Well-Maintained Multifamily with
24 Hazel Street New Haven, CT 06511
For Sale
$550,000
Pending
MULTI_FAMILY - New Haven, CT
Property Size2,832 SF
Lot Size0.09 Acres
Days on Market50
Property Features for 24 Hazel Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RM2
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Basement, Bedroom 3, Bedroom 4, Bedroom 6, Bedroom 2, Bathroom 3, Bedroom 1, Bathroom 1, Bedroom 5, Bathroom 2
- Parking
- 4
- Patio and Porch features
- Deck
- Exterior features
- Balcony,Covered Deck
- Basement
- Full
- Standard status
- Pending
- Size
- 2,832 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 7397
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1900
- Architectural style
- Other
Listing Agency:
Weichert, Realtors-On The Mark
(203) 283-1422
Listed By:
Damien DePonte-Keough
(203) 821-1162
Added: Jun 8
Changed: Jun 16
Last Checked: Jul 27 at 12:06AM
MLS# 24181741
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This well-maintained multifamily residence includes off-street parking and a finished basement. The first-floor unit is currently unrented, providing flexibility for immediate possession, owner occupancy, or the option to lease after closing. The property’s configuration supports both income-focused use and practical living arrangements depending on how the units are managed.
The home is located in New Haven, Connecticut, and is identified under RM2 zoning. The public remarks indicate proximity to transit lines and shops, which can be a factor for tenants who value convenient commuting and nearby everyday services.
From a tenant or buyer standpoint, the current unrented first-floor unit may be appealing for an owner-occupant looking to move in while planning leasing for the remaining income potential. For investors, the finished basement adds usable interior space, while the off-street parking can help reduce day-to-day friction for residents. Overall, this is a straightforward multifamily purchase with key operational considerations already in place.
The home is located in New Haven, Connecticut, and is identified under RM2 zoning. The public remarks indicate proximity to transit lines and shops, which can be a factor for tenants who value convenient commuting and nearby everyday services.
From a tenant or buyer standpoint, the current unrented first-floor unit may be appealing for an owner-occupant looking to move in while planning leasing for the remaining income potential. For investors, the finished basement adds usable interior space, while the off-street parking can help reduce day-to-day friction for residents. Overall, this is a straightforward multifamily purchase with key operational considerations already in place.
Key Highlights
- Multifamily home with 6 bedrooms, 3 bathrooms, and a completely finished basement
- First‑floor unit is currently unrented, offering immediate possession, owner occupancy, or quick lease‑up
- Covered deck and balcony, plus a deck for outdoor space
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $73.1k | $25.80 |
| − Vacancy | −$5.0k | −$1.75 |
| EGI | $68.1k | $24.05 |
| − OpEx | −$20.4k | −$7.21 |
| NOI | $47.7k | $16.83 |
2,832 SF · lease $25.80/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$681.0K
$595.9K – $794.5K
NOI $47,668 @ 7.0% cap · market cap 8.67%
Second Best
Apartment 5plus
$633.7K
$554.5K – $739.3K
NOI $44,357 @ 7.0% cap · market cap 8.06%
Theoretical Best
Office A
$911.0K
$797.1K – $1.06M
NOI $63,769 @ 7.0% cap · market cap 11.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - A well-kept multifamily with a finished basement and off-street parking, suited for owner-occupants or investors.
Where is this duplex located?
The property is located at 24 Hazel Street New Haven, CT.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Multifamily home with 6 bedrooms, 3 bathrooms, and a completely finished basement; First‑floor unit is currently unrented, offering immediate possession, owner occupancy, or quick lease‑up; Covered deck and balcony, plus a deck for outdoor space
