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$1,300,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 12 Total Beds
  • 2 Car Garage
  • Updated 4 hours ago
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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.

Full Property Details for 13-15 Portland St

General

  • Price: $1,300,000
  • Taxes: (July 2025-June 2026)
  • Status: Active
  • Type: Multi-Family
  • Source: SMARTMLS
  • MLS ID: 24178851
  • Updated: Today (5/27/2026)
  • Added to Site: Today

Interior

  • Number of Rooms: 30

Rooms

Bathrooms

  • Total Bathrooms: 8
  • Full Bathrooms: 6
  • Half Bathrooms: 2

Bedrooms

  • Total Bedrooms: 12

Exterior

  • Color: brown

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 2
  • Total Spaces: 10
  • Parking: Attached Garage, Paved, On Street Parking, Off Street Parking

Location

  • County: Middlesex
  • Driving Directions: GPS friendly

School Information

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Heating & Cooling

  • Cooling Type: Window Unit
  • Heating Type: Gas on Gas
  • Water Heater: Natural Gas, 30 Gallon Tank

Utilities

  • Sewer: Public Sewer Connected
  • Water: Public Water Connected

Structural Information

  • Architectural Style: Units on different Floors, Units are Side-by-Side
  • Construction Status: No/Resale
  • Exterior Const.: Wood
  • Basement Desc.: Full
  • Roof: Asphalt Shingle, Metal
  • Square Feet: 9,890
  • Above Ground: 9,890 Sq. Ft.
  • Year Built: 1900

Unit Information

Unit 1

  • Square Feet: 455
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Square Feet: 455
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 3

  • Square Feet: 455
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 4

  • Square Feet: 630
  • Total Bathrooms: 1
  • Bedrooms: 5

Unit 5

  • Square Feet: 912
  • Total Bathrooms: 1
  • Bedrooms: 3

Unit 6

  • Square Feet: 912
  • Total Bathrooms: 1
  • Bedrooms: 3

Unit 7

  • Square Feet: 1,600
  • Partial Bathrooms: 1

Unit 8

  • Square Feet: 1,600
  • Total Bathrooms: 1
  • Partial Bathrooms: 1

Lot Features

  • Lot Size (Acres): 0.26
  • Zoning: MXI
  • Lot Description: Water View

Water Features

  • Water Front Desc.: Walk to Water

Financial Considerations

  • Assessment Amount: $349,620
  • Tax Year: July 2025-June 2026

Disclosures and Reports

  • Property ID: 1005938

Listed by William Pitt Sotheby's International Realty, Sacha Armstrong

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Listing agent

— 13-15 Portland St —

  • Sacha Armstrong

    William Pitt Sotheby's International Realty

Agent Contact: (860) 538-7778 Office Contact: (860) 682-9991

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Price & Sales History for 13-15 Portland St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/27/2026
Listed
$1,300,000
381.48%
MLS
10/02/2008
Sold
$270,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 13-15 Portland St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$13,932
6%
$358,140
—
2023
$13,180
5%
$358,140
—
2023
$12,571
30%
$358,140
62%
2022
$9,698
—
$220,410
—
2021
$9,698
—
$220,410
—
2020
$9,742
—
$220,410
—
2019
$9,786
2%
$220,410
—
2018
$9,632
3%
$220,410
—
2017
$9,345
3%
$220,410
—
2016
$9,081
4%
$220,410
—
2015
$8,728
-1%
$220,410
—
2014
$8,816
15%
$220,410
-3%
2011
$7,645
—
$226,170
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by William Pitt Sotheby's International Realty, Sacha Armstrong

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13-15 Portland Street, Middletown, CT 06457 (MLS# 24178851) is a Multi-Family property with 6 units containing 12 bedrooms, 6 full bathrooms and 2 partial bathrooms. 13-15 Portland Street is currently listed for $1,300,000 and was received on May 27, 2026. Want to learn more about 13-15 Portland Street? Do you have questions about finding other Multi-Family real estate for sale in Middletown? You can browse all Middletown real estate or contact a Coldwell Banker agent to request more information.

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