About 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.
Features of 13-15 Portland Street
| MLS® # | 24178851 |
|---|---|
| Price | $1,300,000 |
| Bedrooms | 12 |
| Bathrooms | 6/2 |
| Full Baths | 6 |
| Half Baths | 2 |
| Square Footage | 9,890 |
| Acres | 0.26 |
| Type | Multi-Family For Sale |
| Sub-Type | Other |
| Style | Units on different Floors, Units are Side-by-Side |
| Status | Active |
Community Information
| Address | 13-15 Portland Street |
|---|---|
| Area | N/A |
| City | Middletown |
| County | Middlesex |
| State | Connecticut |
| Zip Code | 06457 |
Amenities
| Parking Spaces | 10 |
|---|---|
| Parking | Attached Garage, Paved, On Street Parking, Off Street Parking |
| Garage Spaces | 2 |
| Is Waterfront | No |
| Waterfront | Walk to Water |
| Has Pool | No |
Interior
| Heating | Gas on Gas |
|---|---|
| Cooling | Window Unit |
| Fireplace | No |
Exterior
| Exterior | Wood |
|---|---|
| Lot Description | Water View |
| Roof | Asphalt Shingle, Metal |
| Foundation | Concrete, Stone |
School Information
| Elementary | Per Board of Ed |
|---|---|
| High | Per Board of Ed |
Additional Information
| Date Listed | May 27th, 2026 |
|---|---|
| Days on Market | 103 |
| Zoning | MXI |
| RE / Bank Owned | No |
Listing Details
| Office | William Pitt Sotheby's International Realty |
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