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.
- 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
- Street:
- Portland
- Floor Number:
- 0
- Longitude:
- W73° 21′ 34.2”
- Latitude:
- N41° 34′ 23.6”
- 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
- 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
- Ben Keeney
- View website
- 203-313-0013
- 866-886-0013
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