Nestled in the heart of Milford, just steps from the Oval, this well-maintained 3-family property offers an exceptional investment or owner-occupied opportunity. Owned and lovingly cared for by the same owner for over 40 years, this versatile property features two spacious 2-bedroom units (one with a charming loft), one 2 floor studio apartment and the potential to add a fourth unit on the detached building (subject to any required approvals). In addition, there is a 2 bedroom and den unit on the 3rd floor that can be used as an office or extra space for multi-use purposes. Located in a Commercial/Residential zone, the property offers flexibility for a variety of future uses. Tenants will appreciate being within walking distance to downtown Milford's restaurants, shops, parks, and local amenities. An appealing backyard space provides an outdoor retreat, adding to the property's charm. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the others, this property is full of potential in one of Milford's most desirable in-town locations.