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219 S Union St
For Sale $399,000
$399,000
- 4 Units
- Unknown Sq Ft
- 871 Sq Ft
- Unknown Cap Rate
Description
Investor Alert! High Cash Flow + Strong ROI - Welcome to 219 South Union Street in Middletown - a fully improved mixed-use, multi-unit property offering impressive income and strong long-term upside! Featuring 1 commercial unit and 3 residential apartments, all separately metered and recently updated, this is a turn-key investment opportunity in a desirable downtown location. Income Breakdown:
Commercial Unit: $1,195/mo, 1BR/1BA Apartment: $1,070/mo (currently leased month to month - higher market rent potential), (2) 2BR/1BA Apartments: $1,495/mo each. - Total Monthly Gross Rent: $5,255
Annual Gross Income: $63,060 WOW!! CAP Rate of 11.56%, and Cash on Cash Return of 19.91%, 5-Year Investment Rate of Return (5% Appreciation) - 31.72%!! MASSIVE Depreciation Benefit!!
This property combines commercial stability with residential demand and future appreciation off the charts. Tenants pay their own electric, minimizing owner expenses. The building features high ceilings, exposed brick, ornate details, and private rear balconies for each apartment. Don’t miss this rare, high-yield investment opportunity in thriving downtown Middletown!
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $399,000 |
| Property Type | Flex Space |
| Usable Sqft | Unknown |
| Number of Stories | 3 stories |
| Parking Spots | 0 spots |
| Year Built | 1900 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 410170520000000 |
| MLS # | PADA2049614 |
| Property ID | 322188582 |
| Lot Sqft | 871 |
| Zoning | RESIDENTIAL |
| Total Units | 4 |
| Days on Market | 84 |
| Original List Price | Unknown |
| Date Updated | December 03, 2025 |
| Date Created | September 17, 2025 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Elisabeth P. Hamberger an agent of . Lic #AB068074
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Data last updated: December 10, 2025.
Robert Crawford
REAL ESTATE AGENT