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Three-Unit Residential Income Property
For Sale
$825,000

572 Elm St, New Haven, CT 06511

Legal three-family home with separate electrical sub-panels, stackable washer/dryers, and multiple off-street parking.

Property Size4,998 SF
Price / SF$162.24
Days on Market54

Property Features for 572 Elm St

General Information

Standard status Active
Size 4,998 SF
Property subtype Multi Family

Additional Details

Multifamily Units 3

Building Details

Building Size 4,998 SF
Year Built 1900
Year Renovated 2020
Stories 3
Listing Agency: Weichert Realtors MRG
Listed By: Sadiki A. Thames · License #RES.0810665
Source: Elliman
Added: Jul 16 Changed: Aug 31 Last Checked: Sep 6 at 7:55AM

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 Weichert Realtors MRG

Investment Insights

Based on property information with market context.

This legal three-family house offers an expansive, nearly identical unit layout across the first and second floors, plus a separate third-floor unit. Each apartment includes spacious front-to-back living rooms, three bedrooms, one bathroom, and eat-in kitchens, along with additional rooms and landings off the stairs for each unit.

Recent updates completed in 2020 include interior and exterior paint, kitchen and bathroom enhancements, and improvements throughout the property. The building also features stackable washer/dryers in each unit and separate electrical sub-panels, and it is heated with gas heat using a house meter. A walkout basement with high ceilings provides additional storage space.

Outside, the property sits on a level lot and includes a long driveway for off-street parking. A location description in the remarks notes proximity to Yale campus facilities and universities, as well as shops, bus lines, and major transportation routes.

Key Highlights

  • Legal 3‑family home built in 1900 with 5,000+ sq ft total living area
  • Each first- and second‑floor unit offers 1,666 sq ft with 3 bedrooms, 1 bathroom, and eat‑in kitchen
  • Third‑floor unit features 1,753 sq ft with the same core layout and 3 bedrooms, 1 bathroom, and eat‑in kitchen

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Pet Grooming Service Locksmith (Bike/Boat/Book/etc) Store Butcher Acupuncture Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

2,813
Businesses Nearby

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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Legal three-family home with separate electrical sub-panels, stackable washer/dryers, and multiple off-street parking.
Where is this triplex located?
The property is located at 572 Elm St New Haven, CT.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Legal 3‑family home built in 1900 with 5,000+ sq ft total living area; Each first- and second‑floor unit offers 1,666 sq ft with 3 bedrooms, 1 bathroom, and eat‑in kitchen; Third‑floor unit features 1,753 sq ft with the same core layout and 3 bedrooms, 1 bathroom, and eat‑in kitchen
More about this property
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