71 E Main St Middletown, CT 06457
Estimated payment $1,832/month
About This Home
ADD VALUE ALERT! This mixed use asset is offered at $299,000 with an estimated renovation budget of $120,000. Once renovations have been completed, all four units will generate $7,000 in monthly income supporting an after repair value of at least $480,000. The building sits on a corner lot within very close proximity to downtown Middletown. A vacant commercial space on the ground level provides a potential owner operator with tremendous opportunity to add value to their existing business or start anew. The commercial space was once operated as a bar and restaurant combo consisting of a bar area, main dining room, kitchen, and a half bathroom. Three residential units fill the upper two floors including a one bedroom, two bedroom, and three bedroom apartment. The units will be conveyed vacant allowing a buyer to start renovations immediately.
Listing Agent
VC Property Group, LLC Brokerage Phone: (860) 343-7800 License #RES.0818692 Listed on: 08/11/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,607
Year Built
- Built in 1900
Lot Details
- 6,534 Sq Ft Lot
Home Design
- 3,110 Sq Ft Home
- Side-by-Side
- Brick Exterior Construction
- Stone Foundation
- Asphalt Shingled Roof
- Masonry Siding
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
Utilities
- Hot Water Heating System
- Heating System Uses Natural Gas
- Hot Water Circulator
Community Details
- 4 Units
Listing and Financial Details
- Assessor Parcel Number 1010591
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 | $6,891 | $186,190 | $48,430 | $137,760 |
| 2024 | $6,500 | $183,570 | $48,430 | $135,140 |
| 2023 | $6,170 | $183,570 | $48,430 | $135,140 |
| 2022 | $4,548 | $110,250 | $19,380 | $90,870 |
| 2021 | $4,528 | $110,250 | $19,380 | $90,870 |
| 2020 | $4,521 | $110,250 | $19,380 | $90,870 |
| 2019 | $4,543 | $110,250 | $19,380 | $90,870 |
| 2018 | $4,386 | $110,250 | $19,380 | $90,870 |
| 2017 | $4,461 | $115,320 | $28,260 | $87,060 |
| 2016 | $4,371 | $115,320 | $28,260 | $87,060 |
| 2015 | $4,275 | $115,320 | $28,260 | $87,060 |
| 2014 | $4,270 | $115,320 | $28,260 | $87,060 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/28/2025 10/28/25 | Price Changed | $229,000 | -17.9% | $74 / Sq Ft |
| 10/14/2025 10/14/25 | For Sale | $279,000 | 0.0% | $90 / Sq Ft |
| 08/20/2025 08/20/25 | Pending | -- | -- | -- |
| 08/11/2025 08/11/25 | For Sale | $279,000 | -- | $90 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $237,500 | None Available | |
| Warranty Deed | $50,000 | -- | |
| Warranty Deed | $133,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $233,197 | FHA | |
| Previous Owner | $155,000 | No Value Available | |
| Previous Owner | $119,700 | No Value Available | |
| Previous Owner | $96,000 | No Value Available | |
| Previous Owner | $88,200 | No Value Available |
Source: SmartMLS
MLS Number: 24118536
APN: MTWN-000034-000000-000092
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