Price Reduced 2.44%

$439,000 ($146.24 per sqft)

Est. Mortgage $2,220/mo *

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Price History

$450,000
8/16/2024

$445,000
10/16/2024

$440,000
12/3/2024

$439,000
12/19/2024

617 Elm Street, New Haven, CT, 06511

617 Elm Street, New Haven, CT, 06511
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14 rooms

5 beds

3 Full baths

1900

Units on different Floors

3,002 sqft

Exceptional investment opportunity in a prime location! This spacious multi-family property features two 2-bedroom units and one 1-bedroom unit, making it perfect for investors or owner-occupants. The charming exterior includes a large front porch and second-floor deck, while inside you'll find beautiful wood floors, a cozy fireplace, and generously sized rooms. The 3-stall garage adds extra income potential, with two bays currently rented and one available. Off-street parking and a shared driveway provide added convenience for tenants. Each unit has separate utilities, including gas heating and stoves, making management straightforward and efficient. Ideally located within walking distance to downtown, schools, parks, and medical facilities, and just one block from shopping, this property offers unbeatable rental appeal. Recent comparable sales include 85 Beers St. ($470,000) and 47 Dickerman St. ($551,000), highlighting the value in this thriving neighborhood. With a sale price of $445,000 this gives a range of equity from $25,000-$81,000! Don't miss out on this income-producing asset with potential for added value!"

Status:

Active

Type:

Multi-family

Units:

3

Zoning:

RM2

Garage:

3-car Detached Garage

Heating:

Hot Water, Radiator

Cooling:

None

Basement:

Full, Unfinished

Acreage:

0.18

Est. Taxes:

$8,899

Assessment

$231,140

Lot Description:

Level Lot

Elementary School:

Per Board of Ed

High School:

Per Board of Ed

Days on Market:

127

MLS #:

24040338

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Lisa Cozzi, Berkshire Hathaway NE Prop. Email: mulveylisa@gmail.com