Fire-Damaged Residential Income
For Sale
$300,000
516 Elm Street, New Haven, CT 06511
Fire-damaged building offered As-Is, with potential conversion to a four-unit configuration under new zoning ordinances.
Property Size3,616 SF
Price / SF$82.96
Days on Market183
Property Features for 516 Elm Street
General Information
Standard status
Active
Size
3,616 SF
Property subtype
Multi-Family / 3 Family
Zoning
RM2
Taxes and HOA fees
Annual Taxes
$8,274
Amenities
No
Hot Air
12
Not Applicable
Building Details
Year Built
1910
Listing Agency:
Vanguard Private Client Grp
(860) 882-8784
Listed By:
Natalie Zoef · License #RES.0817776
(860) 882-8784
Source:
Compass
Added: Feb 6
Changed: Aug 8
Last Checked: Jul 23 at 1:10AM
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 Vanguard Private Client Grp
Investment Insights
Based on property information with market context.
This fire-damaged residential income building is being sold in “As-Is” condition. The property is currently identified as a triplex/quadplex type in the offering materials, and the public remarks indicate there may be potential to convert it to four units with minimal relief needed under newly adopted zoning ordinances.
According to the remarks, the property is located within walking distance of Yale shops and restaurants. Redevelopment is also discussed in connection with potential property tax abatements and an active appeal period that is currently open and closes this month.
Prospective buyers should review the terms of the “As-Is” sale and the referenced zoning and appeal considerations as part of their due diligence.
According to the remarks, the property is located within walking distance of Yale shops and restaurants. Redevelopment is also discussed in connection with potential property tax abatements and an active appeal period that is currently open and closes this month.
Prospective buyers should review the terms of the “As-Is” sale and the referenced zoning and appeal considerations as part of their due diligence.
Key Highlights
- 1910‑built fire‑damaged building offered in "As‑Is" condition
- Interior features include hot air heat; cooling system listed as none
- Potential redevelopment under new zoning ordinances for conversion to a four‑unit configuration
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,517
Businesses Nearby
Explore this area
Business Placement
Demographics for 06511, CT
55,879
Population
24,579
Households
2.3
Avg Household Size
29
Median Age
48%
College-Educated
91%
High-School Grad
5.8 sq mi
ZIP Area
9,634
Density / Sq Mi
$56,300
Median Household Income
$34,409
Median Earnings
$1,534
Median Rent
$313,400
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?
Triplex - Fire-damaged building offered As-Is, with potential conversion to a four-unit configuration under new zoning ordinances.
Where is this triplex located?
The property is located at 516 Elm Street New Haven, CT.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 1910‑built fire‑damaged building offered in "As‑Is" condition; Interior features include hot air heat; cooling system listed as none; Potential redevelopment under new zoning ordinances for conversion to a four‑unit configuration
