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    Well-Maintained Multifamily with Parking Title is generated by Realmo AI

    24 Hazel Street, New Haven, CT 06511

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    Claim this Listing
    New
    For Sale
    $550,000

    MULTI_FAMILY - New Haven, CT

    Property size:
    2,832 SF
    Lot size:
    0.09 Acres
    Price / SF:
    $194/SF
    Added:
    Jun 8, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 11 at 4:06 pm

    Property Features for 24 Hazel Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    RM2
    Bedrooms
    6
    Bathrooms
    3
    Rooms
    Bathroom 3, Bedroom 4, Bathroom 2, Bedroom 1, Basement, Bedroom 2, Bedroom 5, Bathroom 1, Bedroom 6, Bedroom 3
    Parking
    4
    Patio and Porch features
    Deck
    Exterior features
    Balcony,Covered Deck
    Basement
    Full
    Standard status
    Active
    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

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    Listing Contact
    Damien DePonte-Keough

    Listing agent Damien DePonte-Keough

    Listing office Weichert, Realtors-On The Mark 47 Cherry Street, Milford, CT

    Listing date Jun 8, 2026

    MLS# 24181741 Listing URL

    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.

    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
    • Public water and public sewer
    • Cooling provided by window unit(s)
    • Built in 1900

    Overview

    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.

    Local 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 (±1% cap)
    NOI $47,668 @ 7.0% cap · market cap 8.67%
    Second Best
    Apartment 5plus
    $633.7K
    $554.5K – $739.3K (±1% cap)
    NOI $44,357 @ 7.0% cap · market cap 8.06%
    Theoretical Best
    Office A
    $911.0K
    $797.1K – $1.06M (±1% cap)
    NOI $63,769 @ 7.0% cap · market cap 11.59%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    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
    -72.927844
    Latitude
    41.327845

    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
    More about this property
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