$400,000
$448,000 10.7%
Est. payment /mo
11 Beds
5 Baths
5,313 SqFt
Sold on 07/15/2026
123 Carmel Street New Haven, CT 06511
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Key Details
Sold Price $400,000
Property Type Multi-Family
Sub Type 4 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,313 sqft
Price per Sqft $75
MLS Listing ID 24164692
Sold Date 07/15/26
Style Units on different Floors
Bedrooms 11
Full Baths 5
Year Built 1920
Annual Tax Amount $11,242
Lot Size 3,920 Sqft
Property Sub-Type 4 Family
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!
Location
State CT
County New Haven
Zoning RM2
Rooms
Basement None
Interior
Heating Hot Water
Cooling None
Exterior
Waterfront Description Not Applicable
Roof Type Flat
Building
Lot Description Corner Lot
Foundation Masonry
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Per Board Of Ed
Listed by Kate Usovich • P2P Realty Group LLC
Bought with Kate Usovich • P2P Realty Group LLC
Bought with Kate Usovich • P2P Realty Group LLC
NEARBY SCHOOL & BUSINESS
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