90,130 | $228,470 |
| 2020 | $14,082 | $318,600 | $90,130 | $228,470 |
| 2019 | $14,146 | $318,600 | $90,130 | $228,470 |
| 2018 | $13,923 | $318,600 | $90,130 | $228,470 |
| 2017 | $12,733 | $300,310 | $90,130 | $210,180 |
| 2016 | $12,373 | $300,310 | $90,130 | $210,180 |
| 2015 | $11,892 | $300,310 | $90,130 | $210,180 |
| 2014 | $12,012 | $300,310 | $90,130 | $210,180 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/15/2025 12/15/25 | Price Changed | $945,000 | -21.3% | $77 / Sq Ft |
| 11/17/2025 11/17/25 | Price Changed | $1,200,000 | -22.1% | $98 / Sq Ft |
| 10/06/2025 10/06/25 | For Sale | $1,540,000 | -- | $125 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $430,000 | None Available | |
| Warranty Deed | $750,000 | -- |
Source: SmartMLS
MLS Number: 24131159
APN: MTWN-000022-000000-000556
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