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+18609976925
eXp Realty
123 Carmel St, New Haven, CT 06511
- $400,000
- 11
- BD
- 5
- BA
- 5,313
- SqFt
- Sold Price
- $400,000
- List Price
- $448,000
- Status
- CLOSED
- MLS#
- 24164692
- Closing Date
- Jul 15, 2026
- Year Built
- 1920
- Bedrooms
- 11
- Bathrooms
- 5
- Acres
- 0.09
- Living Area
- 5,313
- Neighborhood
- N/A
Property Description
Distressed value-add multifamily opportunity in a prime New Haven location just minutes from Downtown and Yale University. Currently configured as a 4-family with approved plans and permits in place for conversion to a 5-unit residential building, offering significant upside potential. All major approvals have been secured, including zoning variance and building/fire department approvals. The proposed layout includes a mix of 1-bedroom, 3-bedroom, and large 4-bedroom units. Full interior and exterior renovation required. No on-site parking. Strong rental market supported by proximity to Yale, public transportation, and major highways. Rent comps available for both 4-unit and 5-unit scenarios. All the hard work is done. Just build and cash flow!
Additional Information
- Taxes
- $11,242
- Lot Size
- 3,920
- Heating
- Hot Water
- Cooling System Type
- None
- Water Source
- Public
- Basement
- None
- Elementary School
- Per Board of Ed
- High School
- Per Board of Ed
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Listing courtesy of Kate Usovich from P2P Realty Group LLC. (203) 710-0701 (203) 710-0701
Selling Office: P2P Realty Group LLC.The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 SmartMLS, Inc.