Multi-Family Property with Approved
For Sale
$499,900
244 Sherman Avenue, New Haven, CT 06518
Currently configured as a 2-family with six bedrooms and six full bathrooms, with zoning-approved plans to convert to 5-family.
Property Size1,900 SF
Price / SF$122.22
Days on Market52
Property Features for 244 Sherman Avenue
General Information
Standard status
Active
Size
1,900 SF
Property subtype
2 Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Building Size
1,900 SF
Year Built
1900
Listing Agency:
Roundtree Realty LLC
(475) 227-4312
Listed By:
Javyn Roundtree · License #452508574
(475) 227-4312
Source:
Iverty
Added: Jul 6
Changed: Aug 25
Last Checked: Aug 26 at 9:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Roundtree Realty LLC
Investment Insights
Based on property information with market context.
This value-add multi-family property is currently configured as a 2-family home with 6 bedrooms and 6 full bathrooms. Zoning-approved plans are included to convert the residence into a 5-family property, supporting a larger income-producing layout with a flexible arrangement. The property is being offered as an opportunity for a buyer to complete a significant renovation.
Located in New Haven’s Edgewood neighborhood, the home provides convenient access to Edgewood Park, Yale University, Yale New Haven Hospital, local restaurants, shopping, public transportation, and major highways.
Located in New Haven’s Edgewood neighborhood, the home provides convenient access to Edgewood Park, Yale University, Yale New Haven Hospital, local restaurants, shopping, public transportation, and major highways.
Key Highlights
- Built in 1900 multi‑family property currently configured as a 2‑family with 6 bedrooms and 6 full bathrooms
- Zoning‑approved plans to convert the property into a 5‑family residence
- Property is currently 2‑family and includes 6 full bathrooms, offering a flexible base for a renovation
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,446
Businesses Nearby
Explore this area
Business Placement
Demographics for 06518, CT
19,528
Population
7,285
Households
2.7
Avg Household Size
34
Median Age
50%
College-Educated
96%
High-School Grad
16.5 sq mi
ZIP Area
1,184
Density / Sq Mi
$105,227
Median Household Income
$33,932
Median Earnings
$2,044
Median Rent
$307,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Currently configured as a 2-family with six bedrooms and six full bathrooms, with zoning-approved plans to convert to 5-family.
Where is this duplex located?
The property is located at 244 Sherman Avenue New Haven, CT.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Built in 1900 multi‑family property currently configured as a 2‑family with 6 bedrooms and 6 full bathrooms; Zoning‑approved plans to convert the property into a 5‑family residence; Property is currently 2‑family and includes 6 full bathrooms, offering a flexible base for a renovation
