123 Carmel Street
New Haven, CT 06511
11
Bed
5
Bath
5,313Sqft
0.09Acre(Lot)
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!
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 11Bathroom Information
Total Baths: 5 Full Baths: 5Room Information
Rooms Total: 19 Basement: None -
Heating & Cooling
Has Heating: Yes Heating: Hot Water Cooling: None
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Building Information
Year Built: 1920 Building Area Total: 5313 Construction Materials: Vinyl Siding, Frame Private Pool: No
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Lot Information
Lot Size Acres: 0.09 Lot Description: Corner Lot
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Listing Price Information
Listing Price: $448000
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Tax Information
Parcel Number: 1256713 Annual Tax: $11242
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School Information
Elementary School: Per Board of EdJunior High School:Senior High School: Per Board of Ed -
Location Information
Direction: gps WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 82 Fillmore Street, New Haven, CT, 06511 | $849,900 | 11 | 7 | 4,415 | 4,415 SqFt |
| 269 View Street, New Haven, CT, 06511 | $525,000 | 8 | 3 | 3,091 | 3,091 SqFt |
| 75 Nash Street, New Haven, CT, 06511 | $599,000 | 3 | 2 | 1,200 | 1,200 SqFt |
| 211 Nicoll Street, New Haven, CT, 06511 | $749,900 | 5 | 3 | 2,814 | 2,814 SqFt |
| 51 Nash Street, New Haven, CT, 06511 | $1,008,000 | 12 | 4 | 4,752 | 4,752 SqFt |
| 125 Nicoll Street, New Haven, CT, 06511 | $579,000 | 4 | 2 | 1,660 | 1,660 SqFt |
| 117 Nicoll Street, New Haven, CT, 06511 | $950,000 | 6 | 4 | 3,400 | 3,400 SqFt |
| 18 Cottage Street, New Haven, CT, 06511 | $925,000 | 2 | 2 | 2,134 | 2,134 SqFt |
| 177 Chestnut Street, New Haven, CT, 06511 | $2,400,000 | 16 | 12 | 6,009 | 6,009 SqFt |
| 816 Orange Street, New Haven, CT, 06511 | $995,000 | 8 | 5 | 4,206 | 4,206 SqFt |
Similar Multifamily To 123 Carmel Street
Nearby For Sale
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ByOwner last updated this listing 06/15/2026 @ 09:49
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