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Property profile

271 Sherman Ave New Haven, CT 06511

FOR SALE
Apartment buildings
Property ID
US15-0413913
4,055 SF 0.11 ac lot Built 1900
Last sale Aug 2025 · $545,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$10k
Tax billed · 2024
Assessed value$264k
Assessed land$38k
Assessed improvement$226k
Effective rate3.85%

Value estimate

· Oct 2026
$290k
$261k – $319k
NOI build-up
Gross scheduled income$123k
Vacancy & credit loss−$8k
Operating expenses−$52k
NOI · 7.12% cap applied$64k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$108/SF
Submarket average, outlier-cleaned · 167 recorded sales of this use type
Observed band · Q1–Q3$80 – $146
Qualifying comparables6

Cap rate analysis

How does the asset earn?
7.12%
$64k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
RM2
These districts exist for the protection of areas that have been and are being developed predominantly for high-middle density dwellings ...
General categoryRESIDENTIAL
JurisdictionNEW HAVEN

Location intelligence

Which uses thrive at this corner?
Best fit: Bakery
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Bakery13.1
Pawn Shop11.0
Acupuncture10.4

Location

271 Sherman Ave New Haven, CT 06511
County assessor Recorded deeds · 10 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

4 recorded sales · 15 properties nearby
Recent sales nearby
4 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
84 Linden, Hamden, CT 06518-2838 $482,500 Jun 2024 No data
221 Sherman, New Haven, CT 06518-2125 $625,000 Dec 2022 4,062 SF
29 Washington, Hamden, CT 06518-3278 $2,100,000 Feb 2022 No data
36 School, Hamden, CT 06518-3270 $390,000 Oct 2020 2,688 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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