Sold for $400,000

$400,000

123 Carmel Street, New Haven, CT 06511

11beds

5,313sqft

Multi Family

Built in 1920

-- sqft lot

$-- Zestimate^®

$75/sqft

$2,267 Estimated rent

Home value

Not available

Estimated sales range

Not available

$2,267/mo

Zestimate^® history

Owner options

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$2,267/mo

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$2,267/mo

Rent Zestimate^®

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$2,870/mo

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$2,870/mo

Est. payment

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What's special

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!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 11
Bathrooms: 5
Full bathrooms: 5

Heating

Hot Water, No Fuel

Cooling

None

Appliances

Included: No Hot Water

Features

Basement: None
Attic: None
Has fireplace: No

Interior area

Total structure area: 5,313
Total interior livable area: 5,313 sqft
Finished area above ground: 5,313

Property

Lot

Size: 3,920 Square Feet
Features: Corner Lot

Details

Parcel number: 1256713
Zoning: RM2

Construction

Type & style

Home type: MultiFamily
Architectural style: Units on different Floors
Property subtype: Multi Family

Materials

Vinyl Siding
Foundation: Masonry
Roof: Flat

Condition

New construction: No
Year built: 1920

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

HOA

Has HOA: No

Location

Region: New Haven

Financial & listing details

Price per square foot: $75/sqft
Tax assessed value: $285,320
Annual tax amount: $11,242
Date on market: 5/17/2026

Price history

Date	Event	Price
7/15/2026	Sold	$400,000-10.7%$75/sqft
Source: Smart MLS #24164692 Report a problem
5/17/2026	Listed for sale	$448,000+6.7%$84/sqft
Source: Smart MLS #24164692 Report a problem
2/16/2026	Listing removed	$420,000$79/sqft
Source: Smart MLS #24128772 Report a problem
1/27/2026	Price change	$420,000-6.7%$79/sqft
Source: Smart MLS #24128772 Report a problem
12/12/2025	Price change	$450,000-9.8%$85/sqft
Source: Smart MLS #24128772 Report a problem
10/21/2025	Price change	$499,000-9.3%$94/sqft
Source: Smart MLS #24128772 Report a problem
9/23/2025	Listed for sale	$550,000$104/sqft
Source: Smart MLS #24128772 Report a problem