Value-Add Multifamily Near
123 Carmel Street, New Haven, CT 06511
Distressed 4-family with plans for 5 units near Yale.
Type:Multi-Family / 4 Family
Property size:
5,313 SFPrice / SF:
$84/SF- Added:
- Apr 5, 2026
- Days on Market:
- 56
- Last Refresh:
- May 17 at 8:58 pm
Property Features for 123 Carmel Street
General Information
- Standard status
- Active
- Size
- 5,313 SF
- Property subtype
- Multi-Family / 4 Family
Building Details
- Year Built
- 1920
Listing agent Kate Usovich License #RES.0815044 (203) 710-0701
Listing office P2P Realty Group LLC (203) 710-0701
Listing date Apr 5, 2026
Source Compass
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All listing content including descriptions, pricing, images are the copyrighted material of P2P Realty Group LLC
HighLights
- Approved plans and permits in place to convert from a 4‑family to a 5‑unit residential building.
- Prime New Haven location, minutes from Downtown and Yale University.
- All major approvals secured, including zoning variance and building/fire department approvals.
- Significant upside potential through value‑add renovation.
- Strong rental market supported by proximity to Yale, public transportation, and major highways.
- Mix of 1‑bedroom, 3‑bedroom, and large 4‑bedroom units in the proposed layout.
Overview
This multifamily property presents a value-add opportunity in New Haven, situated minutes from Downtown and Yale University. Currently configured as a 4-family residence, the property includes approved plans and permits for conversion into a 5-unit residential building, offering potential for increased value. Approvals have been secured from zoning, building, and fire departments. The proposed layout features a mix of 1-bedroom, 3-bedroom, and 4-bedroom units. The property requires full interior and exterior renovation. There is no on-site parking. The location benefits from a strong rental market, supported by its proximity to Yale, public transportation, and major highways. Rent comparables are available for both the existing 4-unit configuration and the proposed 5-unit scenario. The property size is 5313 square feet.
Location Intelligence
Current Use by Public Records
A a Market
Grocery & Convenience Store
Location Insight
- Map
- Local Demand
- City
- New Haven
- County
- New Haven
- State
- Connecticut
- Longitude
- -72.941178
- Latitude
- 41.320303
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Distressed 4-family with plans for 5 units near Yale.
Where is this quadplex located?
The property is located at 123 Carmel Street New Haven, CT.
What is the asking price?
The asking price for this property is $448,000.
What are key features of this property?
This property features: Approved plans and permits in place to convert from a 4‑family to a **5‑unit residential building**.; Prime New Haven location, minutes from Downtown and Yale University.; All major approvals secured, including zoning variance and building/fire department approvals.
