522 Elm Street, New Haven, CT 06511
Local realty services provided by:Better Homes and Gardens Real Estate Gaetano Marra Homes
522 Elm Street,New Haven, CT 06511
$1,419,000
- 8 Beds
- 9 Baths
- 5,222 sq. ft.
- Multi-family
- Active
Listed by: jeffrey puciato, henry puciato(203) 823-6687
Office: puciato altieri realty group(203) 823-6687
MLS#:24207540
Source:CT
Price summary
- Price:$1,419,000
- Price per sq. ft.:$271.73
About this home
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....
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Home facts
- Year built:1900
- Listing ID #:24207540
- Added:51 day(s) ago
- Updated:November 07, 2026 at 01:04 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:9
- Full bathrooms:9
- Rooms Total:35
- Basement Description:Full Basement, Unfinished
- Living area:5,222 sq. ft.
Heating and cooling
- Cooling:Window Unit
- Heating:Baseboard
Structure and exterior
- Year built:1900
- Building area:5,222 sq. ft.
- Lot area:0.1 Acres
- Lot Features:Corner Lot, Level Lot
- Construction Materials:Stucco
Schools
- High school:Per Board of Ed
- Elementary school:Per Board of Ed
Utilities
- Water:Public Water Connected
- Sewer:Public Sewer Connected
Finances and disclosures
- Price:$1,419,000
- Price per sq. ft.:$271.73
- Tax amount:$22,611 (July 2026-June 2027)
Features and amenities
- Amenities:Basketball Court, Park, Public Transportation, Walk to Bus Lines
Parking
- Total parking spaces:4
- Parking description:Off Street Parking, Paved
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