For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    New Haven Multifamily Income Property Title is generated by Realmo AI

    567 Sherman Parkway, New Haven, CT 06511

    View on Map
    Claim this Listing
    For Sale
    $469,000

    MULTI_FAMILY - New Haven, CT

    Property size:
    1,792 SF
    Lot size:
    0.18 Acres
    Price / SF:
    $261/SF
    Added:
    Apr 29, 2026
    Days on Market:
    47
    Last Refresh:
    Jun 14 at 6:06 pm

    Property Features for 567 Sherman Parkway

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    RM2
    Bedrooms
    6
    Bathrooms
    2
    Rooms
    Bedroom 1, Bedroom 5, Bathroom 1, Bathroom 2, Bedroom 6, Bedroom 4, Bedroom 3, Basement, Bedroom 2
    Parking
    7
    Fireplace
    1
    Basement
    Full
    Standard status
    Active
    Size
    1,792 SF
    Lot size
    0.18 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    5153

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Hot Water(Heating)
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1940
    Architectural style
    Other

    We can help!

    Listing Contact
    Xiaoming Li

    Listing agent Xiaoming Li

    Listing office Real Broker CT, LLC 100 Pearl Street, 14th Floor, Hartford, CT

    Listing date Apr 29, 2026

    MLS# 24171227 Listing URL

    Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 2‑family multifamily at 567 Sherman Parkway with 3 bedrooms plus a living room per unit (living room could convert to a 4th bedroom)
    • Total monthly rent reported as $3,850 ($2,000 + $1,850) with tenants paying their own utilities
    • Leased units provide immediate income for new owners, with annual gross rent reported as $46,200
    • 0.18‑acre lot with a spacious backyard and an open driveway with off‑street parking for up to 7 cars
    • Year built: 1940; public utilities include public water and public sewer
    • Heating: hot water; cooling: window unit(s); fireplace present

    Overview

    Located in New Haven, this two-unit multifamily property at 567 Sherman Parkway offers investment potential. The property is situated on a 0.18-acre lot with a spacious backyard and an open driveway that accommodates up to 7 cars off-street. Each unit features 3 bedrooms plus a living room that could be converted into a 4th bedroom. The property is currently leased at $2,000 and $1,850 per month respectively, with tenants responsible for their own utilities, generating a total of $3,850 per month, or $46,200 annually. The property provides immediate revenue. The land adds value, and replacement construction costs for a similar building exceed the listing price. The property is suitable as an investment and a low-maintenance business. It is ideal for investors seeking passive income or owner-occupants looking for rental income to offset mortgage costs. The building size is 1792 square feet.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $46.2k $25.80
    − Vacancy −$3.1k −$1.75
    EGI $43.1k $24.05
    − OpEx −$12.9k −$7.21
    NOI $30.2k $16.83
    1,792 SF · lease $25.80/SF/yr · vacancy 6.80% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $430.9K
    $377.0K – $502.7K (±1% cap)
    NOI $30,163 @ 7.0% cap · market cap 6.43%
    Second Best
    Apartment 5plus
    $401.0K
    $350.9K – $467.8K (±1% cap)
    NOI $28,068 @ 7.0% cap · market cap 5.98%
    Theoretical Best
    Office A
    $576.4K
    $504.4K – $672.5K (±1% cap)
    NOI $40,351 @ 7.0% cap · market cap 8.60%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    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
    -72.936464
    Latitude
    41.32486

    FAQs

    What type of property is this?
    Duplex - Two-unit property in New Haven with immediate cash flow.
    Where is this duplex located?
    The property is located at 567 Sherman Parkway New Haven, CT.
    What is the asking price?
    The asking price for this property is $469,000.
    What are key features of this property?
    This property features: 2‑family multifamily at 567 Sherman Parkway with 3 bedrooms plus a living room per unit (living room could convert to a 4th bedroom); Total monthly rent reported as $3,850 ($2,000 + $1,850) with tenants paying their own utilities; Leased units provide immediate income for new owners, with annual gross rent reported as $46,200
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message