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527 Chapel Street, New Haven, CT 06511

Multi-Family For Sale · 5 Family+

$3,899,999
$265/sqft
527 Chapel Street, New Haven, CT
Active
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24
Bedrooms
16
Bathrooms
14,692
Sq Ft
0.18
Acres
1890
Year Built

About This Home

Exceptional opportunity to acquire a 16-unit multifamily property in the heart of Wooster Square. This approximately 14,692 SF brick building features a desirable unit mix of eight 1-bedroom and eight 2-bedroom apartments. The property currently generates $29,750 per month in in-place rental income, excluding two vacant units that provide immediate lease-up potential. At projected rents of $1,900 and $2,250 for the vacant units, total potential rental income is approximately $33,900 per month / $406,800 annually. The property offers additional value-add potential through continued unit improvements, rent optimization as leases turn over, and expansion of in-unit laundry. Nine of the sixteen units currently feature in-unit laundry. Separate utilities and natural gas heat help minimize owner-paid expenses. Parking is available nearby through the St. Andrew's Society for an additional fee, subject to availability and separate arrangement, providing tenants with a convenient parking in this highly walkable neighborhood. Ideally situated near Wooster Square Park, Downtown New Haven, Yale University, restaurants, public transportation, and major highways, 527 Chapel Street offers investors a compelling combination of strong in-place income, immediate lease-up opportunity, and long-term value-add potential. 16 Units * 8 One-Bedrooms * 8 Two-Bedrooms * 14,692 SF * 9 Units with In-Unit Laundry * $29,750/Month In-Place Rent * 2 Vacant Units * $33,900/Month Potential

Listed by Joseph Tracey (203) 676-9953 with Social & Co Realty (203) 484-8061

Listing Snapshot

Price $3,899,999 Days on Our Site 1 days
Property Tax $63,732/yr Style Units on different Floors,Units are Side-by-Side
Year Built 1890 Total Sq Ft 14,692
Lot Size 0.18 acres HOA Fees N/A
Bedrooms 24 Full Bathrooms 16
Total Rooms 54 Half Baths 0

Structure & Parking

Construction Brick,Stone,Concrete
Roof Flat

Systems & Utilities

Heat Gas on Gas, Hot Water
Fuel Natural Gas
Cooling Wall Unit
Hot Water 40 Gallon Tank
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 $5,311/mo
Est. Home Insurance —

Estimate only. Contact a lender for accurate figures.

Listing History

Date Event Price
Sep 14, 2026 Listed $3,899,999

Frequently Asked Questions

How much does 527 Chapel Street in New Haven, CT cost?
This property is listed at $3,899,999, which works out to $265 per square foot.
How many bedrooms does 527 Chapel Street have?
This home has 24 bedrooms and 16 bathrooms.
What is the square footage of 527 Chapel Street?
The home is 14,692 square feet, situated on 0.18 acres.
When was 527 Chapel Street in New Haven built?
This property was built in 1890.
Is 527 Chapel 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 527 Chapel 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 527 Chapel 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

Joseph Tracey · (203) 676-9953

Social & Co Realty · (203) 484-8061

MLS# 24206633 · Data provided by SmartMLS. Information deemed reliable but not guaranteed.
Listing updated Sep 15, 2026 5:52 PM UTC