Properties

Property Description

High-Yield Multi-Asset Investment Opportunity, CT | Positioned in Middletown, this rare, income-producing portfolio features two 2-family homes (4 total units), a 2,898 sq ft workshop, and two additional land parcels-delivering multiple revenue streams and value-add potential. Each residential building offers approximately 1,380 sq ft and has been capital-improved with new roofs, new windows, updated electrical, and modernized plumbing, significantly reducing near-term CapEx. All structures are connected to natural gas, enhancing operational efficiency and tenant appeal. * 4-unit rental configuration with strong, consistent income potential * Additional monetization opportunity via the heated workshop (ideal for contractor lease, storage income, or owner use) * Two separate vacant parcels (.08 & .02 acres) create development or resale upside (buyer to perform due diligence) * Ability to increase rents to market for improved NOI and long-term appreciation. Situated on a combined .25-acre footprint, this asset offers flexibility to scale returns-whether through rent optimization, auxiliary income from the workshop, or future development of excess land. Ideal for investors seeking: * Cash flow + appreciation potential * Multiple exit strategies (hold, expand, or subdivide/sell parcels) Income-generating opportunity with built-in upside in a strong rental market.

Features
Heating System:
Baseboard
Cooling System:
No
Foundation Type:
Concrete
Heat Fuel Type:
Gas In Street
Exterior Features:
Storage Building, Gutters, Lighting, Outside Storage Area, Sidewalk
Flooring:
Concrete, Vinyl, Wood
Fireplaces Total:
0
Parking Total Spaces:
0
Location:
Highway Access, Downtown, Urban
Lot Description:
Level Lot
Water Source:
Public Water In Street
Address Map
Street:
Portland
Floor Number:
0
Longitude:
W73° 21′ 34.2”
Latitude:
N41° 34′ 23.6”
MLS Addon
Office Name:
Carl Guild & Associates
Agent Name:
Jamie Smigel
List Agent MLSID:
842470
List Office MLSID:
CARL01
Tax Year:
July 2025-June 2026
Directions:
GPS Friendly
HOA Fee Amount:
$0
Parcel Number:
1007354
Property Tax:
$8,719
Zoning:
MXI

Commercial For Sale

Portland, Middletown, 06457

0 Bedrooms
1 Bathrooms
5,176 Sqft
$1,100,000
Listing ID #24164387
Basic Details
Property Type :
Commercial For Sale
Listing Type :
For Sale
Listing ID :
24164387
Price :
$1,100,000
Bedrooms :
0
Baths Total :
1
Bathrooms :
1
Half Bathrooms :
0
Square Footage :
5,176 Sqft
Year Built :
1900
Lot Area :
0.25 Acre
City:
Middletown
Zipcode:
06457
Agent info
RE/MAX Right Choice
43 South Main Street, Newtown CT 06470
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