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    290 Sherman Ave New Haven, CT 06511

    For Sale
    $799,900

    Income-producing property with 8 units near Yale Hospital.

    Lot size:
    0.14 Acres

    Property Features for 290 Sherman Ave

    General Information

    Lot size
    0.14 Acres

    Building Details

    Year built
    1900

    Source: Lisowitch Real Estate Group LLC Agent Vasyl Ivoniuk

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Income Property Near Yale Hospital

    This income-producing property is located in a desirable area near Yale Hospital and within walking distance of local stores. It features 8 bedrooms, 8 bathrooms, and 8 kitchens, configured as 8 units, but with the potential to be used as a 3-family house. The property generates approximately $99,000 annually. Major renovations have been completed, including a new roof, updated windows, modernized bathrooms, upgraded electrical systems, and new plumbing. A coin-operated laundry room provides additional income. The property also includes a spacious basement with ample storage rooms and a large parking lot for tenants and guests. This property is suitable for investors seeking stable cash flow in a prime location.
    Location Intelligence

    Current Use by Public Records

    Gleish Y Jousten Guest House

    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
    -72.9429836
    Latitude
    41.3162162

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    FAQs

    What type of property is this?
    Apartment building - Income-producing property with 8 units near Yale Hospital.
    Where is this apartment building located?
    The property is located at 290 Sherman Ave New Haven, CT.
    What is the asking price?
    The asking price for this property is $799,900.
    What are key features of this property?
    This property features: - Income-producing property generating approximately $99,000 annually.; - Prime location next to Yale Hospital and within walking distance of local stores.; - Major renovations including a new roof, updated windows, modernized bathrooms, upgraded electrical systems, and new plumbing.
    (203) 570-5931
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    290 Sherman Ave New Haven, CT 06511
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    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
    290 Sherman Ave New Haven, CT 06511
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