Check out this 5-unit building in the popular downtown Middletown. This property consists of 4 residential apartments on the 2nd floor and 1 big commercial restaurant space on the 1st. All bathrooms were updated within the past year. Mostly new floors/paint/fixtures and upgrades throughout. Great turn-key investment. Owner is a licensed Realtor.
Sold for $650,000
$650,000
50 Rappallo Avenue, Middletown, CT 06457
7beds
5,120sqft
Multi Family
Built in 1860
-- sqft lot
$728,100 Zestimate®
$127/sqft
$1,763 Estimated rent
Home value
$728,100
$663,000 - $801,000
$1,763/mo
Zestimate® history
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$3,777/mo
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Zillow last checked:
Listing updated:
Listed by:
Lucas Chaves 203-715-2772,
Coldwell Banker Calabro 860-529-7007
Bought with:
Lani Liu-Helisch, REB.0788679
Sovereign Properties
Source: Smart MLS,MLS#: 24023789
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 10
- Full bathrooms: 8
- 1/2 bathrooms: 2
Heating
- Hot Water, Gas In Street
Cooling
- None
Appliances
- Included: Gas Water Heater, Tankless Water Heater
Features
- Smart Thermostat
- Basement: Full,Partially Finished
- Attic: Access Via Hatch
- Has fireplace: No
Interior area
- Total structure area: 5,120
- Total interior livable area: 5,120 sqft
- Finished area above ground: 5,120
Property
Parking
- Total spaces: 5
- Parking features: None, Paved, Parking Lot, Off Street
Accessibility
- Accessibility features: Accessible Approach with Ramp
Features
- Has view: Yes
- View description: City, Water
- Has water view: Yes
- Water view: Water
Lot
- Size: 5,227 Square Feet
Details
- Parcel number: 1009412
- Zoning: B-1
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Stone
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1860
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Near Public Transport, Health Club, Lake, Library, Medical Facilities, Park, Private School(s), Shopping/Mall
- Security: Security System
HOA
- Has HOA: No
Location
- Region: Middletown
Financial & listing details
- Price per square foot: $127/sqft
- Tax assessed value: $299,160
- Annual tax amount: $11,009
- Date on market: 6/8/2024
Price history
| Date | Event | Price |
|---|---|---|
| 7/2/2024 | Sold | $650,000+0%$127/sqft |
Source:  Smart MLS #24023789 Report a problem | ||
| 6/13/2024 | Pending sale | $649,999$127/sqft |
Source: Smart MLS #24023789 Report a problem | ||
| 6/8/2024 | Listed for sale | $649,999+52.9%$127/sqft |
Source: Smart MLS #24023789 Report a problem | ||
| 8/5/2022 | Sold | $425,000-3.4%$83/sqft |
Source: Public Record Report a problem | ||
| 2/6/2022 | Listed for sale | $439,900$86/sqft |
Source: Smart MLS #170458634 Report a problem | ||
| 1/11/2022 | Contingent | $439,900$86/sqft |
Source: Smart MLS #170458634 Report a problem | ||
| 12/28/2021 | Listed for sale | $439,900+251.9%$86/sqft |
Source: Smart MLS #170458634 Report a problem | ||
| 3/16/2001 | Sold | $125,000$24/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $11,637 +5.7% | $299,160 |
| 2024 | $11,009 +4.8% | $299,160 |
| 2023 | $10,501 +62.4% | $299,160 +103.5% |
| 2022 | $6,468 -19% | $147,000 -19% |
| 2021 | $7,981 -0.4% | $181,390 |
| 2020 | $8,017 -0.5% | $181,390 |
| 2019 | $8,054 +1.6% | $181,390 |
| 2018 | $7,927 +12.7% | $181,390 +9.3% |
| 2017 | $7,035 +2.9% | $165,910 |
| 2016 | $6,835 | $165,910 |
Find assessor info on the county website
Neighborhood: 06457
Nearby homes
- $--2 bd1 ba750 sqft50 Rappallo Ave SUITE 1, Middletown, CT 06457Off Market
- $--1 bd1 ba600 sqft50 Rappallo Ave APT 2, Middletown, CT 06457Off Market
- $--2 bd1 ba650 sqft50 Rappallo Ave APT 4, Middletown, CT 06457Off Market
- $--1 bd1 ba1k sqft56 Rappallo Ave APT 2C, Middletown, CT 06457Off Market
- $--2 bd1 ba1k sqft56 Rappallo Ave APT 3F, Middletown, CT 06457Off Market
- $--2 bd1 ba1k sqft56 Rappallo Ave APT 2A, Middletown, CT 06457Off Market
- $--1 bd1 ba1k sqft56 Rappallo Ave APT 3D, Middletown, CT 06457Off Market
- $--2 bd1 ba1k sqft56 Rappallo Ave APT 3B, Middletown, CT 06457Off Market
Nearby schools
GreatSchools rating
- 5/10Farm Hill SchoolGrades: PK-5Distance: 2 mi
- 4/10Beman Middle SchoolGrades: 7-8Distance: 1.8 mi
- 4/10Middletown High SchoolGrades: 9-12Distance: 1.7 mi
Schools provided by the listing agent
- 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.
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- Connecticut
- Middlesex County
- Middletown
- 06457
- 50 Rappallo Avenue
Nearby cities
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