Great investment opportunity with added flexibility for an owner occupant. This clean and well maintained three unit multi family offers three similar updated layouts, each with 3 bedrooms, a spacious eat in kitchen with pantry, and a large living room that gives every unit a comfortable, functional feel. Two units are currently rented, while the second floor is vacant, creating an ideal setup for an investor who wants immediate income with the option to live on site. Major updates add even more value, including a newer 2017 Navien on demand gas furnace, updated electrical with breakers, updated plumbing, and much more. The basement is clean and dry, offering excellent storage and utility space, while five off street parking spots add everyday convenience for residents. Set close to state parks, restaurants, museums, shopping, and medical facilities, this is a smart opportunity to own a solid, well cared for property in a location that supports both lifestyle and long term rental appeal.
For sale
$395,000
259 Pearl Street, Middletown, CT 06457
9beds
3,906sqft
Est.:
Multi Family
Built in 1917
-- sqft lot
$-- Zestimate®
$101/sqft
$-- HOA
What's special
- 3 days |
- 1,129 |
- 68 |
Zillow last checked: 7 hours ago
Listing updated: 13 hours ago
Listed by:
CORRADO TEAM AT COLDWELL BANKER REALTY,
Mike Rethis (860)983-3158,
Coldwell Banker Realty 860-644-2461,
Co-Listing Agent: Julie Corrado 860-604-3809,
Coldwell Banker Realty
Source: Smart MLS,MLS#: 24158068
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Hot Water, Natural Gas
Cooling
- None
Appliances
- Included: Gas Water Heater, Tankless Water Heater
Features
- Basement: Full
- Attic: Access Via Hatch
- Has fireplace: No
Interior area
- Total structure area: 3,906
- Total interior livable area: 3,906 sqft
- Finished area above ground: 3,906
Property
Parking
- Total spaces: 5
- Parking features: Parking Lot, Off Street
Features
- Patio & porch: Deck
Lot
- Size: 4,356 Square Feet
- Features: Level
Details
- Parcel number: 1007875
- Zoning: RPZ
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Units on different Floors
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Foundation: Stone
- Roof: Flat
Condition
- New construction: No
- Year built: 1917
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Health Club, Library, Medical Facilities, Park, Pool, Near Public Transport, Shopping/Mall
HOA
- Has HOA: No
Location
- Region: Middletown
Financial & listing details
- Price per square foot: $101/sqft
- Tax assessed value: $254,500
- Annual tax amount: $9,900
- Date on market: 4/7/2026
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 4/10/2026 | Listed for sale | $395,000+3.9%$101/sqft |
Source: | ||
| 5/17/2023 | Sold | $380,000+18.8%$97/sqft |
Source: | ||
| 5/8/2023 | Contingent | $319,900$82/sqft |
Source: | ||
| 4/7/2023 | Listed for sale | $319,900+52.3%$82/sqft |
Source: | ||
| 6/1/2020 | Sold | $210,000-4.5%$54/sqft |
Source: | ||
| 3/26/2020 | Listed for sale | $219,900+266.5%$56/sqft |
Source: Berkshire Hathaway NE Prop. #170284584 Report a problem | ||
| 2/20/2015 | Sold | $60,000-78.6%$15/sqft |
Source: | ||
| 7/5/2006 | Sold | $279,900$72/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,900 +5.7% | $254,500 |
| 2024 | $9,366 +4.8% | $254,500 |
| 2023 | $8,933 +29.9% | $254,500 +62.8% |
| 2022 | $6,877 | $156,300 |
| 2021 | $6,877 -0.4% | $156,300 |
| 2020 | $6,908 -0.5% | $156,300 |
| 2019 | $6,940 +1.6% | $156,300 |
| 2018 | $6,830 +4.4% | $156,300 +1.3% |
| 2017 | $6,541 +2.9% | $154,270 |
| 2016 | $6,356 | $154,270 |
Find assessor info on the county website
Monthly payment
Est. payment
$2,566/mo
Principal & interest
$1941
Property taxes
$625
More affordability tools
Climate risks
Neighborhood: 06457
Nearby schools
GreatSchools rating
- 5/10Macdonough SchoolGrades: K-5Distance: 0.1 mi
- NAKeigwin Middle SchoolGrades: 6Distance: 1.5 mi
- 4/10Middletown High SchoolGrades: 9-12Distance: 1.4 mi
Schools provided by the listing agent
- Elementary: Macdonough
- High: Middletown
Source: Smart MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Local experts in 06457
- Connecticut
- Middlesex County
- Middletown
- 06457
- 259 Pearl Street






