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$1,450,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 8 Total Beds
  • Updated 5 days ago
See This Home
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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.

Full Property Details for 480 Main St

General

  • Price: $1,450,000
  • Taxes: (July 2025-June 2026)
  • Status: Active
  • Type: Multi-Family
  • Source: SMARTMLS
  • MLS ID: 24154266
  • Updated: 2/13/2026
  • Added to Site: 6 day(s) ago

Interior

  • Number of Rooms: 34

Rooms

Bathrooms

  • Total Bathrooms: 10
  • Full Bathrooms: 10

Bedrooms

  • Total Bedrooms: 8

Exterior

  • Color: brick

Location

  • County: Middlesex
  • Driving Directions: GPS FRIENDLY

School Information

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

Heating & Cooling

  • Cooling Type: Window Unit
  • Heating Type: Steam, Oil
  • Heating Fuel: Oil
  • Water Heater: Upright Tank, 40 Gallon Tank

Utilities

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

Structural Information

  • Architectural Style: Other
  • Construction Status: No/Resale
  • Exterior Const.: Brick
  • Basement Desc.: Full, Dirt Floor
  • Roof: Flat
  • Square Feet: 13,837
  • Above Ground: 13,837 Sq. Ft.
  • Year Built: 1917

Unit Information

Unit 1

  • Square Feet: 900
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Square Feet: 900
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 3

  • Square Feet: 900
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 4

  • Square Feet: 900
  • Total Bathrooms: 1
  • Bedrooms: 4

Unit 5

  • Square Feet: 900
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 6

  • Square Feet: 1,100
  • Total Bathrooms: 1

Unit 7

  • Square Feet: 3,100
  • Full Bathrooms: 1

Unit 8

  • Square Feet: 900
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Bedrooms: 1

Unit 9

  • Square Feet: 900
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Bedrooms: 1

Unit 10

  • Square Feet: 900
  • Bedrooms: 1

Lot Features

  • Lot Size (Acres): 0.11
  • Zoning: B-1
  • Lot Description: Level Lot

Financial Considerations

  • Assessment Amount: $477,910
  • Tax Year: July 2025-June 2026

Disclosures and Reports

  • Property ID: 1007661

Listed by Century 21 AllPoints Realty, Lisa Cozzi Team, Lindy Hoyt and Century 21 AllPoints Realty, Lisa Cozzi Team, Lisa Cozzi

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Listing agents

— 480 Main St —

  • Lindy Hoyt

    Century 21 AllPoints Realty

  • Lisa Cozzi

    Century 21 AllPoints Realty

Agent Contact: (860) 539-2730 Office Contact: (860) 263-2121

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 480 Main St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/12/2026
Listed
$1,450,000
100%
MLS
1/29/2019
Sold
$725,000
—
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 480 Main St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$18,591
6%
$477,910
—
2023
$17,587
5%
$477,910
—
2023
$16,775
3%
$477,910
29%
2022
$16,346
—
$371,500
—
2021
$16,346
—
$371,500
—
2020
$16,420
—
$371,500
—
2019
$16,495
2%
$371,500
—
2018
$16,235
16%
$371,500
12%
2017
$14,051
3%
$331,380
—
2016
$13,653
4%
$331,380
—
2015
$13,123
-1%
$331,380
—
2014
$13,255
18%
$331,380
—
2011
$11,201
—
$331,380
—
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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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Century 21 AllPoints Realty, Lisa Cozzi Team, Lindy Hoyt and Century 21 AllPoints Realty, Lisa Cozzi Team, Lisa Cozzi

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Recent Sales near 480 Main St

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480 Main Street, Middletown, CT 06457 (MLS# 24154266) is a Multi-Family property with 10 units containing 8 bedrooms and 10 full bathrooms. 480 Main Street is currently listed for $1,450,000 and was received on February 12, 2026. Want to learn more about 480 Main 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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