50 High Wallingford CT 06472 MLS #24098609

Prime value-add opportunity in New Haven’s West River/Dwight neighborhood, just minutes from downtown, major employers, and transportation. This three-family property offers a strong entry point for investors or owner-occupants looking to build equity in a high-demand rental market. The building includes two spacious two-bedroom units and one one-bedroom unit, all featuring hardwood floors, generous layouts, and separate tenant-paid utilities. One two-bedroom unit is currently rented month-to-month at below-market rent, presenting a clear opportunity for turnover and rent optimization. This location rewards experienced or well-supported property owners who understand the value of solid management. With the right approach, this asset can deliver strong long-term performance. Light renovations can unlock significant rental upside, while appreciation and portfolio growth are well within reach for the hands-on investor. Whether you’re looking to occupy one unit and offset your mortgage, or reposition the building for higher returns, this property delivers flexibility and potential. Comparable sales nearby highlight the opportunity: 129 Winthrop sold for $415,000 in good condition, and 706 George Street commanded $520,000 after full renovation. With vision and the right strategy, this property is ready to earn.