Distressed value-add multifamily opportunity in a prime New Haven location just minutes from Downtown and Yale University. Currently configured as a 4-family with approved plans and permits in place for conversion to a 5-unit residential building, offering significant upside potential. All major approvals have been secured, including zoning variance and building/fire department approvals. The proposed layout includes a mix of 1-bedroom, 3-bedroom, and large 4-bedroom units. Full interior and exterior renovation required. No on-site parking. Strong rental market supported by proximity to Yale, public transportation, and major highways. Rent comps available for both 4-unit and 5-unit scenarios. All the hard work is done. Just build and cash flow!
Listing Provided Courtesy of Kate Usovich at P2P Realty Group LLC
Property Details
Price:
$448,000
MLS #:
24164692
Status:
Active
Beds:
11
Baths:
5
Type:
Multi Family
Subtype:
4 Family
Neighborhood:
na
Listed Date:
Apr 5, 2026
Finished Sq Ft:
5,313
Lot Size:
3,920 sqft / 0.09 acres (approx)
Year Built:
1920
See this Listing
Schools
Elementary School:
Per Board of Ed
High School:
Per Board of Ed
Interior
Exterior
Financial
Map
Community
- Address123 Carmel New Haven CT
- NeighborhoodN/A
- CityNew Haven
- CountyNew Haven
- Zip Code06511
Subdivisions in New Haven
Market Summary
Current real estate data for Multi Family in New Haven as of Jun 18, 2026
128
Multi Family Listed
78
Avg DOM
216
Avg $ / SqFt
$705,471
Avg List Price
Property Summary
- 123 Carmel New Haven CT is a Multi Family for sale in New Haven, CT, 06511. It is listed for $448,000 To schedule a showing of MLS#24164692 at 123 Carmel in New Haven, CT, contact your Century 21 AllPoints Realty agent at (203) 802-7252.
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123 Carmel
New Haven, CT