About 530 Main Street
Prime Mixed-Use Investment Opportunity - Downtown Middletown, CT. This asset currently produces 9.7 cap annually, features a total of 16 units, including 4 retail storefronts and 12 on1-bedroom residential apartments. The retail spaces are currently occupied by established neighborhood businesses, including a grocery store, Boost Mobile, a barber shop, and a convenience store-providing steady foot traffic and consistent rental income.The residential component consists of twelve 1-bedroom units, offering strong demand in this vibrant downtown location. The asset include: mostly of windows recently replaced, hardwired smoke detectors throughout, fire sprinkler system installed, tenants cover their own electric utilities. Well-maintained asset with value-add potential. Street parking is readily available, and tenants can get a residential permit for approximately $55/month for access to designated parking lots nearby. The asset is well located in downtown Middletown, the property benefits from high visibility, walkability, and proximity to restaurants, shopping and public transportation.
Features of 530 Main Street
| MLS® # | 24166400 |
|---|---|
| Price | $1,500,000 |
| Bedrooms | 1 |
| Bathrooms | 1.00 |
| Full Baths | 1 |
| Square Footage | 11,033 |
| Acres | 0.09 |
| Type | Multi-Family For Sale |
| Sub-Type | 5 Family+ |
| Style | Other |
| Status | Under Contract |
Community Information
| Address | 530 Main Street |
|---|---|
| Area | N/A |
| City | Middletown |
| County | Middlesex |
| State | Connecticut |
| Zip Code | 06457 |
Amenities
| Is Waterfront | No |
|---|---|
| Waterfront | Not Applicable |
| Has Pool | No |
Interior
| Heating | Hot Water, Electric, Natural Gas |
|---|---|
| Cooling | None |
| Fireplace | No |
| Has Basement | Yes |
| Basement | Full |
Exterior
| Exterior | Vinyl Siding |
|---|---|
| Lot Description | Level Lot |
| Roof | Other |
| Foundation | Concrete |
School Information
| Elementary | Macdonough |
|---|---|
| High | Middletown |
Additional Information
| Date Listed | April 12th, 2026 |
|---|---|
| Days on Market | 17 |
| Zoning | B-1 |
| RE / Bank Owned | No |
Listing Details
| Office | Ethos Rlty, LLC |
|---|