Opportunity for the savvy investor looking to capitalize on adding value by creating a Lifestyle Asset in the heart of Middletown. The asset is in close proximity to Wesleyan University and next to the popular restaurants: Ion, Brewbaker’s, Luce and Its Only Natural Boutique Grocery Store. This 4 floor asset is 16 units, with 4 storefronts and 12, 1 bedroom apartments. The retail tenants are: a Grocery Store, Boost Mobile, a Barber and one vacant store front. Features of the asset include: 70% new windows, hard wire smoke detectors and sprinkler system. The tenants pay electric. A capital infusion through enhancing the common areas and remodeling the units will make this asset a lifestyle community. Closed comps of $122k-$135k/unit can be attained for modern units in Middletown.
Sold for $930,000 on 02/28/24
Street View
$930,000
530 Main St, Middletown, CT 06457
--beds
0baths
15,136sqft
Multi Family
Built in 1860
-- sqft lot
$1,225,900 Zestimate®
$61/sqft
$1,314 Estimated rent
Home value
$1,225,900
$981,000 - $1.51M
$1,314/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Bought with:
, REB.0017145
Berkshire Hathaway HomeServices New England Properties
Source: BHHS NE Properties sold,MLS#: 170555172
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Cooling
- None
Interior area
- Total structure area: 15,136
- Total interior livable area: 15,136 sqft
Property
Details
- Parcel number: MTWNM22L0566
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1860
- Major remodel year: 1860
Community & neighborhood
Location
- Region: Middletown
Price history
| Date | Event | Price |
|---|---|---|
| 2/28/2024 | Sold | $930,000-13.5%$61/sqft |
Source: BHHS NE Properties sold #393cc6e7099c387a5d560ba575c7cc2a | ||
| 12/6/2023 | Pending sale | $1,075,000$71/sqft |
Source:  Smart MLS #170555172 | ||
| 10/27/2023 | Listed for sale | $1,075,000$71/sqft |
Source: Smart MLS #170555172 | ||
| 8/31/2023 | Pending sale | $1,075,000$71/sqft |
Source: Smart MLS #170555172 | ||
| 8/10/2023 | Contingent | $1,075,000$71/sqft |
Source: Smart MLS #170555172 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $25,559 +5.7% | $657,050 |
| 2024 | $24,179 +4.8% | $657,050 |
| 2023 | $23,062 -9% | $657,050 +14% |
Find assessor info on the county website
Neighborhood: 06457
Nearby schools
GreatSchools rating
- 5/10Farm Hill SchoolGrades: K-5Distance: 1.8 mi
- 4/10Beman Middle SchoolGrades: 7-8Distance: 1.7 mi
- 4/10Middletown High SchoolGrades: 9-12Distance: 1.7 mi
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Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$1,225,900
2% more+ $24,518
With Zillow Showcase(estimated)
$1,250,418