123 Carmel Street, New Haven, CT 06511

New Haven
Local realty services provided by:ERA Insite Realty Services
123 Carmel Street,New Haven, CT 06511
$448,000
  • 11 Beds
  • 5 Baths
  • 5,313 sq. ft.
  • Multi-family
  • Active
Listed by: kate usovich(203) 710-0701
Office: p2p realty group llc(203) 710-0701
MLS#:24164692
Source:CT

Price summary

  • Price:$448,000
  • Price per sq. ft.:$84.32

About this home

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!

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Home facts

  • Year built:1920
  • Listing ID #:24164692
  • Added:1 day(s) ago
  • Updated:May 17, 2026 at 09:43 PM

Rooms and interior

  • Bedrooms:11
  • Total bathrooms:5
  • Full bathrooms:5
  • Rooms Total:19
  • Living area:5,313 sq. ft.

Heating and cooling

  • Heating:Hot Water

Structure and exterior

  • Roof:Flat
  • Year built:1920
  • Building area:5,313 sq. ft.
  • Lot area:0.09 Acres
  • Lot Features:Corner Lot
  • Construction Materials:Vinyl Siding

Schools

  • High school:Per Board of Ed
  • Elementary school:Per Board of Ed

Utilities

  • Water:Public Water Connected

Finances and disclosures

  • Price:$448,000
  • Price per sq. ft.:$84.32
  • Tax amount:$11,242 (July 2025-June 2026)
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