527 Chapel Street, New Haven, CT 06511

New Haven
Local realty services provided by:ERA Blanchard & Rossetto, Inc.
527 Chapel Street,New Haven, CT 06511
$3,899,999
  • 24 Beds
  • 16 Baths
  • 14,692 sq. ft.
  • Multi-family
  • Active
Listed by: joseph tracey, michelle gutierrez(203) 676-9953
Office: social & co realty(203) 484-8061
MLS#:24206633
Source:CT

Price summary

  • Price:$3,899,999
  • Price per sq. ft.:$265.45

About this home

Exceptional opportunity to acquire a 16-unit multifamily property in the heart of Wooster Square. This approximately 14,692 SF brick building features a desirable unit mix of eight 1-bedroom and eight 2-bedroom apartments. The property currently generates $29,750 per month in in-place rental income, excluding two vacant units that provide immediate lease-up potential. At projected rents of $1,900 and $2,250 for the vacant units, total potential rental income is approximately $33,900 per month / $406,800 annually. The property offers additional value-add potential through continued unit improvements, rent optimization as leases turn over, and expansion of in-unit laundry. Nine of the sixteen units currently feature in-unit laundry. Separate utilities and natural gas heat help minimize owner-paid expenses. Parking is available nearby through the St. Andrew's Society for an additional fee, subject to availability and separate arrangement, providing tenants with a convenient parking in...

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Home facts

  • Year built:1890
  • Listing ID #:24206633
  • Added:60 day(s) ago
  • Updated:November 14, 2026 at 01:48 PM

Rooms and interior

  • Bedrooms:24
  • Total bathrooms:16
  • Full bathrooms:16
  • Rooms Total:54
  • Basement Description:Full Basement
  • Living area:14,692 sq. ft.

Heating and cooling

  • Cooling:Wall Unit
  • Heating:Gas on Gas, Hot Water

Structure and exterior

  • Roof:Flat
  • Year built:1890
  • Building area:14,692 sq. ft.
  • Lot area:0.18 Acres
  • Lot Features:City Views
  • Architectural Style:Units are Side-by-Side
  • Construction Materials:Brick

Schools

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

Utilities

  • Water:Public Water Connected
  • Sewer:Public Sewer Connected

Finances and disclosures

  • Price:$3,899,999
  • Price per sq. ft.:$265.45
  • Tax amount:$63,732 (July 2026-June 2027)
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