Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    123 Carmel St New Haven, CT 06511

    For Sale
    $499,000

    Commercial For Sale - New Haven, CT

    Property size:
    5,313 SF
    Lot size:
    0.09 Acres
    Days on Market:
    39
    Last Refresh:
    Dec 5 at 12:06 am

    Property Features for 123 Carmel St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RM2
    APN
    1256713
    Size
    5,313 SF
    Lot size
    0.09 Acres

    Utilities

    Heating system
    Hot Water (Heating), Natural Gas, Oil
    Cooling system
    None (Cooling)

    Building Details

    Year built
    1920
    Roof type
    Flat
    Architectural style
    Other

    Eaddy Associates Realty Group (203) 713-8330 [email protected]

    Listing agent Latasha Eaddy (203) 713-8330

    Listing date Oct 28, 2025

    MLS# 24128813 Listing URL

    Copyright © 2025 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Haven Multifamily Investment Opportunity

    This multifamily property, located near Downtown New Haven, presents an opportunity for investors, contractors, and developers. The property, currently configured as a four-unit mixed-use building, has a pending approval to be transformed into a five-unit residential building. The 5,313 square-foot property is situated on a 0.09-acre lot. The location provides convenient access to Yale University, hospitals, Southern Connecticut State University (SCSU), and downtown New Haven. Public transportation options, including bus and train routes, are easily accessible. The property requires a full rehabilitation and is suitable for experienced investors or contractors. Financing options may include cash, hard money, or a rehab loan. The zoning is RM2. The property is sold as-is, and the buyer is responsible for conducting due diligence.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    A a Market Grocery Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Haven
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.941178
    Latitude
    41.320303

    Nearby Similar for Sale

    • $499,000
      Pending

      New Haven Two-Family Home

      Two-family home in New Haven, close to Yale campus.
      58 Derby Ave, New Haven, CT 06511
      View Details
    • New
      $359,000
      2,204 SF

      Two-Unit Multifamily Property in Hamden

      Charming two-unit property with original features and investment potential.
      136 2Nd St, Hamden, CT 06514
      View Details
    • $429,900
      Pending

      Mixed-Use Investment Opportunity in East Haven

      Prime mixed-use property with residential and commercial spaces in East Haven.
      71 High St, East Haven, CT 06512
      View Details
    • $315,000
      Pending

      Charming Two-Family Home in Fair Haven

      Two-family home near Quinnipiac River, minutes from downtown New Haven.
      22 Downing St, New Haven, CT 06513
      View Details
    • $1,795,000
      4,010 SF

      Waterfront Four-Unit Building in New Haven

      Rare waterfront four-unit building with income potential in New Haven.
      86 Cove St, New Haven, CT 06512
      View Details
    • New
      $550,000
      2,226 SF

      West Haven Two-Family Home

      Well-maintained two-family home in West Haven, ideal for investors.
      90 Blohm St, West Haven, CT 06516
      View Details

    FAQs

    What type of property is this?
    Quadplex - Four-unit mixed-use property with potential for five residential units.
    Where is this quadplex located?
    The property is located at 123 Carmel St New Haven, CT.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: - Potential to convert to **5 residential units** (pending approval) near Downtown New Haven.; - **Prime location**: Minutes from Yale, hospitals, SCSU, and downtown.; - Strong rental income potential in a high-demand market.
    (203) 713-8330
    Request Owner's contact information
    123 Carmel St New Haven, CT 06511
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    123 Carmel St
    New Haven, CT 06511
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    123 Carmel St New Haven, CT 06511
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.