356 Main, Portland, CT 06480

$499,900
  • 356 Main, Portland, CT 06480 Main Photo

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Under Contract - Continue to Show
BEDS9 BATHS4 full SQUARE FEET3,720 MLS#24182877
STATUSUnder Contract - Continue to Show PROPERTY TYPEMulti Unit - Multiple

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

356 Main | MLS# 24182877

This multi-family property located at 356 Main, Portland, CT 06480 is currently listed for sale with an asking price of $499,900. Search Portland real estate on www.coldwellbankerchoice.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Full, Unfinished
Cooling: Ceiling Fans, Wall Unit
Fuel Type: Oil
Heating: Hot Water
Lot Size: 1.03 Acres
Roof Type: Shingle
Taxes: $8,196
Year Built: 1827

Feature Descriptions

Days on Site: 13
Exterior: Aluminum
Lot: Lightly Wooded, Level Lot
Sewer: Public Sewer Connected
Units: 4
Water: Public Water Connected
Waterfront: Not Applicable

Local Schools

High School: Per Board of Ed
Elementary School: Per Board of Ed

Listed By / Shown By

Listing By

Agency Name: LPT Realty
Agent Name: Jennifer Mascaro

Shown By

Agency Title: Coldwell Banker Choice Properties
Agency Phone: 833-88-CHOICE (2-4642)

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Estimated Payment

$ 1,941.36 per month $1,112.56 Principal & Interest $683.00 Property Tax $145.80 Homeowner's Insurance

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