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54 Washington Street

Middletown, CT 06457
  • $935,000
  • STATUS: Active Under Contract
  • ON SITE: 193 Days
  • MLS #: 24131159
Under Contract
UPDATED: 71 min ago
$935,000
  • 19
    BEDS
  • 0.13
    ACRES
  • 18
    BATHS
  • 0
    1/2 BATHS
  • 12,288
    SQFT
  • $76
    $/SQFT
Type:
Multi-Family
Built:
1936
County:
Area:

School Information

Elementary School:
High School:

Description

PERMIT IN HAND READY TO BUILD! In the heart of Middletown and within walking distance to countless amenities, 54 Washington Street offers both location and opportunity. Once home to the Italian American Club, the building carries a unique history and is now ready for a new vision. This spectacular building has received zoning approval to convert this once community/event space to residential units. Take advantage of the already in place engineered 18-unit build-out plans with extra room for a super, the possibilities are endless. Not only does this building have engineered plans, but it is also stamped for electrical and plumbing. With all major systems professionally designed, code-compliant, and permit ready, this property allows seamless transition straight into the build phase. The opportunities are endless for the savvy investor looking to maximize value in a prime location. 18 parking spots town approved across the street next to the police station ! Engineered Plans will be sent upon request. Stamped Plumbing & Electrical in place. 18 parking spaces permitted by town across from Middletown Police Department.

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The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 SmartMLS, Inc. Data last updated: 2026-04-15T22:10:31.733.
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54 Washington Street Middletown, CT 06457

  • Price: $935,000
  • Status: Active Under Contract
  • On Site: 193 Days
  • Updated: 71 min ago
  • MLS #: 24131159
19
Beds
18
Baths
0
½ Baths
0.13
Acres
12,288
SQFT
$76
$/SQFT
1936
Built
County:
Middlesex
Area:
Middletown
Elementary School:
per board of ed
High School:
per board of ed
Property Description
PERMIT IN HAND READY TO BUILD! In the heart of Middletown and within walking distance to countless amenities, 54 Washington Street offers both location and opportunity. Once home to the Italian American Club, the building carries a unique history and is now ready for a new vision. This spectacular building has received zoning approval to convert this once community/event space to residential units. Take advantage of the already in place engineered 18-unit build-out plans with extra room for a super, the possibilities are endless. Not only does this building have engineered plans, but it is also stamped for electrical and plumbing. With all major systems professionally designed, code-compliant, and permit ready, this property allows seamless transition straight into the build phase. The opportunities are endless for the savvy investor looking to maximize value in a prime location. 18 parking spots town approved across the street next to the police station ! Engineered Plans will be sent upon request. Stamped Plumbing & Electrical in place. 18 parking spaces permitted by town across from Middletown Police Department.
Exterior Features

Direct Waterfront YN No Exterior Siding Brick Garage And Parking OtherAssigned Parking Lot Description N/A Parking Total Spaces 18 Roof Information Other Style Units on different Floors Swimming Pool YN No Waterfront Description Not Applicable

Interior Features

Attic Description Walk-up Attic YN Yes Basement Description Full Cooling System None Fireplaces Total 0 Heat Type No Heat Sq Ft Est Heated Above Grade 12288 Sq Ft Total 12288 Total Rooms 31 Total Rooms Multi Family 31

Property Features

Agent Owner YN No Bank Owned Property No Financing Used Conventional Fixed Foundation Type Concrete Gross Annual Expense 135062 Gross Annual Income 406200 Home Owners Assocation No Home Warranty Offered YN No Hot Water Description No Hot Water Net Operating Income 250828 New Construction Type No/Resale Potential Short Sale No Property Sub Type 5 Family+ Sewage System Public Sewer Connected Tax Year July 2025-June 2026 Total Number Of Units 18 Under Agreement Yn No Water Source Public Water Connected Zoning B-1

Listing information © 2026 Smart MLS
Listing provided courtesy of Ariel Tortora of William Raveis Real Estate: (203) 453-0391.


The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 SmartMLS, Inc. Data last updated: 2026-04-15T22:10:31.733.
 
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