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$ 499,900
Est. payment /mo
Open Sat 1PM-3PM
356 Main Street Portland, CT 06480
9 Beds
4 Baths
3,720 SqFt
Open House
Sat Jul 11, 1:00pm - 3:00pm
Sun Jul 12, 1:00pm - 3:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 4 Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,720 sqft
Price per Sqft $134
MLS Listing ID 24182877
Style Other
Bedrooms 9
Full Baths 4
Year Built 1827
Annual Tax Amount $8,196
Lot Size 1.030 Acres
Property Sub-Type 4 Family
Property Description
Investor alert in the heart of Portland! Welcome to 354-356 Main Street, a rare 4-unit multifamily offering incredible upside, strong rental potential, and a layout that works beautifully for both investors and owner-occupants. Priced with condition in mind, property is being sold as-is. Two units are currently month-to-month and well below market rent, creating a major value-add opportunity from day one. Projected rents offer impressive income potential, with units estimated around $1,600/month, the spacious townhouse-style unit around $2,000/month, and the 3-bedroom unit around $1,800/month. This property also features a huge backyard, offering outdoor space rarely found with multifamily properties. Whether tenants want room to relax, garden, grill, or enjoy extra green space, this yard adds major appeal. Need storage, workspace, or a place to bring your hobbies to life? The detached garage needs work, but with the right handy buyer, it could be transformed into an amazing workshop, storage space, or dream setup for mechanics, gearheads, contractors, or anyone needing extra room. Major Bonus: The oil furnaces were replaced aproximatley 4 years ago. Perfect for investors looking to increase rents and build long-term cash flow, or an owner-occupant looking to live in one unit while the others help pay the mortgage. OPEN HOUSE SAT/SUN 1-3PM You will be able to get into ALL 4 units and basement
Location
State CT
County Middlesex
Zoning R10
Rooms
Basement Full, Unfinished
Interior
Heating Hot Water
Cooling Ceiling Fans, Wall Unit
Exterior
Waterfront Description Not Applicable
Roof Type Shingle
Building
Lot Description Lightly Wooded, Level Lot
Foundation Stone
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Per Board Of Ed
Listed by Jeni Mascaro • LPT Realty