123 Carmel Street New Haven, CT 06511

Building Details

Year Built

1920

Listing office P2P Realty Group LLC k***@p2prealtyct.com Show Phone

Listing date Apr 5, 2026

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Investment Insights

Based on property information with market context.

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.

Key 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.

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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.