Renovated 9-Unit Multifamily | 8 of 9 Occupied | ~7.63% Stabilized Cap | ~9.0% Pro Forma Cap | Near Yale New Haven Hospital 522 Elm Street offers an opportunity to acquire a newly renovated 9-unit multifamily property on a corner lot near Yale New Haven Hospital and downtown New Haven. Featuring 2 studios, 6 one-bedroom units, and 1 two-bedroom unit, the property is currently 8 of 9 occupied with immediate lease-up potential. Extensively renovated units feature hardwood flooring, bright layouts, updated kitchens with quartz countertops, modern cabinetry, and stainless steel appliances. Electric heat, natural gas hot water, and gas cooking. Tenants pay individual gas and electric; landlord pays water/sewer and common electric. Additional income potential through installation of coin-operated laundry in the basement. Conveniently located near Yale New Haven Hospital, Yale University, downtown, and the major Adams Neurosciences Center expansion at the Saint Raphael Campus. Strong rental income with significant upside! Approximately 7.63% stabilized cap based on projected lease-up and a potential 9.0% pro forma cap upon achieving projected market rents. Buyer to verify all income, expenses, and projections.
Listing Provided Courtesy of Jeffrey Puciato at Puciato Altieri Realty Group
Property Details
Price:
$1,419,000
MLS #:
24207540
Status:
Active
Beds:
8
Baths:
9
Type:
Multi Family
Subtype:
5 Family+
Neighborhood:
na
Listed Date:
Sep 16, 2026
Finished Sq Ft:
5,222
Lot Size:
4,356 sqft / 0.10 acres (approx)
Year Built:
1900
See this Listing
Schools
Elementary School:
Per Board of Ed
High School:
Per Board of Ed
Interior
Exterior
Financial
Map
Community
- Address522 Elm 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 Oct 09, 2026
109
Multi Family Listed
93
Avg DOM
231
Avg $ / SqFt
$681,682
Avg List Price
Property Summary
- 522 Elm New Haven CT is a Multi Family for sale in New Haven, CT, 06511. It is listed for $1,419,000 To schedule a showing of MLS#24207540 at 522 Elm in New Haven, CT, contact your Century 21 AllPoints Realty agent at (203) 802-7252.
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522 Elm
New Haven, CT