Rare opportunity to own a modern, fully rented side-by-side duplex in the heart of Wooster Square. Built in the early 2000s, 241-243 Wallace Street features two spacious 3-bedroom, 1.5-bath units, each with private entrances, full basements, and separate utilities. This low-maintenance property is ideal for investors looking for immediate cash flow. Located just minutes from State Street Station, downtown New Haven, Yale, and Wooster Square Park, the property offers exceptional walkability and commuter access. Don't miss your chance to own a turn-key investment in one of New Haven's most desirable and rapidly growing neighborhoods.
Sold for $420,000
$420,000
241 Wallace Street, New Haven, CT 06511
6beds
2,520sqft
Multi Family
Built in 2006
-- sqft lot
$434,500 Zestimate®
$167/sqft
$2,242 Estimated rent
Home value
$434,500
$387,000 - $491,000
$2,242/mo
Zestimate® history
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$3,013/mo
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Zillow last checked:
Listing updated:
Listed by:
Jerard Gibson 203-843-3319,
Coldwell Banker Realty 203-239-2553
Bought with:
Jerard Gibson, RES.0799911
Coldwell Banker Realty
Source: Smart MLS,MLS#: 24099057
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 2
- 1/2 bathrooms: 2
Heating
- Hot Water, Natural Gas
Cooling
- None
Appliances
- Included: Gas Water Heater, Water Heater
Features
- Basement: Full
- Attic: Access Via Hatch
- Has fireplace: No
Interior area
- Total structure area: 2,520
- Total interior livable area: 2,520 sqft
- Finished area above ground: 2,520
Property
Parking
- Parking features: None
Lot
- Size: 6,534 Square Feet
- Features: Level
Details
- Parcel number: 1245369
- Zoning: RM2
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Units are Side-by-Side
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Vinyl Siding
- Foundation: Concrete Perimeter
- Roof: Asphalt
Condition
- New construction: No
- Year built: 2006
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Wooster Square
HOA
- Has HOA: No
Location
- Region: New Haven
Financial & listing details
- Price per square foot: $167/sqft
- Tax assessed value: $185,220
- Annual tax amount: $7,298
- Date on market: 5/29/2025
Price history
| Date | Event | Price |
|---|---|---|
| 7/28/2025 | Sold | $420,000-6.7%$167/sqft |
Source:  Smart MLS #24099057 Report a problem | ||
| 6/14/2025 | Pending sale | $449,990$179/sqft |
Source: Smart MLS #24099057 Report a problem | ||
| 6/7/2025 | Listed for sale | $449,990+52.5%$179/sqft |
Source: Smart MLS #24099057 Report a problem | ||
| 3/26/2021 | Sold | $295,000-6.3%$117/sqft |
Source: Smart MLS #170353749 Report a problem | ||
| 2/3/2021 | Contingent | $315,000$125/sqft |
Source: Smart MLS #170353749 Report a problem | ||
| 12/10/2020 | Listed for sale | $315,000+34.6%$125/sqft |
Source: Smart MLS #170353749 Report a problem | ||
| 10/20/2008 | Sold | $234,000-2.5%$93/sqft |
Source: Public Record Report a problem | ||
| 7/12/2008 | Listed for sale | $239,999+627.3%$95/sqft |
Source: Prudential Real Estate #N272686 Report a problem | ||
| 10/31/2005 | Sold | $33,000$13/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,298 +2.3% | $185,220 |
| 2024 | $7,131 +3.5% | $185,220 |
| 2023 | $6,890 -6.4% | $185,220 |
| 2022 | $7,362 +54.5% | $185,220 +70.6% |
| 2021 | $4,764 | $108,570 |
| 2020 | $4,764 +2.1% | $108,570 |
| 2019 | $4,666 | $108,570 |
| 2018 | $4,666 +11.1% | $108,570 |
| 2017 | $4,199 +15.6% | $108,570 +24.2% |
| 2016 | $3,633 | $87,430 |
| 2015 | $3,633 | $87,430 |
| 2014 | $3,633 +1.9% | $87,430 |
| 2013 | $3,567 +4.9% | $87,430 |
| 2012 | $3,399 -59.9% | $87,430 -54.7% |
| 2011 | $8,478 | $193,130 |
| 2010 | $8,478 +4% | $193,130 |
| 2009 | $8,152 | $193,130 |
Find assessor info on the county website
Neighborhood: Mill River
Nearby homes
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Nearby schools
GreatSchools rating
- 3/10East Rock Community Magnet SchoolGrades: PK-8Distance: 0.6 mi
- 1/10Wilbur Cross High SchoolGrades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- Elementary: East Rock
- High: Wilbur Cross
Source: Smart MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Connecticut
- New Haven County
- New Haven
- 06511
- Mill River
- 241 Wallace Street
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