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123 Carmel St

New Haven CT 06511

11
5
5313 sq. ft.
0.09 ac.
Duplex
Currently for sale - view listing

Overview

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!

Features

11 bedrooms
5 bathrooms
5313 sq. ft. floor area
0.09 ac. lot size
Duplex

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Local market activity for 11 bedroom duplexes in New Haven

In the last 12 months, 1 numeral.11-bedroom duplex similar to 123 Carmel St, have been sold.

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