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123 Carmel Street, New Haven, CT 06511

Multi-Family For Sale · 4 Family

$448,000
$84/sqft
123 Carmel Street, New Haven, CT
Active
Photo 2
Photo 3
11
Bedrooms
5
Bathrooms
5,313
Sq Ft
0.09
Acres
1920
Year Built

About This Home

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!

Listed by Kate Usovich (203) 710-0701 with P2P Realty Group LLC (203) 710-0701

Listing Snapshot

Price $448,000 Days on Our Site 73 days
Property Tax $11,242/yr Style Units on different Floors
Year Built 1920 Total Sq Ft 5,313
Lot Size 0.09 acres HOA Fees N/A
Bedrooms 11 Full Bathrooms 5
Total Rooms 19 Half Baths 0

Structure & Parking

Construction Frame
Roof Flat

Systems & Utilities

Heat Hot Water
Fuel No Fuel
Cooling None
Hot Water No Hot Water
Water Public Water Connected
Sewer Public Sewer Connected

Schools

Elem Per Board of Ed
High Per Board of Ed

Mortgage Calculator

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Est. Monthly Payment —
Principal & Interest —
Est. Property Tax $937/mo
Est. Home Insurance —

Estimate only. Contact a lender for accurate figures.

Listing History

Date Event Price
Apr 5, 2026 Listed $448,000

Frequently Asked Questions

How much does 123 Carmel Street in New Haven, CT cost?
This property is listed at $448,000, which works out to $84 per square foot.
How many bedrooms does 123 Carmel Street have?
This home has 11 bedrooms and 5 bathrooms.
What is the square footage of 123 Carmel Street?
The home is 5,313 square feet, situated on 0.09 acres.
When was 123 Carmel Street in New Haven built?
This property was built in 1920.
Is 123 Carmel Street, New Haven, CT still available?
The current MLS status of this property is "Active". Contact RYZE Realty Group for the latest availability.
What school district is 123 Carmel Street, New Haven in?
This home is served by the New Haven public school system, with Per Board of Ed as the elementary school and Per Board of Ed as the high school.
How do I schedule a tour of 123 Carmel Street, New Haven, CT?
Contact RYZE Realty Group to schedule a private showing. You can submit a tour request directly on this page or call our office.

Listing Agent

Kate Usovich · (203) 710-0701

P2P Realty Group LLC · (203) 710-0701

MLS# 24164692 · Data provided by SmartMLS. Information deemed reliable but not guaranteed.
Listing updated May 17, 2026 6:40 PM UTC