324 Washington Street, Middletown, CT, 06457 | $529,900

Highest & Best 06/08/26 8: 00PM. Rarely does an opportunity come along that offers this level of flexibility, lifestyle, and income potential all in one exceptional property. Completely renovated from top to bottom just a few years ago, this stunning home combines modern finishes, thoughtful design, and turnkey convenience with virtually every major component already updated - allowing you to focus on enjoying the property rather than maintaining it. Whether you're seeking a spacious owner-occupied residence, a multigenerational setup, or a high-performing investment, the possibilities here are remarkable. The current upper-level short-term rental is generating over $50, 000 annually and has become a favorite among guests thanks to its unique character, custom artwork, inviting atmosphere, and unbeatable location. Situated in one of Middletown's most desirable areas, you'll enjoy the ability to walk to Wesleyan University, vibrant downtown Middletown, award-winning restaurants, boutique shopping, breweries, entertainment venues, and the scenic Connecticut River waterfront and Riverwalk. Commuters will appreciate convenient access to Routes 9, 66, 91, and other major thoroughfares. Outside, the property continues to impress with extensive parking, a newly paved driveway, beautiful landscaping, multiple new decks, private patio spaces, and a luxurious outdoor retreat featuring a hot tub lounge area complete with television, privacy shades, and a resort-like feel perfect. Versatile to say the least, the first floor is perfect for owner occupancy and depending on your needs, the home offers the flexibility for up to seven bedrooms, abundant closet space, and generous living areas throughout. An additional value-add opportunity may exist for the next owner to acquire the fully furnished short-term rental setup, creating a truly turnkey investment from day one. Properties offering this combination of location, condition, versatility, income production, and lifestyle amenities are exceptionally difficult to find. Whether you're looking to offset your mortgage, expand your portfolio, or simply enjoy a beautifully renovated home in the heart of Middletown, this is an opportunity that deserves your attention.

Features

  • Rooms: 10
  • Bedrooms: 6
  • Baths: 3 full
  • Units: 2
  • Laundry: Basement Hook-Up(s)
  • Style: Units on different Floors
  • Year Built: 1829
  • Heating: Hot Air
  • Cooling: Central Air
  • Basement: Full,Unfinished,Sump Pump,Storage,Interior Access,Concrete Floor,Full With Walk-Out
  • Above Grade Approx. Sq. Feet: 2,636
  • Acreage: 0.39
  • Est. Taxes: $12,303
  • Lot Desc: City Views
  • Elem. School: Macdonough
  • High School: Middletown
  • MLS#: 24179488
  • Website: https://www.raveis.com
    /prop/24179488/324washingtonstreet_middletown_ct?source=qrflyer
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Listing courtesy of eXp Realty   Phone: (866) 828-3951

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
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To learn more about our credentials, visit raveis.com today.

Dave BeckmanVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 10930

203.641.8287

Dave.Beckman@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Brian KellyInsurance Sales Director, William Raveis Insurance

860.655.6934

Brian.Kelly@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

Ray CashenPresident, William Raveis Attorney Network

203.925.4590

For homebuyers and sellers, our Attorney Network:

  • Consult on purchase/sale and financing issues, reviews and prepares the sale agreement, fulfills lender
    requirements, sets up escrows and title insurance, coordinates closing documents
  • Offers one-stop shopping; to satisfy closing, title, and insurance needs in a single consolidated experience
  • Offers access to experienced closing attorneys at competitive rates
  • Streamlines the process as a direct result of the established synergies among the William Raveis Family of Companies

324 Washington Street, Middletown, CT, 06457

$529,900

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Dave Beckman

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 203.641.8287

Dave.Beckman@raveis.com

NMLS Mortgage Loan Originator ID 10930

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $423,920 $423,920 $423,920
Term 360 months 360 months 180 months
Initial Interest Rate** 5.990% 6.490% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.370% 6.615% 5.952%
Monthly Tax Payment $1,025 $1,025 $1,025
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $2,539 $2,677 $3,520
Total Monthly Payment $3,656 $3,794 $4,637

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.